Natural Disasters, Infectious Diseases and Supply Chain Disruptions
First written in FY2016. 11 of 19 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2025.
Furukawa Electric moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 20 of 38 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Disruption of the supply chains of customers and suppliers caused by major earthquakes, tsunamis, fires, pandemics and other events」
The Company continues to implement BCM, business continuity plans, employee safety confirmation and supply chain diversification in response to natural disasters, infectious diseases and supply chain disruptions. - FY2023-Q3RestatedAnnual report
「In the energy infrastructure business, domestic underground-cable projects and power transmission and distribution components remained solid. However, profit declined due to customer construction delays caused by COVID-19 lockdowns in China and lower operating levels at the Chinese subsidiary.」
Infectious disease and supply chain risks continue to affect operating results through lockdowns in China, delays in customer construction projects and lower operating levels at the Chinese subsidiary. - FY2023-Q2MaterialisedAnnual report
「In the energy infrastructure business, domestic underground-cable projects and power transmission and distribution components remained solid. However, profit declined due to customer construction delays caused by COVID-19 lockdowns in China and lower operating levels at the Chinese subsidiary.」
Infectious disease and supply chain risks actually affected operating results through lockdowns in China, delays in customer construction projects and lower operating levels at the Chinese subsidiary. - FY2023-Q1MaterialisedAnnual report
「Profit declined due to delays in customer construction projects and lower operating levels at the Chinese subsidiary resulting from lockdowns in China caused by COVID-19.」
Infectious disease and supply chain risks affected first-quarter results through lockdowns in China, delays in customer construction projects and lower operating levels at the Chinese subsidiary. - FY2022RestatedAnnual report
「Promoting business continuity management (BCM) under ISO 22301, preparing and enhancing business continuity plans, and ensuring employee safety through an employee safety confirmation system」
The Company reconfirms BCM, business continuity plans, employee safety confirmation, and supply chain diversification as measures to address natural disasters, infectious diseases and supply chain disruptions. - FY2022-Q3MaterialisedAnnual report
「In addition to lockdowns at certain sites in Southeast Asia due to COVID-19, attendance rates declined in certain regions from late November as community transmission spread, resulting in higher BCM operating costs and emergency transportation costs」
Infectious disease and supply chain risks materialized as lockdowns at Southeast Asian sites, lower attendance rates, and increases in BCM operating costs and emergency transportation costs. - FY2022-Q2MaterialisedAnnual report
「During the cumulative consolidated second quarter under review, the Group's operating results, including those of the Company, its consolidated subsidiaries and equity-method affiliates, reflected reduced customer production and lockdowns at certain sites in Southeast Asia due to COVID-19. Nevertheless, the infrastructure, electrical and electronics, and functional products segments recorded increases in both revenue and profit.」
Among the risks relating to natural disasters, infectious diseases and supply chain disruptions, the impact of COVID-19 continued to materialize as lockdowns at certain sites in Southeast Asia. - FY2021MaterialisedAnnual report
「At certain overseas consolidated subsidiaries of the Group, fixed costs and other expenses incurred during periods when certain production sites suspended operations in response to direct requests from the governments of the respective countries and other authorities to prevent the spread of COVID-19 were recognized as extraordinary losses.」
The infectious disease risk materialized as operating suspensions at overseas production sites, and a loss of ¥1,385 million from COVID-19 was recognized. - FY2021-Q3MaterialisedAnnual report
「Losses from COVID-19 At certain overseas consolidated subsidiaries of the Group, fixed costs and other expenses incurred during periods when certain production sites suspended operations in response to direct requests from the governments of the respective countries and other authorities to prevent the spread of COVID-19 were recognized as extraordinary losses.」
Certain production sites of overseas consolidated subsidiaries suspended operations in response to requests to prevent the spread of infectious disease, and fixed costs and other expenses incurred during the suspension periods were recognized as extraordinary losses. - FY2021-Q2MaterialisedAnnual report
「At certain overseas consolidated subsidiaries of the Group, fixed costs and other expenses incurred during periods when certain production sites suspended operations in response to direct requests from the governments of the respective countries and other authorities to prevent the spread of COVID-19 were recognized as extraordinary losses.」
The infectious disease risk materialized as operating suspensions at overseas production sites, and fixed costs and other expenses incurred during the suspension periods were recognized as extraordinary losses. - FY2020MaterialisedAnnual report
「Meanwhile, in the energy infrastructure business, operations at the power cable manufacturing plant at the Chiba Plant were temporarily suspended as a result of damage caused by Typhoon No. 15」
The year's results were affected by natural disasters, including the ¥958 million fire loss at the Taiwanese copper foil subsidiary and the temporary suspension of operations at the Chiba Plant caused by Typhoon No. 15. - FY2020-Q3Additional Fire Loss Recognition and Monitoring of Infectious Disease ImpactsAnnual report
「Fire Loss This represents the loss resulting from the fire at the Group's consolidated subsidiary 台日古河銅箔股份有限公司 on 18 June 2019. The loss comprised the write-off of inventories and property, plant and equipment, recovery costs and other expenses.」
A fire loss of ¥735 million was recognized for the fire at the Taiwanese copper foil subsidiary on a cumulative third-quarter basis. The Company also stated that it would continue to monitor the impact of the spread of COVID-19 on its operating results. - FY2020-Q2MaterialisedAnnual report
「Fire Loss This represents the loss resulting from the fire at the Group's consolidated subsidiary 台日古河銅箔股份有限公司 on 18 June 2019. The loss comprised the write-off of inventories and property, plant and equipment, recovery costs and other expenses.」
A fire loss of ¥613 million was recognized in connection with the fire at the Taiwanese copper foil subsidiary, including the write-off of inventories and property, plant and equipment, recovery costs and other expenses. - FY2020-Q1MaterialisedAnnual report
「This represents the loss resulting from the fire at the Group's consolidated subsidiary 台日古河銅箔股份有限公司 on 18 June 2019. The loss comprised the write-off of inventories and property, plant and equipment, recovery costs and other expenses.」
A fire occurred at the Taiwanese copper foil subsidiary, and a fire loss of ¥479 million was recognized for the write-off of inventories and property, plant and equipment, recovery costs and other expenses. The Company also disclosed the possibility of additional losses as the damage assessment progressed. - FY2019MitigatedAnnual report
「The Group has developed business continuity plans for the procurement of raw materials and auxiliary materials and is promoting multiple sourcing and optimization of inventory levels. It routinely takes measures to minimize damage and achieve a rapid business recovery in response to supply uncertainties caused by natural disasters, accidents and other events.」
As measures to address supply chain disruptions, the Company specified business continuity plans, multiple sourcing and inventory optimization. - FY2018RestatedAnnual report
「If disasters such as major earthquakes, tsunamis, fires, typhoons and floods, including those caused by climate change, infectious diseases such as novel influenza, wars, acts of terrorism or cyberattacks occur, the Group's operating results and financial position may be significantly affected by indirect damage through the supply chain in addition to direct damage.」
The risks of natural disasters, infectious diseases, wars and terrorism, cyberattacks, and supply chain disruptions continue to be disclosed. - FY2017RestatedAnnual report
「If disasters such as major earthquakes, tsunamis, fires, typhoons and floods, including those caused by climate change, infectious diseases such as novel influenza, wars, acts of terrorism or cyberattacks occur, the Group's operating results and financial position may be significantly affected by indirect damage through the supply chain in addition to direct damage.」
The impact of natural disasters, infectious diseases, wars and terrorism, and supply chain disruptions continues to be treated as a risk. - FY2017-Q1MaterialisedAnnual report
「The automotive parts business was affected mainly by weak domestic demand following events including the Kumamoto Earthquake in April this year」
The Kumamoto Earthquake actually affected the current quarter's results through weaker domestic demand for the automotive parts business. - FY2016First statedAnnual report
「The partial suspension of the copper strip manufacturing process caused by heavy snowfall at the Nikko Plant in February the year before last was fully restored」
Earthquakes, tsunamis, fires, floods and infectious diseases were cited as risks, along with the previous operating suspension at the Nikko Plant caused by heavy snowfall.