Risk of Operational Disruptions at Farms and Grading and Packing Plants Due to Natural Disasters
First written in FY2016. 6 of 11 entries say "Restated". Latest entry: FY2022.
Hokuryo moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2018: 37 of 133 companies on the "Worse" side.
34 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「Because the Company determined that the properties subject to the transfer required further review due to heavy snowfall in February 2022, the Board of Directors resolved on 16 March 2022 to amend part of the business transfer agreement.」
In connection with natural-disaster risk, the heavy snowfall in February 2022 actually led to a detailed review of the properties subject to the transfer and a reconsideration of their business viability. - FY2021RestatedAnnual report
「As measures against natural disasters, the Group has prepared business continuity plans (BCPs) for each of its production, manufacturing, sales and administrative divisions. However, if a natural disaster such as an earthquake or typhoon causes unforeseen, extensive damage to the Group’s farms and GP plants, business activities may be disrupted and substantial costs may be incurred to repair damaged facilities, which may significantly affect the Group’s operating results and financial position.」
While specifying the response through BCPs prepared by each division, the Company continues to identify the risk of operational disruptions and restoration costs resulting from unforeseen, extensive damage. - FY2020BCP framework specifiedAnnual report
「As measures against natural disasters, the Group has prepared business continuity plans (BCPs) for each of its production, manufacturing, sales and administrative divisions. However, if a natural disaster such as an earthquake or typhoon causes unforeseen, extensive damage to the Group’s farms and GP plants, business activities may be disrupted and substantial costs may be incurred to repair damaged facilities, which may significantly affect the Group’s operating results and financial position.」
The Company specified that BCPs had been prepared for its production, manufacturing, sales and administrative divisions as a response to natural-disaster risks. The risk of unforeseen, extensive damage itself remains. - FY2020-Q3RestatedAnnual report
「Subsidy income from local governments for the reconstruction and repair of facilities and machinery damaged by the Hokkaido Eastern Iburi earthquake and Typhoon 21 in September 2018.」
The Company reconfirmed the recognition of ¥105.770 million in subsidy income from local governments related to damage to facilities and machinery caused by the Hokkaido Eastern Iburi earthquake and Typhoon 21. No new disaster losses were recorded during the nine-month period. - FY2020-Q1Recognition of disaster-related subsidiesAnnual report
「The Company recorded ¥105.770 million in disaster-related subsidies as extraordinary income and ¥22.807 million in impairment losses on shares held as an extraordinary loss.」
The Company recorded ¥105.770 million in disaster-related subsidies as extraordinary income. The financial impact related to the risks of operational disruptions and restoration costs caused by disasters was also shown for the quarter. - FY2019RestatedAnnual report
「Restoration costs, removal costs and losses on the disposal of fixed assets related to facilities and other assets damaged by the Hokkaido Eastern Iburi earthquake and Typhoon 21 in September 2018.」
The annual report reconfirms that ¥44.528 million in disaster losses were recorded as an actual loss from natural disasters. - FY2019-Q3RestatedAnnual report
「Loss from disasters: ¥44.528 million」
The Company recorded ¥44.528 million in disaster losses for restoration costs, removal costs and losses on the disposal of fixed assets related to the Hokkaido Eastern Iburi earthquake and Typhoon 21 in September 2018. The impact of natural disasters that had already occurred and the resulting loss recognition have been reconfirmed. - FY2019-Q2MaterialisedAnnual report
「In addition, the Hokkaido Eastern Iburi earthquake that occurred before dawn on 6 September caused successive power outages across Hokkaido, reducing production activity and leading to a succession of cancellations of tourism-related bookings in Hokkaido. The future direction of Hokkaido’s economy therefore requires close monitoring.」
The natural-disaster risk previously identified materialised in the form of the Hokkaido Eastern Iburi earthquake, resulting in power outages, lower production activity and tourism cancellations. The Company also recorded a ¥44.528 million loss from disasters related to the earthquake and Typhoon 21. - FY2018RestatedAnnual report
「If a natural disaster such as an earthquake or typhoon occurs, the Group’s farms and GP plants may suffer extensive damage, disrupting business activities and requiring substantial costs to repair damaged facilities, which may significantly affect the Group’s operating results and financial position.」
The risks of disruptions to farm and GP plant operations and facility restoration costs caused by natural disasters have been reiterated. - FY2017RestatedAnnual report
「If a natural disaster such as an earthquake or typhoon occurs, the Group’s farms and GP plants may suffer extensive damage, disrupting business activities and requiring substantial costs to repair damaged facilities, which may significantly affect the Group’s operating results and financial position.」
The risks of disruptions to farm and GP plant operations and restoration costs caused by natural disasters have been reiterated. - FY2016First statedAnnual report
「If a natural disaster such as an earthquake or typhoon occurs, the Group’s farms and GP plants may suffer extensive damage, disrupting business activities and requiring substantial costs to repair damaged facilities, which may significantly affect the Group’s operating results and financial position.」
The Company newly specified the risk that earthquakes, typhoons and other natural disasters may damage its farms and GP plants, causing operational disruptions and facility restoration costs.