Impact of Earthquake Disasters and Terrorism on Business Sites, Logistics and Procurement
First written in FY2017. 3 of 6 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2020.
Natori moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 74 of 116 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「Damage to our business sites caused by natural disasters such as earthquakes and typhoons, delays in logistics networks, shortages in raw material procurement, declines in factory production capacity and productivity due to restrictions on electricity use, reputational damage, supply chain disruptions, employees being unable to commute due to transportation network paralysis, and restrictions on and disruption to logistics networks associated with large-scale events could result in unforeseen events affecting our procurement, production and sales.」
The existing risks related to earthquakes and natural disasters were reorganized into broader unforeseen-event risks affecting business continuity, including impacts associated with transportation networks, large-scale events and infectious disease outbreaks. - FY2019MaterialisedAnnual report
「Loss from disasters 42,151」
Regarding natural disaster risk, a loss from disasters of ¥42.151 million was recognized as an extraordinary loss during the consolidated fiscal year under review. - FY2019-Q3MaterialisedAnnual report
「While the domestic economy during the six-month consolidated period under review continued to benefit from strong corporate earnings, uncertainty about the outlook widened due to labor shortages, various effects associated with the appearance of a trade war, high crude oil prices and a succession of natural disasters. Loss from disasters 42,151」
A succession of natural disasters was identified as an external environmental factor, and a loss from disasters of ¥42.151 million was recognized in the quarterly consolidated income statement. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, although corporate earnings in Japan continued to perform well, uncertainty about the outlook increased due to labour shortages, various effects arising from the appearance of a trade war, higher crude oil prices and a succession of natural disasters.」
A succession of natural disasters was identified as an external environmental factor, and a loss from disasters of ¥42.151 million was recognized in the income statement. - FY2018RestatedAnnual report
「We work to minimize risks associated with earthquakes, including by diversifying our suppliers and conducting radiation inspections. However, if an event beyond the company’s ability to respond, including terrorism, occurs, it could affect the operating results and financial condition of our group.」
The impact of earthquakes and terrorism on business sites, logistics and procurement continues to be identified as a risk, with supplier diversification and radiation inspections described as countermeasures. - FY2017First statedAnnual report
「Damage to our business sites caused by an earthquake or a nuclear accident resulting from an earthquake, delays in logistics networks, shortages in raw material procurement, declines in factory production capacity and productivity due to restrictions on electricity use, the expansion of areas contaminated by radioactive materials, reputational damage relating to contaminated water and radioactive contamination, and supply chain disruptions could result in unforeseen events affecting our procurement, production and sales.」
The disclosure lists the impact of earthquakes, nuclear accidents and terrorism on production, logistics, raw material procurement and sales as risks.