Impact of Disasters Such as Typhoons and Earthquakes on Business and Financial Condition
First written in FY2016. 5 of 8 entries say "Materialised", first in FY2016. Latest entry: FY2022.
Coca-Cola Bottlers Japan Holdings moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2018: 21 of 93 companies on the "Worse" side.
29 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「・Strengthen business continuity planning (BCP) and crisis-response capabilities to enable systematic and rational responses ・Conduct regular crisis-response and disaster-response training and simulations ・Establish alternative shipping sites and secure transportation capacity in preparation for damage to logistics centers」
The company expressly identifies BCP, regular training and simulations, alternative shipping sites, and secured transportation capacity as responses to natural disaster risk. - FY2021-Q3MaterialisedAnnual report
「Sales are believed to have remained at the same level as the previous year due to the repeated issuance of states of emergency and the effects of record heavy rainfall in August, the peak demand period, among other factors.」
The company states that record heavy rains in the third quarter of 2021 affected demand in the beverage market, indicating that the business impact of natural disasters continued to materialize. - FY2019MaterialisedAnnual report
「The July 2018 heavy rains damaged some of the Group's factories and warehouses, significantly affecting operations. The Group was also hit by natural disasters, including Typhoons No. 15 and No. 19, in 2019.」
The company states that, following the 2018 heavy rains, natural disasters including Typhoons No. 15 and No. 19 occurred in 2019, indicating that disaster risk continued to materialize. - FY2018MaterialisedAnnual report
「Loss from disasters in the beverage business resulted from flooding damage to equipment, inventories, sales equipment, vehicles and other assets at some manufacturing and sales sites, including the Hongo Plant in Mihara, Hiroshima Prefecture, caused by the July 2018 heavy rains. The breakdown was ¥5,968 million in loss of property, plant and equipment, ¥1,471 million in loss of inventories, and ¥1,435 million in other losses.」
The damage caused by the July 2018 heavy rains was finalized as an annual loss, and the company disclosed a breakdown of ¥8,874 million in disaster-related losses, including property, plant and equipment and inventories. - FY2018-Q3WorsenedAnnual report
「Net income attributable to owners of the parent was ¥13,936 million, down ¥9,861 million, or 41%, from the same period of the previous year, mainly because damage to equipment, inventories and other assets caused by the July 2018 heavy rains was recognized as an extraordinary loss of ¥7,945 million.」
The flooding damage to the Hongo Plant, logistics center and other facilities caused by the July 2018 heavy rains, as well as disruptions to logistics infrastructure, materialized, and ¥7,945 million in loss from disasters was recognized as an extraordinary loss. The damage disclosed in the previous quarter has become more concrete in terms of its impact on consolidated profit. - FY2018-Q2MaterialisedAnnual report
「The July 2018 heavy rains caused flooding at the Hongo Plant in Mihara, Hiroshima Prefecture, and the adjacent logistics center, which are currently out of operation. Some other manufacturing and sales sites, sales equipment and vehicles also suffered flood damage. The impact of the damage on consolidated results is currently under investigation and cannot reasonably be estimated at this time. The carrying amount at the end of the second quarter of the current fiscal year of the plant equipment, inventories and other assets damaged by flooding was approximately ¥9,000 million.」
The July 2018 heavy rains halted operations at the Hongo Plant and logistics center and caused flooding at other sites, sales equipment and vehicles. The carrying amount of the affected assets was disclosed as approximately ¥9,000 million. - FY2017RestatedAnnual report
「The Group has established systems to minimize the impact on business activities of foreseeable events, such as power outages. However, typhoons, earthquakes and other natural disasters may result in events exceeding the scope of assumptions.」
The company reiterates the potential impact of disasters on operations and financial position and the systems established to minimize that impact. - FY2016MaterialisedAnnual report
「Typhoons, earthquakes and other natural disasters may result in events exceeding the scope of assumptions. Accordingly, if such an event occurs, it may affect the Group's operating results and financial position.」
While disclosing disaster risk, the consolidated statement of income for the current consolidated fiscal year includes ¥1,081 million in loss from disasters.