COVID-19-Related Business and Credit Risks
First written in FY2020. 6 of 14 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2RestatedAnnual report
「As COVID-19 was reclassified as a Category 5 infectious disease and business and consumer activity recovered, the domestic business rolled out initiatives aligned with market needs, led by the credit business, and transaction volume remained strong.」
It continues to state that domestic business transaction volume remained strong as business and consumer activity recovered following the reclassification of COVID-19 as a Category 5 infectious disease. - FY2024-Q1MitigatedAnnual report
「As COVID-19 was reclassified as Category V under the Infectious Diseases Control Law, social and economic activity moved toward normalization」
As COVID-19 was reclassified as Category V, social and economic activity moved toward normalization, and the business entered a phase in which the impact of COVID-19 on operations began to ease. - FY2023MitigatedAnnual report
「During the cumulative third quarter, the company continued its business activities in the COVID-19 environment as restrictions on activity related to COVID-19 were eased and social and economic activity showed signs of a gradual recovery.」
Against a backdrop of eased activity restrictions and a recovery in social and economic activity, the company advanced its business activities in the COVID-19 environment as the impact of COVID-19 on operations began to ease. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter, the company continued its business activities in the COVID-19 environment as restrictions on activity related to COVID-19 were eased and social and economic activity showed signs of a gradual recovery.」
The company has continued its business activities in the COVID-19 environment against a backdrop of eased activity restrictions and a recovery in social and economic activity. - FY2023-Q2MitigatedAnnual report
「Transaction volume in the overseas business showed a recovery trend as restrictions on social and economic activity related to COVID-19 were eased.」
Transaction volume in the overseas business began to recover as restrictions on social and economic activity related to COVID-19 were eased. - FY2023-Q1MitigatedAnnual report
「Transaction volume in the overseas business showed a recovery trend as restrictions on social and economic activity related to COVID-19 were eased.」
Transaction volume in the overseas business began to recover as restrictions on social and economic activity related to COVID-19 were eased, partially mitigating the impact of COVID-19 risks on results. - FY2022Profit improvement despite continued overseas restrictionsAnnual report
「In the overseas business, repeated lockdowns and tighter restrictions were imposed as COVID-19 infections resurged, creating difficult operating conditions. The company nevertheless tightened credit standards and strengthened collection of delinquent receivables, working to improve profitability.」
Although the impact of lockdowns and tighter restrictions continued overseas, stricter credit screening and enhanced collections improved results from a segment loss to a profit. - FY2022-Q3WorsenedAnnual report
「Meanwhile, overseas conditions remained challenging as the resurgence of COVID-19 led to further tightening of lockdowns and movement restrictions in various countries.」
The further spread of COVID-19 led to tighter lockdowns and activity restrictions overseas, and its impact on transaction volume and operating revenue in the overseas business has continued. - FY2022-Q2MitigatedAnnual report
「Overseas, transaction volume declined significantly due to the impact of the spread of COVID-19 and tighter restrictions on social and economic activity in various countries, but the decline has recently been gradually narrowing as measures have been implemented in line with market conditions.」
In the overseas business, transaction volume has continued to decline due to tighter restrictions, but the decline has recently been gradually narrowing as measures have been implemented in line with market conditions. - FY2022-Q1WorsenedAnnual report
「Overseas, the operating environment became challenging as infections surged even in Vietnam and Cambodia, where the number of cases had previously been relatively contained, in addition to Indonesia and the Philippines, which had been severely affected by the spread of COVID-19, resulting in restrictions such as limits on movement and requests to suspend business operations.」
The impact of COVID-19 on the overseas business expanded beyond Indonesia and the Philippines to Vietnam and Cambodia. - FY2021-Q3RestatedAnnual report
「In the overseas business, the company has prepared its accounting estimates based on government economic measures and payment deferrals, among other factors, but the impact on economic activity has been substantial, and delinquent receivables have increased more than in Japan.」
Taking the impact of COVID-19 into account, the overseas business has based its estimates on government economic measures and payment deferrals, but the impact on economic activity has been greater than in Japan, and delinquent receivables have continued to increase. - FY2021-Q2RestatedAnnual report
「In the overseas business, the company has prepared its accounting estimates based on government economic measures and payment deferrals, among other factors, but the impact on economic activity has been substantial, and delinquent receivables have increased more than in Japan.」
Although the overseas business has based its estimates on government economic measures and payment deferrals, the impact on economic activity has been greater than in Japan, and delinquent receivables have continued to increase. - FY2021-Q1WorsenedAnnual report
「In the overseas business, the company has prepared its accounting estimates based on government economic measures and payment deferrals, among other factors, but the impact on economic activity has been substantial, and delinquent receivables have increased more than in Japan.」
The impact of COVID-19 has been greater in the overseas business than in Japan, as reflected in the increase in delinquent receivables. - FY2020MaterialisedAnnual report
「Meanwhile, governments in various countries have requested or ordered people to refrain from going out and have imposed regulations and restrictions on business activities due to the impact of COVID-19. Although economic activity has recently begun to resume gradually as restrictions have been eased or lifted, transaction volume in the credit and card businesses, in particular, declined year on year in April and May 2020.」
The company identified business restrictions and lower transaction volume resulting from the spread of COVID-19 as new material risks, and reported the impact for March alone and for April and May 2020 as actual results.