Production Fluctuation Risk Due to Natural Disasters and Sudden Accidents
First written in FY2017. 8 of 15 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
Hokuto moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2018: 32 of 132 companies on the "Worse" side.
36 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Extraordinary income included ¥1,915 million in insurance proceeds received in connection with damage from the fire at the Ueda No. 1 Mushroom Center on 29 October 2024, among other items.」
Insurance proceeds offset part of the financial impact of the unforeseen accident involving the fire at the Ueda No. 1 Mushroom Center. - FY2026-H1Insurance proceeds received and fire losses recordedAnnual report
「During the interim consolidated accounting period, ¥105 million in restoration and other costs related to the fire that occurred at the company's Ueda No. 1 Mushroom Center in Ueda, Nagano Prefecture, on 29 October 2024 was recorded as fire losses under extraordinary losses. In addition, confirmed insurance proceeds of ¥1,896 million related to the fire were recorded as insurance proceeds under extraordinary income.」
While ¥105 million in restoration and other costs was recorded for the fire at the Ueda No. 1 Mushroom Center, confirmed insurance proceeds of ¥1,896 million were received. - FY2025MaterialisedAnnual report
「A fire occurred at the company's Ueda No. 1 Mushroom Center in Ueda, Nagano Prefecture, on 29 October 2024, and operations have been suspended.」
The risk of a production site being shut down due to a natural disaster or unforeseen accident actually materialized as a fire at the Ueda No. 1 Mushroom Center. Fire losses, including the loss of property, plant and equipment and inventories, amounted to ¥725 million. - FY2025-H1MaterialisedAnnual report
「A fire occurred at the company's Ueda No. 1 Mushroom Center in Ueda, Nagano Prefecture, on 29 October 2024, and operations have been suspended.」
The suspension of operations at a production site due to an unforeseen accident actually occurred at the Ueda No. 1 Mushroom Center. - FY2021MitigatedAnnual report
「The disaster losses recorded as an extraordinary loss resulted from damage caused by the heavy rain and other effects of Typhoon Hagibis, which occurred on 13 October 2019. The breakdown is as follows: ¥61 million for restoration of property, plant and equipment and other costs; ¥99 million in fixed costs during the suspension of operations; total ¥162 million.」
Disaster losses from Typhoon Hagibis decreased from ¥2,806 million in the previous fiscal year to ¥162 million in the current fiscal year, indicating that the impact of the damage is diminishing. - FY2021-Q2MitigatedAnnual report
「At the New Business Strategy Division, full operations at the Toyono plant, which had been damaged by the typhoon the previous October, were restored in July, and efforts were made to stabilize the manufacturing lines and strengthen sales of in-house products.」
Following the typhoon damage, the Toyono Plant resumed full operations in July, and measures to address the impact of the natural disaster on production sites are progressing. - FY2021-Q1MitigatedAnnual report
「The Akanuma Mushroom Center was damaged by Typhoon Hagibis. Although restoration work continued, shipments resumed in mid-June.」
Following the damage to and suspension of operations at the Akanuma Mushroom Center caused by Typhoon Hagibis, shipments resumed in mid-June, and measures to address the production impact are progressing. - FY2020MaterialisedAnnual report
「The disaster losses recorded as an extraordinary loss resulted from damage caused by the heavy rain and other effects of Typhoon Hagibis, which occurred on 13 October 2019. The breakdown is as follows: ¥1,859 million for restoration of property, plant and equipment and other costs; ¥484 million in fixed costs during the suspension of operations; ¥306 million for the loss of property, plant and equipment; ¥153 million for the loss of inventories; ¥2 million for other items; total ¥2,806 million.」
Flooding and suspended operations occurred at multiple facilities due to Typhoon Hagibis, and ¥2,806 million in disaster losses was recorded. - FY2020-Q3MaterialisedAnnual report
「On 13 October 2019, heavy rain from Typhoon Hagibis caused the Chikuma River embankment at Hoho, Nagano City, to breach, flooding the company's Akanuma Mushroom Center in Akanuma, Nagano City, the shiitake cultivation research facility of the Mushroom Comprehensive Research Institute in Omachi, Nagano City, and the Toyono Plant of the consolidated subsidiary ホクト産業株式会社 in Asano, Toyono Town, Nagano City. Operations have been suspended.」
Heavy rain and an embankment breach caused by Typhoon Hagibis flooded the mushroom center, research facility and Toyono Plant, resulting in the actual suspension of operations. ¥2,459 million in disaster losses was also recorded. - FY2020-Q2MaterialisedAnnual report
「On 13 October 2019, heavy rain from Typhoon Hagibis caused the Chikuma River embankment at Hoho, Nagano City, to breach, flooding the company's Akanuma Mushroom Center in Akanuma, Nagano City, the shiitake cultivation research facility of the Mushroom Comprehensive Research Institute in Omachi, Nagano City, and the Toyono Plant of the consolidated subsidiary ホクト産業株式会社 in Asano, Toyono Town, Nagano City. Operations have been suspended.」
Heavy rain and an embankment breach caused by Typhoon Hagibis flooded the mushroom center, research facility and Toyono Plant, resulting in the actual suspension of operations. - FY2019MaterialisedAnnual report
「Production was partially affected at the Tomakomai Mushroom Center after power outages caused by the Hokkaido Eastern Iburi Earthquake in September, but production was nearly in line with the plan due to increased production at other centers.」
While power outages caused by the Hokkaido Eastern Iburi Earthquake affected production at the Tomakomai Center, overall production was nearly in line with the plan due to increased production at other centers. - FY2019-Q3MaterialisedAnnual report
「Production was partially affected at the Tomakomai Mushroom Center after power outages caused by the Hokkaido Eastern Iburi Earthquake in September.」
Power outages caused by the Hokkaido Eastern Iburi Earthquake actually affected production at the Tomakomai Mushroom Center. ¥189 million in disaster losses was also recorded as an extraordinary loss. - FY2019-Q2MaterialisedAnnual report
「Production was partially affected at the Tomakomai Mushroom Center after power outages caused by the Hokkaido Eastern Iburi Earthquake.」
Power outages caused by the Hokkaido Eastern Iburi Earthquake actually affected production at the Tomakomai Mushroom Center. ¥236 million in disaster losses was also recorded as an extraordinary loss. - FY2018RestatedAnnual report
「All mushrooms produced by our group are grown inside factories equipped with cultivation management systems. Although we maintain strict hygiene controls and work to ensure stable cultivation and improve quality, natural disasters such as earthquakes and other unforeseen accidents or abnormalities could affect our group's financial position and business performance.」
The company continues to disclose the risk that natural disasters such as earthquakes and unforeseen accidents could affect its financial position and business performance, despite stable production based on cultivation inside factories. - FY2017First statedAnnual report
「Because all mushroom production by our group takes place indoors at factories equipped with air conditioning and other cultivation management systems, production volumes remain stable throughout the year and will not fluctuate significantly unless a natural disaster such as an earthquake or another unforeseen accident or abnormal event occurs.」
While indoor cultivation stabilizes production volumes, the company newly identifies natural disasters such as earthquakes and unforeseen accidents or abnormalities as potential causes of production fluctuations.