Business Continuity Risks Arising from Natural Disasters, System Failures, Terrorism, Infectious Diseases, and Other Events
First written in FY2016. 4 of 12 entries say "Mitigated", first in FY2021. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 22 of 49 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「During the three-month consolidated period under review (1 April 2023 to 30 June 2023), the legal classification of COVID-19 was changed, the recovery in foot traffic continued, and efforts to explore the new normal accelerated.」
The Company describes the change in COVID-19's legal classification, the recovery in foot traffic and the transition to the new normal, assessing the impact of COVID-19 on business continuity as easing. - FY2023-Q2MitigatedAnnual report
「During the six-month consolidated period under review (1 April 2022 to 30 September 2022), while normalization from the COVID-19 pandemic progressed, soaring prices for resources, raw materials and food resulting from the Russia-Ukraine conflict, as well as a rapid depreciation of the yen resulting from differences in monetary and fiscal policies in Japan, the United States and Europe aimed at addressing labor shortages and controlling inflation, had an extremely significant impact on household consumption and corporate investment.」
The Company states that normalization from the COVID-19 pandemic is progressing, and business continuity risks attributable to infectious diseases have been assessed as easing compared with the previous filing. Meanwhile, other downside factors affecting the economy remain. - FY2022-Q3MitigatedAnnual report
「Although the COVID-19 pandemic is unlikely to end for the time being, its impact is limited and it is not significantly disrupting the business.」
Although vigilance regarding infectious disease risks and variants is continuing, the Company continues to judge that the impact on the business will be limited and will not cause any significant disruption, based on the normalization of online and in-person sales, remote development and working from home. - FY2021MitigatedAnnual report
「The COVID-19 pandemic is unlikely to subside for the time being, but is not causing any significant disruption to the business.」
Although infectious disease risk itself is continuing, the Company assumes that there will be no significant disruption to the business in the following fiscal year, based on the normalization of telework, BCP, online and in-person sales, and remote development. - FY2021-Q3WorsenedAnnual report
「The COVID-19 pandemic is unlikely to subside during the fiscal year.」
Following a third wave, the Company assumes that the impact of the COVID-19 pandemic will continue throughout the fiscal year, prolonging its effects on business continuity and orders. - FY2021-Q2WorsenedAnnual report
「It is difficult for the COVID-19 pandemic to subside within the year, and its impact will continue throughout the fiscal year.」
The Company revised its previous assumption that the COVID-19 pandemic would subside after the second quarter and recognizes that its impact will extend throughout the fiscal year. It also discloses delays in the recovery of orders from major customers and stagnation in sales opportunities. - FY2021-Q1WorsenedAnnual report
「In the worst-case scenario, there is a risk that a second wave of COVID-19 will also occur in the second half of the fiscal year, resulting in continued order declines due to further reviews and changes to customers' IT investment plans, project cancellations, suspensions and delays, and ongoing delays in business opportunities, which would materially affect operating results.」
The impact of infectious diseases is continuing, and the Company assumes that business activity will be constrained by a second wave. It is proceeding with its response by using telework systems, BCP measures and other measures. - FY2020MaterialisedAnnual report
「Assuming that threats such as a pandemic (worldwide spread), clusters (groups of infected people), an overshoot (an explosive increase in patients) and lockdowns (city closures) resulting from the spread of infectious diseases may materialize, the Company Group established a basic policy for an action plan concerning novel influenza in order to respond promptly to emergencies. It is fulfilling its duty of care to ensure that stakeholders are not exposed to infection risks, while working to introduce BCP measures and telework systems suited to the Company Group's business formats and actual circumstances.」
Infectious disease risk is disclosed as a separate item, with measures such as BCP and telework systems described on the assumption that the COVID-19 pandemic would occur. - FY2019RestatedAnnual report
「If external threats such as natural disasters, including earthquakes, storms and floods, accidents such as fires, major system failures, the closure of business locations due to infectious diseases, physical or cyber terrorism, and other events materialize, business continuity may be disrupted in terms of securing business locations and offices, personnel and safety, potentially affecting the operating results and other aspects of the Company Group.」
The Company continues to disclose business continuity risks arising from natural disasters, system failures, terrorism, infectious diseases and other events. - FY2019-Q3RestatedAnnual report
「During the nine-month consolidated period under review, there were numerous concerns, including economic uncertainty arising from overseas conditions, trends in foreign exchange and equity markets, and natural disasters. However, supported by a recovery in personal consumption, resilient inbound demand and improved corporate profitability, the business environment has remained on a recovery trend.」
There is no disclosure of any significant change in or occurrence of business continuity risks arising from external threats such as natural disasters. - FY2018RestatedAnnual report
「If external threats such as natural disasters, including earthquakes, storms and floods, accidents such as fires, major system failures, the closure of business locations due to infectious diseases, physical or cyber terrorism, and other events materialize, business continuity may be disrupted in terms of securing business locations and offices, personnel and safety, potentially affecting the operating results and other aspects of the Company Group.」
The Company continues to disclose business continuity risks arising from natural disasters, system failures, terrorism, infectious diseases and other events. - FY2016First statedAnnual report
「If external threats such as natural disasters, including earthquakes, storms and floods, accidents such as fires, major system failures, the closure of business locations due to infectious diseases, physical or cyber terrorism, and other events materialize, business continuity may be disrupted in terms of securing business locations and offices, personnel and safety, potentially affecting the operating results and other aspects of the Company Group.」
The Company also states its policy of establishing business continuity plans, emergency risk management plans and a task force to respond to serious incidents.