Natural Disaster and Fire Risks at Production Facilities
First written in FY2016. 3 of 4 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2019.
The whole theme swung hardest in 2018: 32 of 131 companies on the "Worse" side.
- FY2019MaterialisedAnnual report
「The Group recorded losses from Typhoon No. 21, which occurred in September 2018, as “losses from disaster.” The losses mainly comprised repair costs arising from flood damage to products.」
In relation to flood damage to products caused by Typhoon No. 21, the Company recognized a disaster loss of ¥31.499 million in the fiscal year and received ¥37.677 million in insurance proceeds. - FY2019-Q2MaterialisedAnnual report
「Damage from Typhoon No. 21 in September 2018 caused finished products to be flooded, and some projects failed to progress as planned due to the resulting remanufacturing and repair work.」
The natural disaster risk relating to production facilities materialised in the form of finished products being flooded by Typhoon No. 21, remanufacturing and repairs, and delays in project progress. - FY2019-Q1MaterialisedAnnual report
「Losses from disaster 32,000」
The Group recorded a loss from disaster of ¥32.000 million as an extraordinary loss in the first quarter. The text does not specify the type of disaster or the facility affected. - FY2016First statedAnnual report
「If an unforeseen natural disaster, such as an earthquake, storm or flood, or another unexpected event or accident such as a fire, occurs at one of the Group’s production facilities, this could affect the Group’s operating results and financial position through a significant decline in production capacity or other consequences.」
The disclosure identifies natural disasters and fires that could lead to reduced production capacity as external risks.