Risk of lost business opportunities due to natural disasters, accidents and extreme weather
First written in FY2016. 3 of 9 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2023.
J.Front Retailing 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 2018: 21 of 93 companies on the "Worse" side.
29 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Based on an analysis of the response to COVID-19, the Group will respond to any future outbreak of a new infectious disease in accordance with its New Infectious Disease Response Manual. The manual sets out measures to protect human life, minimize the impact on business, and establish systems for normal operations.」
The response to natural disaster and epidemic risks was made more concrete through the development of a New Infectious Disease Response Manual, in addition to BCP training and business continuity systems. - FY2022WorsenedAnnual report
「Earthquake risk is increasing, as reflected by the raised probability of a Nankai Trough earthquake in January 2022. Partly due to the impact of global warming, natural disasters caused by typhoons and torrential rain are increasing each year in both frequency and scale of damage.」
Regarding natural disaster risk, the raised probability of a Nankai Trough earthquake and the increasing frequency and scale of damage from typhoons and torrential rain were explicitly identified. - FY2021WorsenedAnnual report
「A pandemic, or worldwide outbreak, such as COVID-19 is said to occur once every 100 years. However, given the global environment and the globalization of the economy, we believe we must assume that another pandemic could occur in the near future.」
The possibility of another pandemic was explicitly added to the risks of natural disasters and abnormal weather and positioned as a significant risk that could threaten the Company's survival. - FY2020WorsenedAnnual report
「Natural disasters such as typhoons and torrential rain caused by climate change resulting from global warming, as well as earthquakes, have rapidly increased in both frequency and scale of damage over the past several years.」
Regarding natural disaster risk, it was stated that the frequency and scale of damage from typhoons, torrential rain, and earthquakes have rapidly increased over the past several years. - FY2020-Q3MaterialisedAnnual report
「During the first 3 quarters of the consolidated fiscal year, the Japanese economy was unstable and lacked strength, with fluctuations in personal consumption resulting from the effects of a major typhoon, front-loaded spending ahead of the consumption tax increase and the subsequent reaction after the increase.」
The document states that a major typhoon actually affected personal consumption and the business environment, providing a new example of natural disaster risk materializing. - FY2019-Q3MaterialisedAnnual report
「Typhoon Jebi in early September, the Hokkaido Eastern Iburi earthquake, and Typhoon Trami at the end of the month temporarily had a negative impact on earnings due to the temporary closure of some stores and a decline in inbound demand.」
Typhoons and the earthquake actually resulted in temporary closures of some stores and a decline in demand from inbound visitors, becoming negative factors for earnings. - FY2019-Q2MaterialisedAnnual report
「In the department store business, some stores were affected by weather-related disasters such as torrential rain and typhoons. However, cosmetics, luxury brands, and high-end watches, particularly those purchased by inbound visitors, continued to perform well.」
It is stated that weather-related disasters such as torrential rain and typhoons actually affected operations and sales at some stores. - FY2017RestatedAnnual report
「Earthquakes, floods, typhoons, and other natural disasters, unexpected accidents, and outbreaks of novel influenza may result in lost business opportunities or disrupt the execution of operations.」
The risk of losing business opportunities due to natural disasters, accidents, infectious diseases, and abnormal weather has been reaffirmed. - FY2016First statedAnnual report
「Earthquakes, floods, typhoons, and other natural disasters, unexpected accidents, and outbreaks of novel influenza may result in lost business opportunities or disrupt the execution of operations.」
The impact of natural disasters, accidents, infectious diseases, and warm winters or cool summers on operations and product sales is identified as a risk.