Risk of Production Shutdowns Due to Natural Disasters
First written in FY2016. 8 of 19 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 37 of 133 companies on the "Worse" side.
- FY2026RestatedAnnual report
「To prepare for such events, the Group is developing and operating business continuity plans, conducting regular training, and reviewing the plans at the company-wide level in order to fulfil its responsibility to deliver products.」
The Group continues to address the risk of production stoppages caused by natural disasters and severe infectious diseases through the development, operation, training and review of its BCP. - FY2025RestatedAnnual report
「Although social and economic activity has largely returned to normal, the Group's operating results and financial position may be adversely affected if virus mutations or the emergence and spread of a new severe infectious disease occur.」
While stating that the impact of COVID-19 on social and economic activity had normalised, the Group continues to disclose the risk of virus mutations and the emergence and spread of new severe infectious diseases. - FY2025-H1MaterialisedAnnual report
「Sales of the mainstay sound absorption and sound insulation materials declined due to the suspension of production of certain vehicle models by domestic automakers, factory shutdowns caused by typhoons, and sluggish sales in Asia, including China, amid the expansion of the EV market. Segment revenue was ¥20.370 billion, down 3.7% year on year.」
A typhoon-related factory shutdown actually occurred and was cited as a factor behind the decline in sales of core products in the automotive products business. - FY2023RestatedAnnual report
「To prepare for such events, the Group is developing and operating business continuity plans, conducting regular training, and reviewing the plans at the company-wide level in order to fulfil its responsibility to deliver products.」
The Group continues to address the risk of production stoppages caused by major disasters and severe infectious diseases through the development, operation, training and review of its BCP. - FY2022RestatedAnnual report
「To prepare for such events, the Group is developing and operating business continuity plans, conducting regular training, and reviewing the plans at the company-wide level in order to fulfil its responsibility to deliver products.」
The Group continues to address the risk of production stoppages caused by major disasters and severe infectious diseases through the development, operation, training and review of its BCP. - FY2022-Q3MitigatedAnnual report
「During the third quarter cumulative period, production and sales in the Group's automotive products business recovered from the second quarter cumulative period as demand for new vehicles from the major automotive manufacturers that are its principal customers began to recover.」
While the impact of lower demand and production stoppages caused by infectious diseases remained, production and sales in the automotive products business recovered from the second quarter cumulative period, indicating a partial easing of the impact. - FY2022-Q2MitigatedAnnual report
「Although concerns remain about the impact of the novel coronavirus disease and declining vehicle production due to semiconductor shortages during the second quarter cumulative period, orders and production have recovered compared with the same period of the previous year.」
Orders and production in the automotive products business recovered from the impact of infectious diseases on orders and production in the same period of the previous year. However, concerns about lower production due to infectious diseases and semiconductor shortages remain. - FY2022-Q1MitigatedAnnual report
「Orders and production recovered compared with the same period of the previous year, which was significantly affected by the novel coronavirus disease」
Orders and production in the automotive products business recovered from the impact of infectious diseases on orders and production in the same period of the previous year. - FY2021MaterialisedAnnual report
「If any of the Group's sites is affected by a major earthquake or other disaster, or if the spread of a severe infectious disease or other event makes production or operations difficult, the Group's operating results and financial position may be adversely affected.」
Factory shutdowns and lower production caused by infectious diseases actually occurred, and the previously disclosed risk of production stoppages was reflected in full-year results. - FY2021-Q3MaterialisedAnnual report
「In addition to lower production volumes at major automotive customers, the impact of a temporary factory shutdown at a consolidated subsidiary located in Wuhan, China, to prevent the spread of infectious diseases resulted in a substantial decline in revenue during the second quarter cumulative period. Segment revenue was ¥2,343.4 million, down 23.2% year on year.」
The Wuhan subsidiary's factory shutdown to prevent the spread of infectious diseases and lower production volumes at major customers continued to affect the automotive products business as a decline in revenue through the third quarter cumulative period. - FY2021-Q2MaterialisedAnnual report
「In addition to lower production volumes at major automotive customers, a consolidated subsidiary located in Wuhan, China, temporarily suspended factory operations during the first quarter cumulative period to prevent the spread of infectious diseases. As a result, orders and production declined substantially year on year, despite exceeding the initial plan」
Factory shutdowns to prevent the spread of infectious diseases actually occurred, resulting in a substantial decline in orders and production. - FY2021-Q1MaterialisedAnnual report
「The decline in revenue from the automotive products business due to temporary factory shutdowns and other measures to prevent the spread of infectious diseases was substantial」
The production and operating difficulties caused by infectious diseases, which had previously been disclosed as a risk, materialised as actual factory shutdowns and a decline in revenue. - FY2020WorsenedAnnual report
「If any of the Group's sites is affected by a major earthquake or other disaster, or if the spread of a severe infectious disease or other event makes production or operations difficult, the Group's operating results and financial position may be adversely affected.」
The risk scope was broadened by explicitly adding difficulties in production and operations caused by the spread of severe infectious diseases to the existing risk of production stoppages caused by natural disasters. - FY2019RestatedAnnual report
「Business continuity plans have been formulated for the inland earthquake directly beneath the Tokyo metropolitan area and the Tokai, Tonankai, and Nankai earthquakes, which are expected to occur with a high probability, in order to fulfill delivery obligations. However, the possibility of unforeseen events cannot be ruled out, and depending on their nature, they could affect the Group's operating results and financial position.」
The risk of production stoppages caused by natural disasters and the inability of business continuity plans to eliminate unforeseen events are reconfirmed. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained on a gradual recovery path, supported by improvements in corporate earnings and employment conditions, although concerns arose over stagnation due to rising costs, including raw material prices, and a succession of natural disasters.」
A succession of natural disasters continues to be explicitly identified as a factor raising concerns over economic stagnation. There is no statement that any of the Company's facilities were affected or that production stoppages occurred. - FY2019-Q2WorsenedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained on a gradual recovery path, supported by improvements in corporate earnings and employment conditions, although concerns arose over stagnation due to rising costs, including raw material prices, and a succession of natural disasters.」
A succession of natural disasters was explicitly identified as a factor raising concerns over economic stagnation. There is no statement that any of the Company's facilities were affected or that production stoppages occurred. - FY2018RestatedAnnual report
「Business continuity plans have been formulated for the inland earthquake directly beneath the Tokyo metropolitan area and the Tokai, Tonankai, and Nankai earthquakes, which are expected to occur with a high probability, in order to fulfill delivery obligations. However, the possibility of unforeseen events cannot be ruled out, and depending on their nature, they could affect the Group's operating results and financial position.」
The risk of production stoppages caused by natural disasters and the inability of business continuity plans to eliminate unforeseen events are reconfirmed. - FY2017RestatedAnnual report
「If any of the Group's facilities is affected by a disaster such as an earthquake, making production or operations difficult, this could adversely affect the Group's operating results and financial position. Business continuity plans have been formulated for the inland earthquake directly beneath the Tokyo metropolitan area and the Tokai, Tonankai, and Nankai earthquakes, which are expected to occur with a high probability, in order to fulfill delivery obligations. However, the possibility of unforeseen events cannot be ruled out, and depending on their nature, they could affect the Group's operating results and financial position.」
The risk of production stoppages caused by natural disasters and the inability of business continuity plans to eliminate unforeseen events are reiterated. - FY2016First statedAnnual report
「If any of the Group's facilities is affected by a disaster such as an earthquake, making production or operations difficult, this could adversely affect the Group's operating results and financial position.」
A business continuity plan has been formulated with an inland earthquake directly beneath the Tokyo metropolitan area and similar events in mind, while stating that unforeseen events may also occur.