Risk of Damage to Properties Held Due to Natural Disasters
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 4 of 16 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If natural disasters such as earthquakes, typhoons, heavy rain and lightning occur, particularly in the relevant region, and fixed assets are damaged or deteriorate, considerable time and expense may be required for restoration, potentially affecting the performance and financial position of our group.」
The risks of natural disaster damage and deterioration, and restoration costs, relating to properties owned in Osaka and areas to be developed in the future continue to be disclosed. - FY2023RestatedAnnual report
「We own fixed assets in Osaka City, Osaka Prefecture, to operate the flexible office building The Place Osaka, and may acquire fixed assets in areas outside Osaka Prefecture to expand the flexible office The Place in the future.」
The risks of natural disaster damage and impairment of the value of owned properties continue to be disclosed, centered on The Place Osaka in Osaka and including the possibility of expansion outside Osaka Prefecture. - FY2022ReframedAnnual report
「We own fixed assets in Osaka City, Osaka Prefecture, to operate The Place, and may acquire fixed assets in areas outside Osaka Prefecture to expand The Place in the future.」
In addition to properties owned in Osaka City, the possibility of expanding The Place outside Osaka Prefecture is described, indicating the scope of the risk of property value impairment caused by natural disasters. - FY2021First statedAnnual report
「If natural disasters such as earthquakes, typhoons, heavy rain and lightning occur, particularly in the relevant region, and fixed assets are damaged or deteriorate, considerable time and expense may be required for restoration, potentially affecting our performance and financial position.」
The risks of damage and deterioration caused by natural disasters, and the time and expense required for restoration, are described, focusing primarily on fixed assets in Chuo Ward, Osaka City.