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Arigatou Services (3177) · RiskCited as achieved

Store Damage, Suspension of Operations and Disaster Losses from the July 2018 Torrential Rains

First written in FY2019-Q2. 2 of 4 entries say "Restated". Latest entry: FY2020.

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ProgressHeldSoftenedWorseMaterialisedFY2019-Q2RestatedFY2019-Q3 – FY20202018: 120182019: 220192020: 12020
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Disaster losses from the Northern Osaka Earthquake and the July 2018 Heavy RainsA theme 7 companies write about · 7 as a headwind · 0 as a tailwind

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  1. FY2020Cited as achievedAnnual report

    「Insurance proceeds were recorded in relation to one of our stores in the Ozu area of Ehime Prefecture that was damaged by the July 2018 torrential rains that occurred in early July 2018.」

    The July 2018 torrential rains were disclosed in connection with insurance proceeds related to past damage, rather than as new damage.
  2. FY2019RestatedAnnual report

    「In the food service business, two stores in Ozu City, Ehime Prefecture, were forced to close for approximately one month due to the July 2018 torrential rains. As a result, revenue was ¥2,471 million, down 12.9% from the previous fiscal year, and segment profit (operating profit) was ¥65 million, down 33.9%.」

    The approximately one-month closure of two stores in Ozu City due to the July 2018 torrential rains was again identified as a factor behind the food service business's full-year decline in revenue and profit.
  3. FY2019-Q3RestatedAnnual report

    「The two stores in Ozu City, Ehime Prefecture, were forced to close for approximately one month due to the July 2018 torrential rains. As a result, revenue was ¥1,840 million, down 13.2% year on year, and segment profit (operating profit) was ¥32 million, down 51.1%.」

    The Company again disclosed the impact of the approximately one-month closure of two stores in Ozu City due to the July 2018 torrential rains on lower revenue and profit in the food service business.
  4. FY2019-Q2MaterialisedAnnual report

    「Repair costs and other expenses were recorded for store equipment at two of our stores in the Ozu area of Ehime Prefecture and one store in the Kurume area of Fukuoka Prefecture that were damaged by the July 2018 torrential rains that occurred in early July 2018.」

    Three stores suffered equipment damage from the July 2018 torrential rains, and repair costs and other expenses were recorded. Two stores in Ozu City, Ehime Prefecture, were forced to close for approximately one month, and a disaster loss of ¥1 million was recorded as an extraordinary loss.
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Store Damage, Suspension of Operations and Disaster Losses from the July 2018 Torrential Rains | ARIGATOU SERVICES COMPANY,LIMITED (3177) | Komori