Fire at the Office and Administration Building of an Overseas Consolidated Subsidiary in the Philippines
First written in FY2017-Q3. 1 of 3 entries say "Materialised", first in FY2017. Latest entry: FY2018-Q3.
No other company in this theme has enough history to compare yet.
- FY2018-Q3MitigatedAnnual report
「Despite this, ordinary profit and net income attributable to owners of the parent for the quarter both increased year on year, owing to lower foreign exchange losses and the receipt of insurance proceeds related to a fire at an overseas subsidiary in the previous fiscal year.」
The company received insurance proceeds for the overseas subsidiary fire that occurred in the previous fiscal year, mitigating the fire's impact on earnings. - FY2017MaterialisedAnnual report
「The recognition of impairment losses on certain stores, losses from the fire at consolidated subsidiary Lamon Bay Furniture Corp. and foreign exchange losses on loans to the subsidiary also contributed to the decline in profit.」
The company stated that the fire at its Philippine subsidiary in the previous quarter was an actual factor in the annual earnings decline, with a fire-related loss of ¥60.182 million. - FY2017-Q3First statedAnnual report
「Meanwhile, a fire broke out on 12 September 2016 at the office and administration building of the company's overseas consolidated subsidiary Lamon Bay Furniture Corp. in the Republic of the Philippines. Although there were no injuries, the fire caused ¥60.332 million in damage to inventory, equipment and fixtures, which was recorded as an extraordinary loss.」
A fire actually occurred at the Philippine overseas consolidated subsidiary. Although there were no injuries, inventory, equipment and fixtures sustained ¥60.332 million in damage.