Geographic Concentration in Central Tokyo and Natural Disaster Risk
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In consideration of economic scale and customer needs, the real estate operated by the Company is concentrated mainly in the Tokyo metropolitan area. Earthquakes and other disasters in the region, or a deterioration in the Tokyo metropolitan economy, could affect business results.」
The Company continues to describe the risks associated with geographic concentration in the Tokyo metropolitan area, centred on Tokyo, as well as earthquakes and other disasters and deterioration in the Tokyo metropolitan economy. - FY2023First statedAnnual report
「In consideration of economic scale and tenant needs, the real estate owned by the Company is concentrated mainly in central Tokyo. Earthquakes and other disasters in the region, or a deterioration in the Tokyo metropolitan economy, could affect business results. To prepare for natural disasters and maintain business continuity, the Company prioritises avoiding harm to people and works to mitigate and minimise risk through disaster-response manuals and training.」
The Company identifies the concentration of its owned real estate and business area in central Tokyo as a risk and describes its response through disaster manuals and training.