Weather Variability During Peak Demand Periods and Natural Disasters
First written in FY2016. 4 of 9 entries say "Materialised", first in FY2018. Latest entry: FY2024.
Toyo Seikan Group Holdings moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 11 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「To minimize damage when various natural disasters, accidents and other risks that could affect ongoing business activities occur, the Group has taken measures including facility-related measures, formulating business continuity plans (BCPs), diversifying suppliers, establishing and relocating backup systems at production sites, maintaining appropriate inventory levels, and obtaining insurance.」
The company has expanded its measures for natural disasters and accidents beyond the existing facility-related measures and supplier diversification to include BCPs, site relocation and insurance coverage. - FY2023MitigatedAnnual report
「The Group has established a database that enables information on infectious diseases to be shared across the Group, and has put in place a system under which the Group as a whole takes measures to reduce infectious-disease risks when an outbreak expands.」
In addition to the existing facility-related measures, supplier diversification, backup systems and appropriate inventory levels, the company has established a database for sharing infectious-disease information across the Group. - FY2022MitigatedAnnual report
「To minimize damage when various natural disasters, accidents and other risks that could affect ongoing business activities occur, the Group has taken measures including facility-related measures, diversifying suppliers, establishing backup systems at production sites, and maintaining appropriate inventory levels.」
The company disclosed specific measures addressing natural disasters, accidents and infectious diseases, including facility-related measures, supplier diversification, backup systems and appropriate inventory levels. - FY2019-Q3MaterialisedAnnual report
「Although empty cans for alcoholic beverages used for chuhai increased, Toyo Seikan Co., Ltd. suffered damage from the Northern Osaka Earthquake and the Heavy Rain Event in Western Japan, while empty cans for soft drinks used for coffee and caps declined, resulting in sales below the same period of the previous year.」
Damage from the Northern Osaka Earthquake and the Heavy Rain Event in Western Japan contributed to lower sales. The company also recognized a ¥6.206 billion loss from the disasters and ¥1.172 billion in disaster-loss provision expense. - FY2019-Q2MaterialisedAnnual report
「Although empty cans for alcoholic beverages used for chuhai increased, Toyo Seikan Co., Ltd. suffered damage from the Northern Osaka Earthquake and the Heavy Rain Event in Western Japan, while empty cans for soft drinks used for coffee and caps declined, resulting in sales below the same period of the previous year.」
Damage to Toyo Seikan Co., Ltd. from the Northern Osaka Earthquake and the Heavy Rain Event in Western Japan contributed to lower sales. The company also recognized a ¥3.146 billion loss from the disasters and ¥1.710 billion in disaster-loss provision expense. - FY2019-Q1MaterialisedAnnual report
「Some consolidated subsidiaries suffered damage, including flooding of buildings, as a result of the Heavy Rain Event of July 2018. The impact of the disaster on the financial position, operating results and cash flows from the following quarter onward is currently under investigation.」
The Heavy Rain Event of July 2018, which occurred after the end of the first quarter, caused damage including flooded buildings at some consolidated subsidiaries. The impact from the following quarter onward is under investigation. - FY2018MaterialisedAnnual report
「These were costs for restoring facilities to their original condition and other expenses incurred following a factory fire at a domestic consolidated subsidiary during the fiscal year.」
In connection with natural disaster and accident risks, the company recognized a ¥229 million loss from a factory fire at a domestic consolidated subsidiary and a ¥41 million provision for disaster losses. - FY2017RestatedAnnual report
「During the first half, when demand for beverage containers peaks, declines in demand caused by unforeseeable changes in weather conditions, such as cool summers and prolonged rainy seasons, and the occurrence of unexpected natural disasters could have a significant impact on the Group's business results and financial position.」
The company continues to identify the risks of lower demand and damage to facilities caused by weather fluctuations and natural disasters during the peak demand season. - FY2016First statedAnnual report
「Declining demand caused by unforeseeable changes in weather conditions, such as cool summers and prolonged rainy seasons, and the occurrence of unexpected natural disasters」
Seasonality in demand for beverage containers and disaster-related damage to production facilities are identified as risks.