Risk of Real Estate Value Impairment Due to Earthquakes, War, Terrorism, Fires and Other Disasters
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2018: 4 of 16 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「The company has established PML criteria for property acquisitions. At the time of acquisition, its technical division verifies disaster-prevention equipment in addition to checking hazard maps, enabling it to acquire assets with a degree of resilience to natural disasters. It has also established an IT-based disaster information network, enabling it to promptly assess damage when a disaster occurs and operate an immediate response process in cooperation with local partner companies.」
As measures against disaster risks, the company has specified PML criteria, hazard-map checks, disaster-prevention equipment verification, an IT-based disaster information network and an immediate response process with local partner companies. - FY2018RestatedAnnual report
「If a disaster such as an earthquake, war, terrorist attack or fire occurs in an area where the company's owned real estate is located, the value of the relevant property may be impaired.」
The company continues to disclose the risk of impairment of owned property values due to earthquakes, war, terrorism, fires and other events. - FY2017First statedAnnual report
「If a disaster such as an earthquake, war, terrorist attack or fire occurs in an area where the company's owned real estate is located, the value of the relevant property may be impaired.」
The company identifies the impact of disasters and other events on owned properties as a key risk.