Disaster Recovery Support and Revitalization of the Local Economy
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2020.
The Kita-Nippon Bank moved to the "Worse" side of this theme in 2018.
The whole theme swung hardest in 2018: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2020SoftenedAnnual report
「In Iwate Prefecture, the Bank’s principal operating area, public works, which had declined as reconstruction projects peaked, have shown some signs of recovery. However, there are concerns that the spread of COVID-19 will have a significant impact on production activity and personal consumption.」
The peak of reconstruction projects is explicitly identified as having passed, further weakening the tailwind for the regional economy from earthquake reconstruction. At the same time, support for the region in response to COVID-19 has emerged as a new issue. - FY2018SoftenedAnnual report
「Iwate Prefecture, the Bank’s principal operating area, has passed the peak of the exceptional reconstruction demand following the Great East Japan Earthquake. With the continuing decline in the working-age population due to the falling birth rate, population ageing and the outflow of people to urban areas, concerns over a contraction in the scale of the economy are becoming a reality.」
The Bank states that earthquake reconstruction demand has passed its peak as a backdrop to the regional economy, weakening the tailwind from reconstruction demand. At the same time, community-based sales activities and efforts to address regional issues are continuing. - FY2017RestatedAnnual report
「Iwate Prefecture, the Bank’s principal operating area, is showing signs of economic recovery, supported in part by the exceptional factor of reconstruction demand following the Great East Japan Earthquake. At the same time, the working-age population continues to decline as a result of the falling birth rate, population ageing and the outflow of people to urban areas, and concerns over a contraction in the scale of the economy are becoming a reality.」
The Bank continues to cite earthquake reconstruction demand as a backdrop to the regional economy and presents a policy of growing and developing together with the region. - FY2017-Q2RestatedAnnual report
「Residential investment declined overall from the previous year as construction of disaster public housing in affected areas reached a lull, although it remained at a high level. Public investment also remained firm and the value of public works contracts exceeded the previous year, despite the end of the national intensive reconstruction period, as large reconstruction-related projects were ordered by local governments and others at the beginning of the period and public works budgets were brought forward.」
Investment related to reconstruction in affected areas and developments in the regional economy continue to be cited as factors underpinning the sales base. - FY2016First statedAnnual report
「The Bank Group continued to work with all officers and employees in a united effort to support reconstruction in the region, promote community-based sales activities, improve asset efficiency, reduce expenses and further improve the soundness of its assets. As a result, it achieved the following results.」
The Bank continues to identify regional reconstruction as a key priority, combining community-based sales activities with efficient asset management, cost reductions and improvements in asset soundness.