Disruption to Business Operations Caused by Natural Disasters, Emergencies and Unknown Infectious Diseases
First written in FY2019. 4 of 12 entries say "Materialised", first in FY2019. Latest entry: FY2023.
JAC Recruitment moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「In May, the legal classification of COVID-19 was changed from Category 2 to Category 5, and the normalization of corporate activities progressed.」
The company states that the legal classification of COVID-19 was changed to Category 5 and that the normalization of corporate activities in Japan progressed. - FY2023-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, the legal classification of COVID-19 was changed in May from Category 2 to Category 5, and the normalization of corporate activities progressed in Japan.」
The company states that the legal classification of COVID-19 was changed to Category 5 and that the normalization of corporate activities in Japan progressed. The impact of the infectious disease on domestic business operations has declined from previous levels. - FY2022-Q3MitigatedAnnual report
「Although the impact of COVID-19 on Japan’s economy was gradually easing during the third quarter of the current consolidated cumulative period,」
The company states that the impact of COVID-19 was easing overall. Meanwhile, the overseas business continues to be affected in China by the prolonged zero-COVID policy. - FY2022-Q2WorsenedAnnual report
「During the second half of the fiscal year, we will continue to keep in mind the possibility, as before, that operations may be affected to some extent by the seventh wave of COVID-19.」
While the end of the infectious disease outbreak has not been confirmed, the company continues to recognize the possibility of an impact from the seventh wave. The impact of the infectious disease continues in China and Hong Kong. - FY2022-Q1MaterialisedAnnual report
「In the overseas business, some regions in Asia, including China, have been affected by lockdowns resulting from the spread of COVID-19.」
Lockdowns resulting from the spread of COVID-19 have actually affected the overseas business in some regions of Asia, including China. - FY2021RestatedAnnual report
「From the end of 2021, the number of new COVID-19 cases caused by the Omicron variant rose sharply in Japan and overseas. In Japan, this led to the reapplication of priority preventive measures in a wide range of areas, including the Tokyo metropolitan area, in January 2022.」
The company continues to recognize the risks to business operations from the resurgence and variants of COVID-19, and is maintaining its work-from-home systems and disaster prevention and safety measures. - FY2021-Q3WorsenedAnnual report
「However, from the second quarter of the current fiscal year onward, the impact of the resurgence of COVID-19 has become serious.」
The company states that the resurgence of COVID-19 has had a serious impact, mainly on the overseas business, since the second quarter. - FY2021-Q2MaterialisedAnnual report
「During the second quarter of the current fiscal year, some regions were affected by the spread of COVID-19 variants, but performance has remained broadly in line with the initial plan for the fiscal year.」
The company states that the spread of COVID-19 variants actually affected the overseas business in some regions. - FY2020MitigatedAnnual report
「To address these risks, our Group has prepared disaster response manuals for large-scale disasters and is working to manage business assets through geographical dispersion. It has also completed and maintains the information systems required to transition to working from home. The Board of Directors has confirmed that, should such an event occur, the health and safety of Group employees and their families, as well as customers, will be the first priority in the Group’s response.」
While risks from natural disasters and emergencies, including COVID-19, continue, the company specifies disaster response manuals, geographical dispersion of assets, the establishment and maintenance of work-from-home systems, and prioritizing health and safety as countermeasures. - FY2020-Q3WorsenedAnnual report
「The performance of the overseas business, which has been significantly affected by the infectious disease, deteriorated further from the beginning of the fiscal year. During the second quarter of the current consolidated fiscal year, the company recognized an impairment loss on fixed assets, including goodwill, related to the business as an extraordinary loss.」
The overseas business deteriorated from the beginning of the fiscal year due to the impact of COVID-19, leading to the recognition of impairment losses on fixed assets, including goodwill. - FY2020-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, the rapid global spread of COVID-19 emerged as a new business and other risk.」
The company explicitly states that the rapid global spread of COVID-19 emerged as a new business and other risk, in addition to the previously disclosed risks related to unknown infectious diseases. - FY2019MaterialisedAnnual report
「Earthquakes, typhoons, tsunamis and other natural disasters, as well as fires, power outages, terrorism, war and unknown infectious diseases, could seriously disrupt the Group’s business operations and materially affect its performance. The amount represents the estimated expenditure for restoration of fixed assets damaged by the typhoon disaster and related costs.」
The company disclosed general risks related to natural disasters and infectious diseases for the first time, and recognized an ¥11 million provision for disaster losses in fiscal 2019 for restoration costs and other expenses related to typhoon damage.