Impact of natural disasters, accidents and infectious diseases on owned properties and hotel operations
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 2 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「As a general rule, the Group selects and acquires properties that comply with the New Earthquake Resistance Standards. Before acquiring a property, it works to reduce risk by checking hazard maps and conducting interviews with government offices and other relevant parties.」
The Group continues to use the New Earthquake Resistance Standards, hazard maps and interviews with government authorities as measures to address property damage and lower demand caused by natural disasters and accidents. - FY2024RestatedAnnual report
「As a general rule, the Group selects and acquires properties that comply with the New Earthquake Resistance Standards. Before acquiring a property, it works to reduce risk by checking hazard maps and conducting interviews with government offices and other relevant parties.」
The Group continues to use the New Earthquake Resistance Standards, hazard maps and interviews with government authorities as measures to address property damage and lower demand caused by natural disasters and accidents. - FY2021MitigatedAnnual report
「As a general rule, the Company selects and acquires properties that comply with the New Earthquake Resistance Standards. Before acquiring a property, it works to reduce risk by checking hazard maps and conducting interviews with government offices and other relevant parties.」
As measures to address the risk of property damage and lower demand caused by natural disasters and accidents, the Company explicitly identifies selecting properties that comply with the New Earthquake Resistance Standards, checking hazard maps and interviewing government authorities. - FY2020WorsenedAnnual report
「If food poisoning occurs at an accommodation facility operated by the Company, or an infectious disease spreads in a nearby area, the resulting decline in guests, suspension of operations and other effects could reduce sales and affect the Company's operating results and other aspects of its business.」
In addition to the existing risks from natural disasters and accidents, the Company explicitly describes declines in guests and suspension of operations caused by food poisoning at accommodation facilities and outbreaks of infectious diseases in the region. - FY2019First statedAnnual report
「The Company operates primarily in the Tokyo metropolitan area and the three surrounding prefectures (Tokyo, Kanagawa, Saitama and Chiba), as well as in Iwate and Miyagi prefectures. Fires, explosions, lightning strikes, wind, hail and snow damage, flooding, earthquake-related fires, earthquake-related explosions, earthquake-related collapse, volcanic eruptions, tsunamis, electrical or mechanical accidents, other accidental or unforeseeable incidents, war, riots, civil unrest, terrorism and other disasters in these areas could result in the loss of, deterioration of or damage to the Company's property held for sale, hotels and other sublease properties, potentially affecting its operating results and other aspects of its business.」
The Company describes the risk of damage to, and lower demand for, property held for sale, hotels and sublease properties in the Tokyo metropolitan area and Tohoku due to natural disasters, accidents and social disasters.