Impact of COVID-19 on Credit Risk and Market Valuations
First written in FY2021-Q1. 9 of 10 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 13 of 35 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Accounting estimates used by management may have a significant adverse impact on Nomura’s financial position and operating results, but there were no significant adverse changes during the six-month interim consolidated accounting period.」
The explanation was continued that there had been no significant adverse changes during the interim consolidated accounting period in the risks that could affect accounting estimates. - FY2025-H1RestatedAnnual report
「Accounting estimates used by management may have a significant adverse impact on Nomura’s financial position and operating results, but there were no significant adverse changes during the six-month interim consolidated accounting period.」
The explanation was continued that there had been no significant adverse changes during the interim consolidated accounting period in the risks that could affect accounting estimates. - FY2024-Q3RestatedAnnual report
「Accounting estimates used by management may have a significant adverse impact on Nomura’s financial position and operating results, but there were no significant adverse changes during the nine-month period ended 31 December 2020.」
The explanation was continued that there had been no significant adverse changes during the nine-month period in the risks that could affect accounting estimates. - FY2024-Q1RestatedAnnual report
「Accounting estimates used by management may have a significant adverse impact on Nomura’s financial position and operating results, but there were no significant adverse changes during the three-month period ended 30 June 2020.」
The explanation was continued that there had been no significant adverse changes during the quarter in the risks that could affect accounting estimates. - FY2022-Q3RestatedAnnual report
「The spread of COVID-19 affected certain significant accounting estimates and related assumptions used in preparing the consolidated financial statements for the fiscal year ending March 2021, but there were no significant adverse changes in those effects during the nine-month period ended 31 December 2020.」
The explanation that COVID-19 affected accounting estimates was maintained, while it was stated that there had been no significant adverse changes during the quarter. - FY2022-Q2RestatedAnnual report
「The spread of COVID-19 affected certain significant accounting estimates and related assumptions used in preparing the consolidated financial statements for the fiscal year ending March 2021, but there were no significant adverse changes in those effects during the six-month period ended 30 September 2020.」
The explanation that COVID-19 affected accounting estimates was maintained, while it was stated that there had been no significant adverse changes during the quarter. - FY2022-Q1RestatedAnnual report
「The spread of COVID-19 affected certain significant accounting estimates and related assumptions used in preparing the consolidated financial statements for the fiscal year ending March 2021, but there were no significant adverse changes in those effects during the three-month period ended 30 June 2020.」
The explanation that COVID-19 affected accounting estimates was maintained, while it was stated that there had been no significant adverse changes during the quarter. - FY2021-Q3RestatedAnnual report
「The allowance for expected credit losses as of the adoption date reflects the increase in borrowers’ credit risk resulting from the impact of COVID-19. Fair value as of the adoption date decreased after taking into account the increase in credit risk and the financial markets affected by COVID-19.」
The explanation that COVID-19 affected borrowers’ credit risk and the fair value of financial instruments was continued. - FY2021-Q2RestatedAnnual report
「The allowance for expected credit losses as of the adoption date reflects the increase in borrowers’ credit risk resulting from the impact of COVID-19. Fair value as of the adoption date decreased after taking into account the increase in credit risk and the financial markets affected by COVID-19.」
The explanation that COVID-19 affected borrowers’ credit risk and the fair value of financial instruments was continued. It was also stated that there had been no significant adverse changes in accounting estimates during the six-month period ended 30 September 2020. - FY2021-Q1MaterialisedAnnual report
「The allowance for expected credit losses as of the adoption date reflects the increase in borrowers’ credit risk resulting from the impact of COVID-19. Fair value as of the adoption date decreased after taking into account the increase in credit risk and the financial markets affected by COVID-19.」
It was stated that the impact of COVID-19 had actually been reflected in borrowers’ credit risk and the fair value of financial markets. In connection with the adoption of CECL, the allowance for loan losses increased by ¥1,972 million and other liabilities increased by ¥638 million, among other items, while the cumulative after-tax impact on retained earnings was a decrease of ¥2,538 million.