Management, Credit and Liquidity Risks from the Novel Coronavirus Disease
First written in FY2020. 4 of 13 entries say "Restated". Latest entry: FY2026.
Orient 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.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Impact on business performance from natural disasters and new infectious diseases」
The note has shifted from describing COVID-19 as a standalone risk to a general risk framework that includes the impact of natural disasters and new infectious diseases on business continuity, credit and liquidity. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy continued to show a gradual recovery, particularly in personal consumption, as social and economic activity gradually normalized following the COVID-19 pandemic.」
The description of COVID-19's economic impact shifted from stagnation and deterioration during the pandemic to the normalization of social and economic activity. At the same time, new sources of uncertainty, including yen depreciation, rising prices and global monetary tightening, remain. - FY2023The impact of the pandemic is moving toward containment, while new infection risks are also emergingAnnual report
「The impact of COVID-19, which continued for more than 3 years, is finally beginning to subside, but the economic outlook has become increasingly uncertain amid global inflation, the resulting rise in interest rates and turmoil in financial markets originating in the United States」
While describing the impact of COVID-19 as moving toward containment, the note also cites external factors such as inflation and rising interest rates, as well as credit and liquidity risks in the event of a new virus outbreak. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy experienced a renewed spread of COVID-19, but personal consumption and other areas continued to show signs of recovery as infection control and economic activity were pursued together.」
The note presents both the renewed spread of infections and the recovery in personal consumption resulting from pursuing infection control and economic activity together, continuing from the previous quarter to describe the coexistence of recovery and infection risks. - FY2023-Q2Recovery and uncertainty coexist amid the seventh waveAnnual report
「During the cumulative second quarter of the fiscal year, the seventh wave of the novel coronavirus disease reached Japan, but private consumption continued to recover as infection prevention and economic activity were pursued in parallel. However, the economic outlook remained uncertain due to rising prices accompanying the situation in Ukraine and rapid yen depreciation, as well as supply constraints for semiconductors.」
While the seventh wave arrived, personal consumption continued to recover as infection control and economic activity were pursued together. In addition to infectious diseases, uncertainty related to the situation in Ukraine, yen depreciation and rising prices, and semiconductor constraints was also indicated. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy showed signs of recovery in consumption as the government eased restrictions on activity related to the novel coronavirus disease. However, the outlook remained uncertain due to surging resource prices following Russia's invasion of Ukraine, rising US interest rates, yen depreciation, and a sharp increase in the number of novel coronavirus cases in the near term.」
While describing the recovery resulting from the easing of restrictions on activities, the note adds the surge in infections, soaring resource prices, rising U.S. interest rates and the impact of yen depreciation as factors contributing to uncertainty in the operating environment. - FY2022-Q3WorsenedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy saw a gradual recovery in consumption as the number of new infections declined due to the expanded rollout of COVID-19 vaccinations and infection-control measures by local governments. The state of emergency and priority preventive measures were lifted. Looking ahead, priority preventive measures have recently been applied in multiple regions, including the Tokyo metropolitan area, amid the spread of the Omicron variant, and it remains necessary to closely monitor infection trends and their impact.」
While describing the decline in infections and the recovery in economic activity, the note states that infection risks have once again become apparent due to the spread of the Omicron variant and the application of priority preventive measures. - FY2022-Q1WorsenedAnnual report
「Looking ahead, a recovery in economic activity and consumption is expected as vaccination becomes more widespread. However, the government has currently issued a fourth state of emergency, and it is necessary to continue closely monitoring infection trends and their impact.」
While expressing hope for an economic recovery, the company has identified continuing and deepening risks to the operating environment from the pandemic following the issuance of a fourth state of emergency. - FY2021RestatedAnnual report
「The impact of COVID-19 continues in Japan and overseas, and the outlook remains uncertain. We are working to ensure the stable operation of payment infrastructure, protect employee safety and respond appropriately to customers. However, if the impact of COVID-19 on the economy becomes more serious, various risks, including credit risk and liquidity risk, could increase and affect the company's performance.」
The company continues to identify the impact of the pandemic and the potential spillover to credit risk, liquidity risk and other risks as independent risks. - FY2021-Q3WorsenedAnnual report
「Looking ahead, a continued recovery is expected, partly because large-scale economic measures are being implemented. However, as the government has issued a second state of emergency, it is necessary to continue closely monitoring infection trends and their impact.」
While expressing hope for a recovery in economic activity, the company has stepped up monitoring of infection trends and the impact on the operating environment following the issuance of a second state of emergency. - FY2021-Q2RestatedAnnual report
「Looking ahead, a continued recovery is expected as social and economic activity is gradually raised through government and local-authority measures to stimulate the economy while measures to prevent the spread of infection are implemented. However, the situation requires continued close monitoring of the impact of infection trends in Japan and overseas.」
As the impact of the pandemic on the operating environment continues, the company remains hopeful for a recovery in economic activity while monitoring infection trends in Japan and overseas. - FY2021-Q1RestatedAnnual report
「Looking ahead, a recovery is expected as social and economic activity is gradually raised while measures to prevent the spread of infection are implemented. However, the situation requires close monitoring of infection trends in Japan and overseas.」
As the impact of the pandemic on the operating environment continues, the company remains hopeful for a recovery in economic activity while continuing to closely monitor infection trends in Japan and overseas. - FY2020MaterialisedAnnual report
「If the impact of COVID-19 becomes even more serious, various risks, including risks to the operating environment, credit risk and liquidity risk, could increase and affect the company's performance.」
The company has for the first time identified COVID-19 as an independent business and other risk. The impact has appeared in the current period's business and accounting, including a slowdown in transaction volume in the fourth quarter and additional provisions for loan losses.