Store Damage and Business Interruption Caused by Natural Disasters, Infectious Diseases and Other Events
First written in FY2016. 6 of 11 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2022.
Round One moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
13 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「In these circumstances, our group in Japan complied with requests from the government and local authorities to voluntarily restrict operations while thoroughly implementing measures to prevent infections. We worked to create an environment in which customers could use our facilities with confidence and to secure opportunities for them to visit.」
Voluntary restrictions and operating limitations caused by infectious diseases continued throughout the fiscal year, and business interruption risks caused by natural disasters and infectious diseases continued to materialize. - FY2022-Q2MaterialisedAnnual report
「In response to requests from the government and local authorities accompanying extensions of the state of emergency and other measures, we closed karaoke facilities and shortened their operating hours.」
Business restrictions caused by infectious diseases continued, and karaoke facilities in Japan were closed or operated with shortened hours. - FY2022-Q1Progression from closures caused by infectious diseases to the reopening of all U.S. storesAnnual report
「To expand our operating base in the United States, we opened the Vancouver store (Washington) in April 2021 and the Quail Springs store (Oklahoma) in June of the same year. As in the previous consolidated fiscal year, some stores remained temporarily closed due to state and county regulations, but all stores had resumed operations by the end of May 2021.」
Although U.S. store closures caused by infectious diseases continued during the current quarter, all stores had resumed operations by the end of May 2021. - FY2021Transition from closures caused by infectious diseases to the resumption of operationsAnnual report
「In response to the spread of COVID-19, all stores were temporarily closed from April 2020. While complying with requests from the government and local authorities, including requests to shorten operating hours, stores gradually resumed operations from mid-May, and all stores had resumed operations by early June of the same year.」
Business interruptions caused by infectious diseases actually occurred, and operations resumed after all domestic stores were closed. Restrictions such as shortened operating hours continued after the reopening. - FY2021-Q3MaterialisedAnnual report
「Of the 43 stores, 21 remain open despite restrictions such as reduced hours imposed by state and county governments, while 22 are temporarily closed.」
Business interruptions caused by infectious diseases continued, with 22 of 43 U.S. stores temporarily closed. - FY2021-Q2MaterialisedAnnual report
「In the United States, we opened 2 new stores, Town East Square in Texas and Potomac Mills in Virginia, to expand our operating base. Of the 43 stores, 29 are operating, while 14 remain temporarily closed.」
Business interruptions caused by infectious diseases continued, with 14 of 43 U.S. stores temporarily closed. Restrictions such as limits on the number of visitors inside facilities were also implemented in Japan. - FY2021-Q1MaterialisedAnnual report
「In Japan, all 103 domestic stores were temporarily closed from early April 2020. Following the easing of requests to close stores accompanying the lifting of the state of emergency, all 103 domestic stores resumed operations from early June of the same year after implementing thorough measures to prevent the spread of COVID-19. In the United States, all 41 U.S. stores were temporarily closed from mid-March 2020. From mid-May, some stores resumed operations as state and county governments eased their requests, but the stores were subject to shortened operating hours and partial operating restrictions.」
Business interruptions caused by the spread of infectious diseases, previously described as a risk, actually occurred in Japan and overseas due to the spread of COVID-19. - FY2018RestatedAnnual report
「Stores and other facilities could be damaged by unforeseeable events, including natural disasters such as earthquakes, tsunamis and floods, accidents, terrorism, and the spread of infectious diseases. Our group’s performance could be affected by the costs of restoring operations and a decline in consumer sentiment toward leisure activities.」
In addition to natural disasters, accidents, terrorism and infectious diseases, restoration costs and weaker consumer sentiment toward leisure activities were described as impacts. - FY2017Clarified the scope of the impact.Annual report
「Stores and other facilities could be damaged by unforeseeable events, including natural disasters such as earthquakes, tsunamis and floods, accidents, terrorism, and the spread of infectious diseases. Our group’s performance could be affected by the costs of restoring operations and a decline in consumer sentiment toward leisure activities.」
In addition to store damage, the costs of restoring operations and weaker consumer sentiment toward leisure activities were explicitly stated as impacts. - FY2017-Q1MaterialisedAnnual report
「Losses from disasters 68」
Losses from disasters of ¥68 million were recorded as an extraordinary loss in the current quarter. - FY2016First statedAnnual report
「Our group has formulated a business continuity plan (BCP) and is taking measures to address risks such as earthquakes and infectious disease outbreaks. However, stores and other facilities could be damaged by unforeseeable events, including natural disasters such as earthquakes, tsunamis and floods, accidents, terrorism, and the spread of infectious diseases.」
While formulating a BCP and advancing countermeasures, disasters, infectious diseases and other difficult-to-predict events were described as risks.