Risk of Deterioration in Regional Economic Conditions and Increased Credit Costs Due to COVID-19
First written in FY2020. 9 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 13 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「⑥ Risk to business continuity arising from an outbreak of an infectious disease」
The separate disclosure of an individual risk expressly referring to COVID-19 was discontinued, and the risk was categorized as a business continuity risk arising from infectious diseases in general. - FY2024-Q3RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of COVID-19 and other factors from the content stated under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company reconfirmed that there had been no material change from the previous year's securities report in the accounting assumptions concerning the impact of COVID-19 and other factors. - FY2024-Q1RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of COVID-19 and other factors from the content stated under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company reconfirmed that there had been no material change from the previous year's securities report in the accounting assumptions concerning the impact of COVID-19 and other factors. - FY2023MitigatedAnnual report
「Although the effects of the stagnation of economic activity and other factors caused by COVID-19 are generally subsiding, the company assumes that the impact on credit costs will be limited. However, it expects the impact on credit risk for certain borrowers to continue for a certain period.」
While the impact of the disease on economic activity was viewed as generally subsiding, its impact on the credit risk of certain borrowers continues to be reflected in estimates. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of COVID-19 from the content stated under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company continues to assume that the effects of the disease will continue for a certain period and that the impact on credit costs will be limited due to economic measures and other factors. It has reconfirmed that the assumptions are subject to uncertainty and that the allowance for loan losses may increase or decrease if the economic environment changes significantly. - FY2023-Q1RestatedAnnual report
「Although the company expects the effects of the spread of COVID-19 to continue for a certain period, and assumes that the impact on credit costs will be limited due to economic measures and financial support from the national and local governments, it is determining borrower classifications and calculating expected loss amounts for certain borrowers in light of the impact of COVID-19.」
The company continues to assume that the effects of the disease will continue for a certain period, that the impact on credit costs will be limited due to economic measures and other factors, and that individual assessments and expected loss calculations will be performed for certain borrowers. There has been no material change from the assumptions stated in the previous year's securities report. - FY2022RestatedAnnual report
「Although the company expects the effects of the spread of COVID-19 to continue for a certain period, and assumes that the impact on credit costs will be limited due to economic measures and financial support from the national and local governments, it is determining borrower classifications and calculating expected loss amounts for certain borrowers in light of the impact of COVID-19.」
The company continues to assume that the effects of the disease will continue for a certain period, that the impact on credit costs will be limited due to economic measures and other factors, and that individual assessments will be performed for certain borrowers. - FY2022-Q3RestatedAnnual report
「Although the company expects the effects of the spread of COVID-19 to continue for a certain period, and assumes that the impact on credit costs will be limited due to economic measures and financial support from the national and local governments, it is determining borrower classifications and calculating expected loss amounts for certain borrowers in light of the impact of COVID-19.」
The company continues to assume that the effects of the disease will continue for a certain period, that the impact on credit costs will be limited due to economic measures and other factors, and that individual assessments and expected loss calculations will be performed for certain borrowers. There has been no material change from the previous year's securities report. - FY2022-Q2RestatedAnnual report
「Although the company expects the effects of the spread of COVID-19 to continue for a certain period, and assumes that the impact on credit costs will be limited due to economic measures and financial support from the national and local governments, it is determining borrower classifications and calculating expected loss amounts for certain borrowers in light of the impact of COVID-19.」
The company continues to assume that the effects of the disease will continue for a certain period, that the impact on credit costs will be limited due to economic measures and other factors, and that individual assessments and expected loss calculations will be performed for certain borrowers. There has been no material change from the assumptions used in the previous fiscal year. - FY2022-Q1RestatedAnnual report
「Although the company expects the effects of the spread of COVID-19 to continue for a certain period, and assumes that the impact on credit costs will be limited due to economic measures and financial support from the national and local governments, it is determining borrower classifications and calculating expected loss amounts for certain borrowers in light of the impact of COVID-19.」
The company continues to assume that the effects of the disease will continue for a certain period, that the impact on credit costs will be limited due to economic measures and other factors, and that individual assessments and expected loss calculations will be performed for certain borrowers. There has been no material change from the assumptions used in the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Although tourism-related businesses showed signs of recovery as a result of measures such as the GoTo Campaign, conditions remain difficult.」
While the GoTo Campaign and other measures led to a temporary recovery, tourism-related businesses in Hokkaido remained under pressure, and concerns were also expressed about a downturn in personal consumption due to rising infection numbers. The disclosure stated that there had been no material change in the assumption used to calculate the allowance for loan losses relating to credit risk. - FY2021-Q2RestatedAnnual report
「The company expects the effects of the spread of COVID-19 to continue for a certain period. Although it recognizes that this will have a certain impact on the credit risk of loans and other assets, it calculates the allowance for loan losses on the assumption that the impact on credit costs will be limited due to economic measures and financial support from the national and local governments. …There were no material changes to this assumption during the interim consolidated accounting period.」
The company continues to recognize a certain impact of the disease on credit risk, but there has been no material change in the assumption used to calculate the allowance for loan losses that the impact on credit costs will be limited due to support from the national and local governments. - FY2021-Q1MaterialisedAnnual report
「The situation rapidly became more severe due to the spread of COVID-19. By demand category, personal consumption declined sharply, except in some areas. …Tourism-related businesses remained in a difficult situation due to the suspension of international flights and requests to refrain from travel.」
The impact of COVID-19 on the regional economy has become evident in the sharp decline in personal consumption and the difficult conditions facing tourism-related businesses. The company also recognizes that the spread of the disease has had a certain impact on the credit risk of loans and other assets. - FY2020First statedAnnual report
「As COVID-19 continues to spread worldwide, the sharp decline in foreign visitors and calls for individuals to refrain from going out have affected a broad range of industries in Hokkaido, particularly tourism and food services, through lower sales and deteriorating cash flows. If these effects persist or recovery is delayed, customers may become insolvent or cease operations, potentially increasing credit costs.」
COVID-19 was identified separately from conventional regional economic and credit risks for the first time as a major risk with a high likelihood of occurrence. Lower sales and deteriorating cash flows had already occurred, and the disclosure indicated the possibility of insolvencies, business closures and higher credit costs.