Natural Disaster and Accident Risks Arising from Concentration of Core Stores
First written in FY2016. 3 of 8 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
Isetan Mitsukoshi Holdings moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 7 of 16 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group has established response systems for both normal and emergency conditions, based on a fundamental policy of prioritizing the safety of human life and minimizing the impact on business continuity, business performance and financial condition in preparation for natural disasters, infectious disease outbreaks, fires, conflicts and other events.」
It continues to outline response systems, including BCPs, training and safety confirmation procedures, for complex disaster risks such as earthquakes, typhoons and floods, volcanic eruptions at Mount Fuji, missile attacks and infectious diseases. - FY2025WorsenedAnnual report
「If a major earthquake, such as an earthquake directly beneath the Tokyo metropolitan area or along the Nankai Trough, occurs, human casualties among customers and employees, physical damage to buildings, equipment and merchandise, impacts on social infrastructure such as power outages, gas and water stoppages, and, in the event of an accident such as a nuclear power plant shutdown caused by earthquake tremors or a tsunami, radioactive contamination of food could affect business operations.」
It organizes natural disaster risks as a complex disaster risk encompassing earthquakes, typhoons, floods, volcanic eruptions at Mount Fuji, missile attacks, infectious diseases, supply chain disruptions and food contamination. - FY2022WorsenedAnnual report
「In addition, as the global environment has changed in recent years, cases of increasingly severe disasters and damage caused by typhoons and torrential rains have become more frequent. Flooding, inundation and strong winds could damage customers, employees and buildings, and could cause operating losses through business suspensions.」
Regarding natural disaster risks associated with the concentration of core stores, it adds the increasing severity of typhoons and torrential rains and their damage, as well as impacts on logistics and supply networks. - FY2020MaterialisedAnnual report
「The business fell significantly below the previous year's results on an existing-store basis, substantially affected by the aftereffects of a larger-than-expected consumption tax increase, typhoons, and store closures and shortened operating hours implemented as measures against COVID-19.」
It states that store closures and shortened operating hours resulting from typhoons and infectious disease countermeasures affected actual store performance. - FY2020-Q3MaterialisedAnnual report
「In the retail industry, point-reward programs for customers using cashless payments were introduced, and some sectors, including convenience stores, did not experience a significant decline after the initial surge in demand. However, the department store industry is facing a challenging environment due to the consumption tax rate increase, sluggish inbound demand resulting from slower growth in visitors to Japan, particularly from South Korea, temporary closures caused by successive typhoons, and difficult winter-goods sales due to the unusually warm winter.」
Temporary department store closures caused by a succession of typhoons are cited as an actual impact on the business environment, indicating that natural disaster risks have materialized. - FY2019-Q2MaterialisedAnnual report
「Consumer sentiment fell sharply, particularly in areas that suffered extensive damage from a succession of natural disasters, including the torrential rains in western Japan in July, the Hokkaido Eastern Iburi earthquake in September and Typhoon Jebi.」
Natural disasters actually occurred and affected the business environment through a decline in consumer sentiment in heavily affected areas. - FY2017RestatedAnnual report
「However, if a major earthquake directly beneath the Tokyo metropolitan area occurs, the Group, whose core stores are concentrated in the region, could suffer extensive damage to employees, buildings and other assets, potentially seriously adversely affecting business performance and financial condition.」
It continues to describe natural disaster and accident risks arising from the concentration of core stores in the Tokyo metropolitan area, along with responses such as business continuity plans. - FY2016First statedAnnual report
「If a major earthquake directly beneath the Tokyo metropolitan area occurs, the Group, whose core stores are concentrated in the region, could suffer extensive damage to employees, buildings and other assets, potentially seriously adversely affecting business performance and financial condition.」
Against a backdrop of its store-based business and concentration of core stores in the Tokyo metropolitan area, it also describes measures such as formulating business continuity plans.