Expansion of Regional Economic and Credit Risks, among Others, Due to COVID-19
First written in FY2020. 5 of 9 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 12 of 34 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe 2024 fiscal year's section on business and other risks does not identify the expansion of regional economic, credit and other risks resulting from COVID-19 as a standalone risk item.
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes in business and other risks regarding the expansion of regional economic, credit and other risks resulting from COVID-19. - FY2023-Q3RestatedAnnual report
「The economic effects of the spread of COVID-19 are assumed to continue beyond the current consolidated fiscal year. In these circumstances, debtor classifications are determined after considering available information that may affect estimates as of the reporting date. If the debtor classifications or the assumptions used regarding the status of COVID-19 and its economic effects change, the balance of the allowance for loan losses may fluctuate and affect profit or loss. These assumptions have not changed from the previous consolidated fiscal year.」
It reiterated the assumption that the economic effects of the infectious disease would continue beyond the current consolidated fiscal year and the possibility of an impact on the allowance for loan losses and estimation uncertainty, and stated that the assumptions used had not changed from the previous fiscal year. - FY2023-Q1RestatedAnnual report
「The economic effects of the spread of COVID-19 are assumed to continue beyond the current consolidated fiscal year. In these circumstances, debtor classifications are determined after considering available information that may affect estimates as of the reporting date. If the debtor classifications or the assumptions used regarding the status of COVID-19 and its economic effects change, the balance of the allowance for loan losses may fluctuate and affect profit or loss. These assumptions have not changed from the previous consolidated fiscal year.」
It reiterated the assumption that the economic effects of COVID-19 would continue beyond the current consolidated fiscal year and the possibility of impacts on debtor classifications and the allowance for loan losses. The assumptions used have not changed from the previous fiscal year. - FY2022-Q1RestatedAnnual report
「The economic effects of the spread of COVID-19 are assumed to continue beyond the current consolidated fiscal year. In these circumstances, debtor classifications are determined after considering available information that may affect estimates as of the reporting date. If the debtor classifications or the assumptions used regarding the status of COVID-19 and its economic effects change, the balance of the allowance for loan losses may fluctuate and affect profit or loss. These assumptions have not changed from the previous consolidated fiscal year.」
It reiterated the assumption that the economic effects of COVID-19 would continue beyond the current consolidated fiscal year, the possibility of an impact on the allowance for loan losses, and estimation uncertainty. The assumptions have not changed from the previous consolidated fiscal year. - FY2021WorsenedAnnual report
「Although some countries and regions have seen economic activity resume with the start of COVID-19 vaccinations, the situation remains difficult. In Oita Prefecture, the operating base of the Bank Group, the pandemic has also had an economic impact across a broad range of industries, including tourism, and its prolonged impact could become a factor in the expansion of various risks, including credit risk and market risk.」
It continued to state that the effects of the infectious disease would be prolonged beyond the current fiscal year, including impacts on a broad range of industries, including tourism in Oita Prefecture, and the possibility of expanding credit and market risks. - FY2021-Q3WorsenedAnnual report
「We assume that the impact will continue from the current fiscal year onward because, as of the end of the third quarter of the current consolidated fiscal year, the end of the pandemic remains unforeseeable. Under these circumstances, we determine borrower classifications after considering information available as of the reporting date that affects estimates. These assumptions involve uncertainty, and the amount of losses may increase or decrease if the status of COVID-19 or its economic impact changes.」
The company stated that the economic impact of COVID-19 is expected to continue from the current fiscal year onward and that uncertainty remains regarding its effects on borrower classifications and loss estimates. The assumed duration of the impact was extended from the previous assumption that it would continue during the current fiscal year. - FY2021-Q1RestatedAnnual report
「We assume that the economic impact of the spread of COVID-19 will continue during the fiscal year, and recognize that it will have a certain impact, particularly on the credit risk of loans and other assets of the Bank Group. Under these circumstances, we determine borrower classifications after considering information available as of the reporting date that affects estimates. These assumptions involve uncertainty, and the amount of losses may increase or decrease if the status of COVID-19 or its economic impact changes. These assumptions have not changed from the previous consolidated fiscal year.」
The company reiterated its recognition that COVID-19 affects the credit risk of loans and other assets, as well as the uncertainty of the estimates. The assumptions used to determine borrower classifications have not changed from the previous consolidated fiscal year. - FY2020First statedAnnual report
「The COVID-19 pandemic continues to spread rapidly in many parts of the world. In Oita Prefecture, the operating base of the Bank Group, it has also had an economic impact, particularly on the tourism industry, and we recognize that if the impact is prolonged, it could become a factor in the expansion of various risks, including credit risk and market risk.」
The company identified the spread of COVID-19 and its economic impact on tourism and other industries in Oita Prefecture as new risks, and indicated that credit risk, market risk and other risks could increase if the impact is prolonged.