Operational Interruptions Due to Overseas Locations and Concentration of Production in the Philippines
First written in FY2016. 5 of 11 entries say "Mitigated", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2022: 28 of 60 companies on the "Worse" side.
17 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The company recognized ¥24.036 million in insurance proceeds received for damage from the fire at the production line of YAMASHIN CEBU FILTERMANUFACTURING CORP. on 8 February 2024.」
The company recognized ¥24.036 million in insurance proceeds related to the fire at the Philippine subsidiary’s production line, providing financial compensation for the damage. - FY2025-H1MitigatedAnnual report
「The company recognized insurance proceeds received for damage from the fire at the production line of YAMASHIN CEBU FILTERMANUFACTURING CORP. on 8 February 2024.」
The company received ¥24.036 million in insurance proceeds in connection with the fire at the Philippine subsidiary’s production line, providing financial compensation for the fire damage. - FY2024MaterialisedAnnual report
「A fire occurred at the Group’s Philippine subsidiary YAMASHIN CEBU FILTERMANUFACTURING CORP. on 8 February 2024, and damage to inventories was recognized as disaster-related losses.」
While the concentration of production in the Philippines has declined to approximately 6/10, a fire occurred at the Philippine subsidiary in February 2024, resulting in actual inventory damage. - FY2023MitigatedAnnual report
「The Group’s production bases are located in Japan, the Philippines and Vietnam, and approximately 6/10 of production in the construction equipment filter business by sales value was concentrated in the Philippines in the fiscal year ending March 2023.」
The concentration of production in the Philippines declined from approximately 7/10 in the previous fiscal year to approximately 6/10, and production bases in Japan, the Philippines and Vietnam are becoming more diversified. However, the risk associated with concentration in the Philippines remains. - FY2022MitigatedAnnual report
「The Group’s production bases are located in Japan, the Philippines and Vietnam, and approximately 7/10 of production in the construction equipment filter business by sales value was concentrated in the Philippines in the fiscal year ending March 2022.」
The concentration of production in the Philippines declined from approximately 8/10 to approximately 7/10, and the company describes the diversification of production bases, including Vietnam. However, the risk associated with concentration in the Philippines remains. - FY2022-Q3MaterialisedAnnual report
「Typhoon No. 22, which occurred on 16 December 2021, caused damage at the Group’s Philippine subsidiary YAMASHIN CEBU FILTER MANUFACTURING CORP., and ¥35.397 million was recognized as disaster-related losses due to damage to inventories.」
In connection with the concentration of production in the Philippines, damage to the subsidiary from Typhoon No. 22 and ¥35.397 million in inventory damage actually occurred. - FY2020MitigatedAnnual report
「The Group’s production bases are located in Japan and the Philippines, and approximately 8/10 of production by volume was concentrated in the Philippines in the fiscal year ended March 2020.」
The concentration of production volume in the Philippines declined from approximately 9/10 to approximately 8/10. The company continues to describe the risk of operational interruptions due to natural disasters, war and terrorism, among other factors, and the measures taken in response. - FY2019RestatedAnnual report
「The Group’s production bases are located in Japan and the Philippines, and approximately 9/10 of production by volume was concentrated in the Philippines in the fiscal year ended March 2019.」
The company continues to describe the concentration of approximately 9/10 of production volume in the Philippines, the risk of operational interruptions due to natural disasters, war and terrorism, among other factors, and the measures taken in response. - FY2018RestatedAnnual report
「The Group’s production bases are located in Japan and the Philippines, and approximately 9/10 of production by volume was concentrated in the Philippines in the fiscal year ended March 2018.」
The company continues to describe the concentration of approximately 9/10 of production volume in the Philippines, the risk of operational interruptions due to natural disasters, war and terrorism, among other factors, and the measures taken in response. - FY2017RestatedAnnual report
「The Group’s production bases are located in Japan and the Philippines, and approximately 9/10 of production by volume was concentrated in the Philippines in the fiscal year ended March 2017. These locations face the risk of natural disasters such as earthquakes and floods, war and terrorism, and criticism or obstruction directed at the Group by third parties.」
The company continues to describe the concentration of approximately 9/10 of production volume in the Philippines and the risk of operational interruptions due to disasters, war and terrorism, among other factors. It also describes measures to address disasters of a certain scale. - FY2016First statedAnnual report
「The Group’s production bases are located in Japan and the Philippines, and approximately 9/10 of production by volume was concentrated in the Philippines in the fiscal year ended March 2016.」
Approximately 9/10 of production volume is concentrated in the Philippines, and the company describes the possibility of delays or interruptions in procurement, production and sales due to natural disasters, war and terrorism.