Recognition of Losses from Natural Disasters and Provision for Disaster Losses
First written in FY2020-Q3. . Latest entry: FY2021.
The whole theme swung hardest in 2023: 5 of 14 companies on the "Worse" side.
13 other companies' latest entry also says "Other".
- FY2021Recognised a provision for disaster losses from the Fukushima offshore earthquakeAnnual report
「For damage to the company's equipment caused by the earthquake off Fukushima in February 2021, the company recorded ¥0 million in special losses as loss due to disasters and ¥4 million as provision for disaster-related losses, representing construction costs and estimates.」
Recognized a ¥4 million provision for disaster losses as an extraordinary loss for equipment damage caused by the earthquake off Fukushima. - FY2020Recorded ¥240 million in disaster losses for the full fiscal yearAnnual report
「The heavy rains in southern Kyushu in July 2019 damaged a power plant constructed by the company and gave rise to a contractual restoration obligation. Accordingly, the company recorded ¥232 million in construction costs as disaster losses under extraordinary losses. It also recorded ¥8 million in repair costs for damage to its own facilities caused by Typhoons No. 15 and 19 in September and October 2019 as disaster losses under extraordinary losses.」
Recognized total disaster losses of ¥240 million for the full year related to the torrential rains in southern Kyushu and Typhoons No. 15 and 19. - FY2020-Q3First statedAnnual report
「Because damage to a power plant constructed by the company as a result of the heavy rains in southern Kyushu in July 2019 gave rise to a contractual obligation to restore it, the company recorded ¥157 million in special losses as loss due to disasters and ¥102 million as provision for disaster-related losses, representing construction costs and estimates. In addition, for damage to the company's equipment caused by Typhoons No. 15 and No. 19 in September and October 2019, the company recorded ¥4 million in special losses as loss due to disasters and ¥11 million as provision for disaster-related losses, representing construction costs and estimates.」
For damage caused by the heavy rains in southern Kyushu and Typhoons No. 15 and 19, the company recorded contractual restoration obligations and estimated restoration costs for its own facilities as extraordinary losses and provisions.