Risk of a deterioration in the real estate market and office closures due to COVID-19
First written in FY2020. 11 of 13 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023DroppedAnnual reportThere is no separate disclosure under Business Risks concerning real estate market deterioration or office closures due to COVID-19; the company has characterized the situation as having entered the post-COVID period.
- FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company has determined that there have been no material changes to the risks of real estate market deterioration and office closures due to COVID-19. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company has determined that there have been no material changes to the risks of real estate market deterioration and office closures due to COVID-19. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company has determined that there have been no material changes to the risks of real estate market deterioration and office closures due to COVID-19. - FY2022RestatedAnnual report
「We currently recognize that the impact of the spread of COVID-19 on the real estate finance market is limited. However, if infections spread again due to variants or other factors and economic activity is restricted, the real estate finance market may deteriorate due to factors such as falling land prices, potentially affecting our financial condition and operating results. In addition, if one of our officers or employees becomes infected, we may temporarily close the relevant office or take other measures. This could affect our financial condition and operating results.」
The company continues to disclose the risks of real estate market deterioration and falling land prices due to infectious diseases, and of office closures if officers or employees become infected. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company has determined that there have been no material changes to the risks of real estate market deterioration and office closures due to COVID-19. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company has determined that there have been no material changes to the risks of real estate market deterioration and office closures due to COVID-19. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company has determined that there have been no material changes to the risks of real estate market deterioration and office closures due to COVID-19. - FY2021RestatedAnnual report
「We currently recognize that the impact of the spread of COVID-19 on the real estate finance market is limited. However, the timing of containment remains unforeseeable, and if the effects of the disease are prolonged, the real estate finance market may deteriorate due to factors such as falling land prices, potentially affecting our financial condition and operating results. In addition, if one of our officers or employees becomes infected, we may temporarily close the relevant office or take other measures. This could affect our financial condition and operating results.」
The company has reconfirmed the risks of real estate market deterioration and falling land prices due to infectious diseases, and of office closures if officers or employees become infected. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the quarterly report for the first quarter accounting period under Additional Information.」
The company has reconfirmed that there have been no material changes to the accounting assumptions and estimates concerning the impact of COVID-19. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the quarterly report for the first quarter accounting period under Additional Information.」
The company has reconfirmed that there have been no material changes to the accounting assumptions and estimates concerning the impact of COVID-19. - FY2021-Q1RestatedAnnual report
「If the real estate market deteriorates and land prices decline as a result of this event, the decline in the value of real estate held as collateral could raise doubts about the recoverability of receivables. However, because we set real estate collateral valuations and maximum lending limits conservatively, we estimate the allowance for loan losses on the assumption that there will be no impact from the spread of COVID-19.」
The company has reconfirmed the possibility that COVID-19 could worsen real estate market conditions and reduce collateral values, and estimates its allowance for doubtful accounts on the assumption that there will be no impact. - FY2020First statedAnnual report
「We currently recognize that the impact of the spread of COVID-19 on the real estate finance market is limited. However, the timing of containment remains unforeseeable, and if the stagnation of economic activity is prolonged, the real estate finance market may deteriorate due to factors such as falling land prices, potentially affecting our financial condition and operating results. In addition, if one of our employees becomes infected, we may temporarily close the relevant office.」
For COVID-19, the company has for the first time identified the impact of real estate market deterioration on results and the possibility of office closures if employees become infected as separate risks. It also states that the current market impact is limited and that no specific impact has been identified.