Natural disasters affecting areas with concentrated store locations and manufacturers’ production bases
First written in FY2016. 3 of 11 entries say "Restated". Latest entry: FY2024.
WILLPLUS Holdings moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 10 of 24 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「In response to such disasters and other events, the Group promptly responds in emergencies by establishing an emergency response headquarters under its Risk Management Rules. It has also established a Risk Management and Compliance Committee and put in place a framework to minimize losses in corporate value.」
A response framework combining the emergency response headquarters and the RMC Committee has been established for natural disasters, shutdowns at manufacturers’ production facilities, infectious diseases and other risks. - FY2023MitigatedAnnual report
「Risks related to natural disasters and other aspects of climate change are managed as follows by the Risk Management Committee, whose objectives are to maintain business continuity, protect corporate assets and fulfill social responsibilities.」
A management framework was established for natural disasters, infectious diseases and supply-facility shutdowns, including scenario analysis, assessment of risks by time horizon and diversification of vehicle storage locations. - FY2022MitigatedAnnual report
「In response to such disasters and other events, the Group promptly responds in emergencies by establishing an emergency response headquarters under its Crisis Management Rules. In December 2021, it established a Risk Management Committee and put in place a framework to minimize losses in corporate value.」
In response to the risks of natural disasters, infectious diseases and supply-facility shutdowns, the Group further developed its response framework by establishing a Risk Management Committee in addition to the emergency response headquarters. - FY2021WorsenedAnnual report
「If the Group’s stores are affected by a major natural disaster such as an earthquake, flood or typhoon, it may become difficult to continue operations. In particular, if a major earthquake or other event occurs in the Kanto region, where the Group’s stores are concentrated, the Group’s financial results could be affected. In addition, if a major natural disaster or conflict occurs at a manufacturer’s production facility, the supply of new vehicles from the importer could be delayed, potentially affecting the Group’s financial results. Furthermore, if the movement of people or goods is restricted by an infectious disease outbreak or other event, the Group’s financial results could be affected.」
Climate change was expressly identified in the risk heading, and the scope was organized to cover natural disasters, supply stoppages at manufacturers’ production facilities and movement restrictions caused by infectious diseases. Strengthening business continuity was also additionally emphasized as an issue. - FY2020MaterialisedAnnual report
「Since the third quarter, our Group has also been affected by the temporary closure of overseas production plants for brands we handle, delays in product arrivals, fewer visitors and the cancellation or postponement of exhibitions and promotional events, making it difficult to forecast the impact going forward.」
In addition to the risk of natural disasters and damage to supply facilities, the actual impacts included restrictions on the movement of people and goods, plant closures, delivery delays and declining customer visits due to infectious diseases. - FY2020-Q3MaterialisedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan’s economy continued to show gradual improvement in employment and income conditions. However, the outlook remained extremely uncertain due to the consumption-tax increase, declining consumer sentiment resulting from the frequent occurrence of typhoons and other natural disasters, and the global pandemic risk posed by the novel coronavirus.」
It was stated that the frequent occurrence of typhoons and other natural disasters led to a decline in consumer sentiment, meaning that the demand-side impact of natural-disaster risk actually occurred. - FY2019RestatedAnnual report
「If a major earthquake or other event occurs in the Kanto region, where the Group’s stores are concentrated, the Group’s financial results could be affected. In addition, if a major natural disaster or conflict occurs at a manufacturer’s production facility, the supply of new vehicles from the importer could be delayed, potentially affecting the Group’s financial results.」
Continued the risk of business-continuity disruption if areas with concentrated stores are affected by a disaster and the risk of supply delays caused by disasters or conflicts at manufacturers’ production facilities. - FY2019-Q1MaterialisedAnnual report
「New registrations of foreign-brand vehicles declined to 76,312 units, down 0.8% from the same period of the previous year, due to a transition period between popular models and consumers postponing purchases following natural disasters in Japan.」
It was stated that natural disasters occurring in Japan led to a decline in new-vehicle registrations through consumer restraint, meaning that the demand-side impact of natural-disaster risk actually occurred. - FY2018RestatedAnnual report
「If a major earthquake or other event occurs in the Kanto region, where the Group’s stores are concentrated, the Group’s financial results could be affected. In addition, if a major natural disaster or conflict occurs at a manufacturer’s production facility, the supply of new vehicles from the importer could be delayed, potentially affecting the Group’s financial results.」
Restated the risk of business-continuity disruption if areas with concentrated stores are affected by a disaster and the risk of supply delays caused by disasters or conflicts at manufacturers’ production facilities. - FY2017RestatedAnnual report
「If a major earthquake or other event occurs in the Kanto region, where the Group’s stores are concentrated, the Group’s financial results could be affected. In addition, if a major natural disaster or conflict occurs at a manufacturer’s production facility, the supply of new vehicles from the importer could be delayed, potentially affecting the Group’s financial results.」
Restated the risk of business-continuity disruption if areas with concentrated stores are affected by a disaster and the risk of supply delays caused by disasters or conflicts at manufacturers’ production facilities. - FY2016First statedAnnual report
「If a major earthquake or other event occurs in the Kanto region, where the Group’s stores are concentrated, the Group’s financial results could be affected. In addition, if a major natural disaster or conflict occurs at a manufacturer’s production facility, the supply of new vehicles from the importer could be delayed, potentially affecting the Group’s financial results.」
Identified the risk of business-continuity disruption due to the concentration of stores and the risk of supply delays on the manufacturers’ side.