Operational disruptions caused by natural disasters, war, terrorism, infectious diseases and social unrest
First written in FY2016. 8 of 14 entries say "Restated". Latest entry: FY2025.
Shinagawa Refra moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
13 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Losses from disasters 101」
Regarding natural disaster risk, the company recorded a ¥101 million loss from disasters in the fiscal year, and the balance of the provision for disaster losses was ¥251 million. - FY2024MaterialisedAnnual report
「The company has recognized the amount expected to arise in the future to provide for expenditures required to restore assets damaged by the 2024 Noto Peninsula Earthquake and related costs.」
A natural disaster risk that had previously been anticipated materialized in the form of the Noto Peninsula Earthquake, resulting in the recognition of a ¥395 million disaster loss and a ¥293 million provision for disaster losses. - FY2023-Q3RestatedAnnual report
「The company has made accounting estimates, including for the valuation of inventories, impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that the economic disruption caused by the spread of COVID-19 will gradually recover from fiscal 2022 onward.」
The company has reconfirmed its accounting estimates based on an assumed gradual recovery from the impact of COVID-19 from fiscal 2022 onward, as well as the potential impact on operating results and financial position if the outbreak is prolonged. - FY2023-Q1RestatedAnnual report
「The company has made accounting estimates, including for the valuation of inventories, impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that the economic disruption caused by the spread of COVID-19 will gradually recover from fiscal 2022 onward. Although these estimates represent the best available estimates at present, the assumptions used involve uncertainty. If the prolonged spread of COVID-19 causes a significant decline in domestic crude steel production due to an economic slowdown or recession, it may materially affect the operating results and financial position of the company and its consolidated subsidiaries.」
The company continues to recognize the possibility that a prolonged infectious disease outbreak could slow the economy, significantly reduce domestic crude steel production, and affect operating results and financial position. - FY2022RestatedAnnual report
「In addition to measures including establishing a business continuity plan (BCP), building an employee safety confirmation system, implementing earthquake resistance measures and conducting disaster preparedness drills, the company has prepared internal policies and provided employees with IT and communications equipment so that it can immediately transition to a business continuity structure based on telework and staggered shifts.」
The company continues its BCP, employee safety confirmation, earthquake resistance measures, disaster preparedness drills, and arrangements for transitioning to telework and staggered shifts in response to natural disasters, infectious diseases and other events. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the global economy showed signs of recovering from the downturn caused by COVID-19, but uncertainty about the outlook persisted due to the resurgence of infections, mainly involving variants, semiconductor supply shortages and supply chain disruptions.」
While recovery from the impact of infectious diseases was evident, uncertainty about the outlook continued because of the resurgence of infections, mainly involving new variants, and supply constraints, and the company reconfirmed the risks to operations and the business environment. - FY2022-Q2RestatedAnnual report
「During the six months ended September 30, the global economy showed signs of recovering from the downturn caused by COVID-19. However, the outlook remained uncertain due to the resurgence of infections, semiconductor shortages and supply chain disruptions.」
While recovery from the impact of infectious diseases was evident, uncertainty about the outlook continued because of the resurgence of infections, and the company reconfirmed the business environment risks arising from infectious diseases and social disruption. - FY2022-Q1Recovery and concerns about new variants coexistAnnual report
「During the three months ended June 30, the global economy benefited from improved business sentiment as COVID-19 vaccination rates increased. At the same time, social disruption and concerns continued to arise as infections with new variants spread, and the uncertain outlook persisted.」
The company has cited both improved business sentiment from higher vaccination rates and social disruption and concerns about the outlook from the spread of new variants. - FY2021RestatedAnnual report
「However, the resulting damage cannot be completely eliminated and may adversely affect the operating results of the company and its consolidated subsidiaries.」
The company has reconfirmed that the risk of operating disruptions from natural disasters, infectious diseases and other events continues, and has listed measures including its BCP, employee safety confirmation, earthquake resistance measures, disaster preparedness drills and telework. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the global economy remained weak due to the renewed spread of COVID-19, and concerns about the outlook continued despite signs of recovery in some areas, including China.」
The infectious disease risk continues, with concerns about sluggish economic activity and the outlook due to the resurgence of infections. - FY2021-Q2WorsenedAnnual report
「During the six months ended September 30, the global economy was beginning to recover from the downturn in economic activity caused by the spread of COVID-19. However, the situation became serious as infections began to spread again, particularly in Europe, raising concerns about the outlook.」
The infectious disease risk continues, with infections spreading again, particularly in Europe. The company also recorded a ¥10 million loss due to COVID-19. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year, the global economy entered an extremely challenging phase as economic activity stagnated amid the worldwide spread of COVID-19.」
An infectious disease risk that had previously been disclosed materialized in the form of the global spread of COVID-19 and a slowdown in economic activity. The company also recorded a ¥6 million loss due to COVID-19 as an extraordinary loss. - FY2018RestatedAnnual report
「The company has established and operates a business continuity management system to provide an initial response in the event of these disasters and to restore and continue critical operations promptly.」
The company has reconfirmed the establishment and operation of its business continuity management system as a measure against natural disasters, war and terrorism, infectious diseases, social unrest and other risks. - FY2016First statedAnnual report
「The Group has multiple production sites in Japan and overseas and is exposed to risks including natural disasters such as major earthquakes, wind and flood damage in various countries and regions, war, terrorism, riots, infectious diseases, and social and political disruption, including disruptions to transportation infrastructure.」
The risks associated with having multiple sites in Japan and overseas include operating disruptions, facility damage and recovery costs.