Business interruptions and damage to business partners from earthquakes, typhoons and other disasters
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: FY2023.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 76 of 118 companies on the "Worse" side.
12 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Recovery costs for assets damaged at the consolidated subsidiary by Typhoon No. 14, which occurred in September 2022.」
For damage to subsidiary assets from Typhoon No. 14, the company recognized ¥55.818 million in disaster-related losses and ¥45.727 million in insurance proceeds received. - FY2023-Q3WorsenedAnnual report
「Insurance proceeds received ¥14.361 million Insurance proceeds relating to assets damaged at the consolidated subsidiary by Typhoon No. 14, which occurred in September 2022. Disaster-related losses ¥54.781 million Recovery costs for assets damaged at the consolidated subsidiary by Typhoon No. 14, which occurred in September 2022.」
For damage to subsidiary assets from Typhoon No. 14, the company has cumulatively recognized ¥54.781 million in disaster-related losses and ¥14.361 million in insurance proceeds received. Some insurance proceeds have not been finalized and are expected to be recognized once finalized. - FY2023-Q2MaterialisedAnnual report
「Recovery costs for assets damaged at the consolidated subsidiary キリシマドリームファーム株式会社 by Typhoon No. 14, which occurred in September 2022.」
Damage to subsidiary assets from Typhoon No. 14 actually occurred, and the company recognized ¥44.303 million in disaster-related losses. Receipt of insurance proceeds is expected, but the amount has not been finalized. - FY2022RestatedAnnual report
「Our Group takes the necessary safety and disease-control measures against natural disasters such as typhoons and earthquakes, as well as disease outbreaks such as African swine fever at farms operated by キリシマドリームファーム株式会社.」
Continues its policy of taking safety and disease-control measures against natural disasters and diseases such as African swine fever at its farms. - FY2021RestatedAnnual report
「Our Group takes the necessary safety and disease-control measures against natural disasters such as typhoons and earthquakes, as well as disease outbreaks such as African swine fever at farms operated by キリシマドリームファーム株式会社.」
Continues its policy of taking safety and disease-control measures against natural disasters and diseases such as African swine fever at its farms. - FY2020WorsenedAnnual report
「Our Group takes the necessary safety and disease-control measures against natural disasters such as typhoons and earthquakes, as well as disease outbreaks such as African swine fever at farms operated by キリシマドリームファーム株式会社. However, it is difficult to avoid all risks, and if any of these events occur at our Group or a business partner and cause greater-than-expected damage, business activities may be disrupted or suspended, significant recovery costs may arise, and large numbers of fattening pigs may have to be disposed of, potentially having a material impact on our results.」
Specifies the impact of natural disasters, disease outbreaks such as African swine fever at farms, and the possible mass disposal of fattening pigs. - FY2019Full-year loss from typhoon damage and recognition of insurance proceedsAnnual report
「Insurance proceeds relating to damage caused by Typhoon No. 24 in 2018.」
For Typhoon No. 24, the company recognized ¥74.797 million in disaster-related losses and ¥4.8 million in provision for disaster-related losses, while receiving ¥97.909 million in insurance proceeds. - FY2019-Q3MaterialisedAnnual report
「These costs consisted of recovery and demolition costs, losses on the disposal of property, plant and equipment, and other expenses resulting from damage caused by Typhoon No. 24 in 2018, and included ¥32.338 million in provision for disaster-related losses.」
Damage from Typhoon No. 24 actually occurred, and the company recognized ¥69.779 million in disaster-related losses, including recovery and demolition costs and losses on the disposal of property, plant and equipment, as well as ¥32.338 million in provision for disaster-related losses. - FY2017RestatedAnnual report
「If a major natural disaster such as an earthquake or typhoon damages our Group's facilities, we may suffer substantial losses, including the suspension of business activities and significant recovery costs.」
Reiterates the risks of business suspension and recovery costs resulting from earthquakes, typhoons and other disasters. - FY2016First statedAnnual report
「Large-scale disasters such as earthquakes and typhoons could damage the group's facilities, resulting in substantial losses from business interruptions, significant restoration costs and other impacts. In addition, many customers purchasing compound feed from the feed business are producers of aquatic products and livestock products. If these customers' facilities are damaged, the group's business performance could be affected by lower sales, problems recovering receivables resulting from deterioration in customers' financial conditions, or demands for the performance of guarantee obligations.」
The group identifies not only damage to its own facilities but also the effects of damage to feed customers on sales, receivables collection and guarantee obligations.