Risk of supply interruptions caused by earthquakes, fires, infectious diseases and livestock epidemics
First written in FY2016. 7 of 13 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2024.
Megmilk Snow Brand 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 2020: 69 of 114 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Emergency generators have been installed at all 7 plants in Hokkaido to maintain infrastructure and restore operations after power outages, and regular drills have been conducted in preparation for emergencies.」
As a response to the risk of supply interruptions, the company has disclosed the installation of emergency generators at all 7 plants in Hokkaido and the implementation of regular drills. - FY2023MitigatedAnnual report
「Losses on fixed assets and other items at ＳＢＳフレック㈱ incurred during the cumulative third-quarter consolidated period were included in equity-method investment losses. However, during the cumulative fourth-quarter consolidated period, the receipt of insurance proceeds covering the damaged fixed assets and other items resulted in the recognition of insurance proceeds by the company, making the impact of the series of events related to this fire on our consolidated financial statements immaterial.」
Although a fire occurred at the Ami Distribution Center, the impact on the consolidated financial statements was limited because the insured amount was received. - FY2023-Q3MitigatedAnnual report
「In addition, ¥1,548 million in estimated losses on fixed assets and other items at ＳＢＳフレック株式会社 was included in equity-method investment losses for the cumulative third-quarter consolidated period. However, in the fourth-quarter consolidated accounting period of the fiscal year ending March 2023, equity-method investment losses are expected to decrease by ¥1,527 million as the company records insurance proceeds upon receipt of insurance covering the damaged fixed assets and other items.」
While losses from the fire at the Ami Distribution Center continue to be incurred, it indicates that equity-method investment losses are expected to decrease by ¥1,527 million upon receipt of insurance proceeds. - FY2023-Q2MaterialisedAnnual report
「Due to the fire at the Ami Distribution Center of ＳＢＳフレック株式会社, an equity-method affiliate, on 30 June 2022, we reasonably estimated losses on our inventories stored at the center and other items and recorded them as a fire loss under extraordinary losses in the cumulative second-quarter consolidated period. In addition, ¥1,511 million in estimated losses on fixed assets and other items at ＳＢＳフレック株式会社 is included in equity-method investment losses.」
Losses on inventories resulting from the fire at the Ami Distribution Center were recorded as a fire loss, while ¥1,511 million in losses on fixed assets and other items of the affiliate was included in equity-method investment losses. - FY2023-Q1MaterialisedAnnual report
「Due to the fire at the Ami Distribution Center of ＳＢＳフレック株式会社, an equity-method affiliate, on 30 June 2022, we reasonably estimated losses on inventories and other items and recorded ¥2,239 million as a fire loss under extraordinary losses in the cumulative first-quarter consolidated period of the fiscal year ending March 2023. In addition, in the cumulative second-quarter consolidated period of the fiscal year ending March 2023, we expect to record ¥1,088 million as an equity-method investment loss for estimated losses from damage to physical assets such as buildings and damage to stored products at ＳＢＳフレック株式会社.」
The fire at the SBSフレック Ami Distribution Center actually occurred, resulting in the recognition of ¥2,239 million in extraordinary losses, and the company indicates that it expects to recognize ¥1,088 million in equity-method investment losses. - FY2021MitigatedAnnual report
「Our Group has formulated a business continuity plan (BCP) to implement the necessary safety measures and measures for business continuity and early recovery, and is prepared for unforeseen circumstances.」
While continuing to recognize the risk of supply interruptions caused by earthquakes, fires, infectious diseases and livestock infectious diseases, it explicitly describes responses based on the BCP, information gathering and MSQS. - FY2020MaterialisedAnnual report
「Operating profit in the Other segment declined substantially due in part to the costs of leasing and operating an alternative warehouse following a fire at the product warehouse of subsidiary 株式会社エスアイシステム in late September.」
The fire at the subsidiary’s product warehouse has appeared in full-year results, accompanied by alternative warehouse costs and a fire loss of ¥550 million. - FY2020-Q3MaterialisedAnnual report
「Fire loss ¥566 million」
A fire loss of ¥566 million was recorded as an extraordinary loss in the cumulative third-quarter consolidated period, disclosing that losses from the fire actually occurred. - FY2019MaterialisedAnnual report
「At the 別海営業所 of 雪印種苗㈱, it was decided to dismantle and remove equipment rendered unusable by a fire in May 2018 during fiscal 2019. Accordingly, the equipment’s carrying amount was written down to zero, and the resulting ¥16 million reduction was recorded as an impairment loss under extraordinary losses.」
It discloses that natural disasters actually rendered equipment unusable, resulting in its dismantling and removal and the recognition of a ¥16 million impairment loss. - FY2019-Q3MaterialisedAnnual report
「The Hokkaido Eastern Iburi Earthquake that occurred in September had a partial impact on our supply chain.」
The impact of the Hokkaido Eastern Iburi Earthquake on the supply chain continues to be disclosed, and the quarterly consolidated income statement recorded a disaster loss of ¥622 million. - FY2019-Q2MaterialisedAnnual report
「The Hokkaido Eastern Iburi Earthquake that occurred in September has had a partial impact on our supply chain.」
It states that the earthquake actually affected the supply chain. The quarterly consolidated income statement also recorded a disaster loss of ¥614 million. - FY2017RestatedAnnual report
「If production sites of our Group remain shut down for an extended period due to a major earthquake, fire or other event, or if product supply remains suspended for an extended period because employees at production sites become infected with an infectious disease such as a novel influenza virus, this could affect our Group’s production system and adversely affect performance.」
It continues to describe the possibility of production-site shutdowns and product supply interruptions caused by earthquakes, fires and infectious diseases. - FY2016First statedAnnual report
「If production sites of our Group remain shut down for an extended period due to a major earthquake, fire or other event, or if product supply remains suspended for an extended period because employees at production sites become infected with an infectious disease such as a novel influenza virus, this could affect our Group’s production system and adversely affect performance.」
In addition to supply interruptions caused by production-site shutdowns and employee infections, it also describes the impact of livestock infectious diseases on raw materials and demand.