Cawachi Limited (2664) · PolicyDisaster loss provision balance is zero
Provision for disaster losses in preparation for damage to facilities and other impacts from Typhoon No. 15
First written in FY2020-Q2. 1 of 4 entries say "Restated". Latest entry: FY2022-Q2.
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Equipment damage from Typhoon No. 15 and provision for disaster lossesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2022-Q2Disaster loss provision balance is zeroAnnual report
「Disaster loss provision 134 -」
The disaster loss provision, which stood at ¥134 million at the end of the previous consolidated fiscal year, fell to zero at the end of the second quarter of the current consolidated fiscal year. The statement of cash flows also shows a ¥134 million decrease. - FY2021RestatedAnnual report
「Provision for disaster loss」
The company recognized ¥134 million during the fiscal year in relation to the disaster loss provision for equipment damage and other losses caused by Typhoons No. 15 and 19, and continues its disaster response efforts. - FY2020-Q3Added Typhoon No. 19Annual report
「In preparation for the estimated costs of restoring facilities and other expenses arising from damage to facilities caused by Typhoon No. 15 in September 2019 and Typhoon No. 19 in October, the estimated amount of the expected loss was recognized.」
In addition to the existing coverage of Typhoon No. 15, the company has included equipment damage caused by Typhoon No. 19 and recognized an estimate of the expected losses, including recovery costs. - FY2020-Q2First statedAnnual report
「In preparation for the estimated costs of restoring facilities and other expenses arising from damage to facilities caused by Typhoon No. 15 in September 2019, the estimated amount of the expected loss was recognized.」
In response to equipment damage and other losses caused by Typhoon No. 15, the company recognized the estimated losses, including recovery costs, as a disaster loss provision. The quarterly consolidated income statement includes a ¥19 million provision for disaster losses, while the quarterly consolidated balance sheet includes a ¥19 million disaster loss provision.