Business continuity risks from earthquakes, fires, terrorism and war
First written in FY2017. 4 of 12 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2020: 69 of 112 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- FY2024Recognized a gain on insurance proceeds exceeding the fire lossAnnual report
「Gain on insurance proceeds - 103,160」
For the Yamagata Plant fire, the Company recognized a ¥103.160 million gain on insurance proceeds, after deducting the damage and accident-related costs, under extraordinary income for the current fiscal year after the amount of insurance proceeds was determined. The ¥47.571 million fire loss recognized in the previous fiscal year was not recognized in the current fiscal year. - FY2024-Q3Fire insurance proceeds determined; gain on insurance proceeds to be recognizedAnnual report
「The amount of insurance proceeds relating to the fire that occurred at the Company's Yamagata Plant on 6 October 2022 was determined on 16 January 2024. Accordingly, the Company plans to recognize ¥103 million, representing the insurance proceeds less the damage and accident-related costs, as a gain on insurance proceeds under extraordinary income for the fourth quarter of the fiscal year ending March 2024.」
The Company disclosed that the amount of insurance proceeds for the Yamagata Plant fire had been determined and that ¥103 million, after deducting the damage and accident-related costs, was scheduled to be recognized as a gain on insurance proceeds. - FY2024-Q2MitigatedAnnual report
「The restoration work on the manufacturing line was completed in August 2023.」
The Company disclosed that restoration work on the manufacturing line following the Yamagata Plant fire was completed in August 2023. The amount of insurance proceeds to be received, however, has still not been determined. - FY2024-Q1RestatedAnnual report
「The restoration work on the manufacturing line is still ongoing, and additional losses may arise. However, as it is difficult to reasonably estimate the amount of the impact at this time, it has not been reflected in the quarterly consolidated financial statements.」
Restoration of the manufacturing line following the Yamagata Plant fire is ongoing, and the possibility of additional losses and the uncertainty over their amount of impact continue. - FY2023Recognized fire losses in the annual financial statementsAnnual report
「The ¥47.571 million loss from the fire recognized in the consolidated income statement for the current consolidated fiscal year consists of the damage and accident-related costs resulting from the fire that occurred at the Company's Yamagata Plant on 6 October 2022. The loss comprises losses from the destruction of property, plant and equipment and inventories.」
For the Yamagata Plant fire, ¥47.571 million in losses from the destruction of property, plant and equipment and inventories, among other items, was recognized in the annual financial statements. The amount of insurance proceeds to be received has not been determined. - FY2023-Q3MaterialisedAnnual report
「These are the damage and accident-related costs resulting from the fire that occurred at the Company's Yamagata Plant on 6 October 2022. They consist of losses from the destruction of property, plant and equipment and inventories. The damage and accident-related costs are covered by fire insurance, but the amount of insurance proceeds to be received has not been determined. Accordingly, no insurance proceeds have been recognized for the nine-month period of the current consolidated fiscal year.」
The fire previously described as a risk actually occurred, and ¥47.571 million in losses from the destruction of property, plant and equipment and inventories, among other items, was recognized. The insurance proceeds have not been determined, and the possibility of additional losses remains. - FY2023-Q2MaterialisedAnnual report
「On 6 October 2022, a fire occurred in part of the production equipment and other facilities at the Company's Yamagata Plant. The amount of damage and other details are currently being investigated, and it is difficult to make a reasonable estimate at this time.」
The fire previously described as a risk actually occurred in part of the production equipment and other facilities at the Yamagata Plant and was disclosed as a subsequent event. The amount of damage is still being investigated and has not been quantified. - FY2022MitigatedAnnual report
「These factors may adversely affect the Group's operating performance and financial condition. To prepare for such situations, the Group is taking measures including strengthening its crisis management framework and considering a BCP.」
The Company has identified strengthening its crisis management framework and considering a BCP as measures to address natural disaster, disease and business interruption risks. - FY2020WorsenedAnnual report
「If a natural disaster, severe weather, fire, terrorist attack, strike or war occurs in an area where the Group has business locations or business partners, or if disease or an infectious disease outbreak occurs and spreads, business continuity, including the procurement of raw materials and products, factory operations, order processing and product deliveries, is expected to be disrupted. If the domestic economy as a whole stagnates due to the declaration of a state of emergency or other events, the scope of the impact is also expected to expand.」
In addition to conventional risks such as natural disasters and war, the Company has specified the spread of diseases and infectious diseases and domestic economic stagnation caused by declarations of a state of emergency as business continuity risks. - FY2019RestatedAnnual report
「If a major disaster such as an earthquake, fire, terrorist attack or war occurs, business continuity, including the procurement of raw materials and products, factory operations, order processing and product deliveries, is expected to be disrupted.」
Business continuity risks affecting procurement, factory operations, order processing and deliveries due to natural disasters and other events continue to be disclosed. - FY2018RestatedAnnual report
「If a major disaster such as an earthquake, fire, terrorist attack or war occurs, business continuity, including the procurement of raw materials and products, factory operations, order processing and product deliveries, is expected to be disrupted.」
Business continuity risks affecting procurement, factory operations, order processing and deliveries due to natural disasters and other events continue to be disclosed. - FY2017First statedAnnual report
「If a major disaster such as an earthquake, fire, terrorist attack or war occurs in an area where the Group has business locations or business partners, business continuity, including the procurement of raw materials and products, factory operations, order processing and product deliveries, is expected to be disrupted. This may adversely affect the performance and financial condition of the Group.」
The impact of disasters and other events on raw material procurement, factory operations, order processing and deliveries is described as a business continuity risk.