Risk of business restrictions from natural disasters and pandemics
First written in FY2016. 11 of 16 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 71 of 115 companies on the "Worse" side.
- FY2023RestatedAnnual report
「Regarding the spread of COVID-19, the company has conducted stress testing and estimated the impact on credit risk and market risk if the risks materialize.」
As part of its response to COVID-19, the company continues to use stress testing to estimate the impact on credit risk and market risk, in addition to maintaining business continuity. - FY2023-Q3RestatedAnnual report
「There have been no material changes in the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company indicates that there have been no material changes from the assumptions made at the end of the previous consolidated fiscal year regarding the economic and business impact of COVID-19. - FY2022AdvancedAnnual report
「Regarding the spread of COVID-19, the company has conducted stress testing and estimated the impact on credit risk and market risk if the risks materialize.」
Regarding its response to COVID-19, the company described stress testing to estimate the impact on credit risk and market risk, in addition to its existing business continuity and cash-flow support measures. - FY2022-Q3WorsenedAnnual report
「Looking ahead, strong downward pressure is expected to persist for the time being, particularly on face-to-face services consumption, as the rapid spread of the Omicron variant of COVID-19 has led to the application of priority preventive measures to prevent the spread of the disease. Accordingly, uncertainty is expected to continue until the effects of the infectious disease subside.」
Regarding the risk of business restrictions from the pandemic, the company specifically cited the rapid spread of the Omicron variant and the application of priority preventive measures to prevent the spread of the disease, indicating downward pressure on face-to-face services consumption and an uncertain outlook. - FY2022-Q1RestatedAnnual report
「There have been no material changes in the assumptions, including the economic impact of the spread of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company indicates that there have been no material changes from the assumptions made at the end of the previous consolidated fiscal year regarding the economic and business impact of COVID-19. - FY2021RestatedAnnual report
「Regarding the spread of the novel coronavirus, the company has established a disaster response headquarters under its business continuity plan and is taking the following measures on an agile basis.」
The company continues to address the emergence of COVID-19 through measures including cash-flow support, telework and split operations. - FY2021-Q2RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the assumptions regarding the impact of the spread of COVID-19.」
The company indicates that there have been no material changes from the assumptions made at the end of the previous consolidated fiscal year regarding the impact of COVID-19. - FY2021-Q1RestatedAnnual report
「There have been no material changes in the assumptions regarding the impact of COVID-19 made at the end of the previous consolidated fiscal year.」
The company indicates that there have been no material changes from the assumptions at the end of the previous consolidated fiscal year regarding the impact of COVID-19 on its business and financial position. - FY2020MaterialisedAnnual report
「Regarding the spread of the novel coronavirus, the company has established a disaster response headquarters under its business continuity plan and is implementing the following measures: • Assessing the impact on business partners and providing cash-flow support • Promoting handwashing, gargling, cough etiquette, mask-wearing, disinfection and refraining from nonessential, nonurgent outings • Implementing telework, split operations, staggered working hours and shift work • Thoroughly conducting daily temperature checks and symptom screening, among other measures」
Regarding the previously anticipated pandemic and natural disaster risks, the company has responded to the actual emergence of COVID-19 by establishing a disaster response headquarters and beginning measures including cash-flow support and telework. - FY2020-Q2RestatedAnnual report
「Going forward, the economy is expected to continue growing moderately as employment and income conditions improve. However, the company believes it is necessary to closely monitor overseas economic trends, the impact of the consumption tax rate increase and the effects of heavy-rain disasters.」
The company continues to identify the economic impact of natural disasters, including heavy-rain disasters, as an issue requiring close monitoring. - FY2019RestatedAnnual report
「The company is working to establish a framework to minimize damage and restore operations promptly in the event of unforeseen circumstances, including natural disasters such as major earthquakes and typhoons and the emergence of a pandemic. However, if such an unforeseen event occurs, the company’s operations, results of operations and financial condition may be adversely affected, directly or indirectly, by losses resulting from damage to its assets, deterioration in the financial condition of its counterparties, restrictions on business activities and other factors.」
The company continues to address its early-recovery framework for natural disasters and pandemics and the risk of business restrictions when such events occur. - FY2019-Q2RestatedAnnual report
「The torrential rains of July 2018 caused extensive damage, mainly in the areas where the group is based. The group will make full use of its financial intermediation capabilities, consulting capabilities and solution expertise, and as one group will work to restore the local community and regional economy as quickly as possible and support their reconstruction.」
The company continues to describe the actual occurrence of a natural disaster risk and its response aimed at regional recovery and reconstruction. - FY2019-Q1MaterialisedAnnual report
「The torrential rains of July 2018 caused extensive damage, mainly in the areas where the group is based. The group will make full use of its financial intermediation capabilities, consulting capabilities and solution expertise, and as one group will work to restore the local community and regional economy as quickly as possible and support their reconstruction.」
With respect to previously anticipated natural disaster risks, the company noted the actual occurrence of the July 2018 heavy rains and described its recovery and reconstruction response through its financial intermediation, consulting and solutions functions. - FY2018RestatedAnnual report
「The company is working to establish a framework to minimize damage and restore operations promptly in the event of unforeseen circumstances, including natural disasters such as major earthquakes and typhoons and the emergence of a pandemic. However, if such an unforeseen event occurs, the company’s operations, results of operations and financial condition may be adversely affected, directly or indirectly, by losses resulting from damage to its assets, deterioration in the financial condition of its counterparties, restrictions on business activities and other factors.」
The company continues to address its early-recovery framework for natural disasters and pandemics and the risk of business restrictions when such events occur. - FY2017RestatedAnnual report
「The company is working to establish a framework to minimize damage and restore operations promptly in the event of unforeseen circumstances, including natural disasters such as major earthquakes and typhoons and the emergence of a pandemic.」
The company continues to establish a framework for limiting damage from natural disasters and pandemics and restoring operations promptly. - FY2016First statedAnnual report
「The Company works to establish systems that minimize damage and restore operations promptly in response to unforeseen events, including natural disasters such as major earthquakes and typhoons and the occurrence of pandemics.」
The company has established an early-recovery framework based on anticipated asset damage from disasters, deterioration in counterparties’ financial condition, and restrictions on business activities.