Credit, Market and Business Performance Risks Arising from COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2025.
The Kita-Nippon Bank moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 12 of 31 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「In light of major changes in the business environment surrounding the Bank, including the end of the COVID-19 pandemic and revisions to the Bank of Japan’s monetary policy」
For COVID-19, the description has shifted from one premised on the spread of infection and economic stagnation to one that treats the end of the pandemic as a change in the business environment. - FY2025-H1RestatedAnnual report
「During the six months ended 30 September, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the interim securities report, or in the business and other risks of the Bank Group (the Bank and its consolidated subsidiaries) described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The Bank stated that there were no material changes or new risks relating to credit, market or performance risks arising from COVID-19. - FY2024MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 infectious disease, the Bank expects its impact on economic activity to ease.」
Following the reclassification of COVID-19 as a Class 5 infectious disease, the assumption changed to one of an easing impact on economic activity. The Bank stated that credit risks arising from overseas economies and higher prices remain. - FY2024-Q3RestatedAnnual report
「During the nine months ended 31 December, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The Bank stated that there were no material changes or new risks relating to credit, market or performance risks arising from COVID-19. - FY2024-Q2WorsenedAnnual report
「We assume that the economic impact of COVID-19 will continue for a certain period and will have a certain impact on the credit risk of loans and other assets held by the Group. Based on this assumption, we are classifying debtors using information currently available in order to prepare for expected losses resulting from this impact. In addition, we recorded an additional ¥759 million in the allowance for loan losses during the current interim consolidated accounting period, based on an expected loss rate adjusted as necessary from historical loss experience.」
The Bank assumed that the economic and credit risks arising from the pandemic would continue and recognized an additional ¥759 million in allowance for doubtful accounts to prepare for expected losses. - FY2024-Q1RestatedAnnual report
「During the first three months of the current fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group (the Bank and its consolidated subsidiaries) described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The Bank stated that there were no material changes or new risks relating to credit, market or performance risks arising from COVID-19. - FY2023-Q2WorsenedAnnual report
「We assume that the economic impact of the spread of COVID-19 will continue for a certain period and will have a certain impact on the credit risk of loans and other assets held by the Group. Based on this assumption, we are classifying debtors using information currently available in order to prepare for expected losses resulting from this impact. In addition, we recorded an additional ¥476 million in the allowance for loan losses during the current interim consolidated accounting period, based on an expected loss rate adjusted as necessary from historical loss experience.」
The Bank assumed that the economic and credit risks arising from the pandemic would continue and recognized an additional ¥476 million in allowance for doubtful accounts during the current interim consolidated accounting period. Uncertainty over whether the loss amount will increase or decrease due to changes in the pandemic situation and its economic impact also continues. - FY2023-Q1RestatedAnnual report
「During the first three months of the current fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and financial conditions described in the quarterly securities report, or in the business and other risks of the Bank Group (the Bank and its consolidated subsidiaries) described in the annual securities report for the previous fiscal year. Nor were there any matters relating to newly arisen business and other risks.」
The Bank stated that there were no material changes or new risks relating to credit, market or performance risks arising from COVID-19. - FY2022WorsenedAnnual report
「For certain groups of debtors in industries whose performance is expected to deteriorate due to the impact of COVID-19, we treated the debtor classifications as having been downgraded and recorded an additional ¥568 million in the allowance for loan losses during the consolidated fiscal year, based on expected loss rates adjusted as necessary from historical loss experience.」
The Bank assumed that the economic impact of the pandemic would continue for a certain period and recognized an additional ¥568 million in allowance for doubtful accounts. The economic impact of the situation in Ukraine and soaring resource prices also became factors affecting credit risk. - FY2022-Q2WorsenedAnnual report
「The Bank assumes that the economic impact of the spread of COVID-19 will continue for a certain period and that the credit risk of loans and other assets of the Bank Group will be affected to a certain extent. Based on this assumption, it assesses borrower classifications using information currently available to prepare for losses expected to arise from the impact. In addition, it recognized an additional ¥496 million in allowance for doubtful accounts during the current interim consolidated accounting period, based on expected loss rates adjusted as necessary for actual loss experience.」
The Bank assumed that the economic impact of the pandemic and its impact on the credit risk of loans and other assets would continue, and recognized an additional ¥496 million in allowance for doubtful accounts. It also disclosed the uncertainty of the loss amount resulting from changes in the pandemic situation and its economic impact. - FY2021WorsenedAnnual report
「The outlook remains challenging as the end of the COVID-19 pandemic cannot yet be foreseen.」
The Bank continues to recognize the risk that the ongoing lack of visibility regarding the end of the pandemic will affect the regional economy, credit risk, the market environment, and progress under the medium-term management plan. - FY2021-Q2RestatedAnnual report
「The Bank assumes that the impact of the spread of COVID-19 and the resulting stagnation in economic activity will continue for approximately one year, and recognizes that the credit risk of its loans and other assets will be affected to a certain extent. Under these circumstances, it calculated the allowance for doubtful accounts after considering available information affecting estimates and made a precautionary increase in the allowance in the fiscal year ended March 2020.」
The Bank reconfirmed its assumption that the impact of COVID-19 would continue for approximately one year, its impact on the credit risk of loans and other assets, and the precautionary increase in the allowance for doubtful accounts for the fiscal year ended March 2020. - FY2021-Q1RestatedAnnual report
「The Bank assumes that the impact of the spread of COVID-19 and the resulting stagnation in economic activity will continue until around March 2021, and recognizes that the credit risk of its loans and other assets will be affected to a certain extent. Under these circumstances, it calculated the allowance for doubtful accounts after considering available information affecting estimates and made a precautionary increase in the allowance in the fiscal year ended March 2020.」
The Bank stated its assumption that the stagnation in economic activity caused by COVID-19 and the impact on the credit risk of loans and other assets would continue until around March 2021. It also reconfirmed its precautionary increase in the allowance for doubtful accounts for the fiscal year ended March 2020 and the uncertainty of the assumptions. - FY2020First statedAnnual report
「The Bank recognizes that the impact of COVID-19 does not currently require changes to the new medium-term management plan. However, depending on how the situation develops, including voluntary restraints on economic activity and the resulting changes in the market environment, progress under the new medium-term management plan may be affected.」
COVID-19 was separately identified as a new risk that could affect progress under the plan and business performance and financial condition through voluntary restraints on economic activity, higher credit costs, sharp changes in interest rates and share prices, and declines in the value of securities. The spread of the infection and market disruption had already occurred as of the fiscal year-end.