Business Continuity Risk from Major Earthquakes and Other Disasters
First written in FY2017. 2 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2026.
TOKAI Holdings moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2018: 21 of 93 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「A major disaster such as an earthquake, typhoon or flood exceeding expectations could cause extensive damage to the personnel and facilities of the Group. If the resulting inability to secure electricity essential to business continuity, prolonged disruptions to telecommunications lines or other services, or prolonged interruptions to transport infrastructure such as roads were to impede the maintenance and continuation of operations, this could affect the Group's business.」
The disclosure specifically identified the ongoing risk of major disasters, including Nankai Trough and Tokyo inland earthquakes as well as wind and flood damage, and prolonged infrastructure disruptions. - FY2024WorsenedAnnual report
「The intensification of natural disasters such as storm surges and typhoons associated with abnormal weather is expected to cause damage to our facilities, energy supply equipment and supply chain, as well as disruptions to business activities caused by damage suffered by customers.」
The TCFD scenario analysis specifically identified the impact of intensifying natural disasters on facilities, supply equipment and the supply chain. - FY2017First statedAnnual report
「A major disaster such as an earthquake could cause extensive damage to the personnel and facilities of the Group. If the resulting inability to secure electricity essential to business continuity, prolonged disruptions to telecommunications lines or other services, or prolonged interruptions to transport infrastructure such as roads were to impede the maintenance and continuation of operations, this could affect the Group's operating results and financial position.」
Major earthquakes anticipated in Shizuoka and the Kanto region, together with prolonged interruptions to power, communications and roads, were identified as business continuity risks.