Concentration of Sites in Shizuoka Prefecture and Major Earthquake Risk
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2023-Q2.
Seiko moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 21 of 75 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2023-Q2MaterialisedAnnual report
「Losses from damage to inventories and other items at 静岡スバル自動車㈱ and ㈱ＰＵＲＥＳＴ, which were affected by Typhoon No. 15 in September 2022, as well as costs to restore property, plant and equipment, were recognized as extraordinary losses under “losses from disasters.”」
The natural disaster risk associated with the concentration of operating sites in Shizuoka Prefecture actually materialized as flooding at sites of the vehicle-related business caused by Typhoon No. 15, inventory damage, restoration costs and disaster losses of ¥144.141 million. - FY2022RestatedAnnual report
「The main operating sites for each business are concentrated in Shizuoka Prefecture, and the Group may be affected if the region is struck by a natural disaster or other event. Measures have been implemented to minimize human and property damage, particularly from earthquakes, but a major earthquake could potentially cause significant damage.」
The Company continues to disclose the risk of damage from the concentration of operating sites in Shizuoka Prefecture and major earthquakes and other natural disasters. - FY2021RestatedAnnual report
「The main operating sites for each business are concentrated in Shizuoka Prefecture, and the Group may be affected if the region is struck by a natural disaster or other event. Measures have been implemented to minimize human and property damage, particularly from earthquakes, but a major earthquake could potentially cause significant damage.」
The Company continues to disclose the risk of damage from the concentration of operating sites in Shizuoka Prefecture and major earthquakes and other natural disasters. - FY2020RestatedAnnual report
「The main operating sites for each business are concentrated in Shizuoka Prefecture, and the Group may be affected if the region is struck by a natural disaster or other event. Measures have been implemented to minimize human and property damage, particularly from earthquakes, but a major earthquake could potentially cause significant damage.」
The Company continues to disclose the risk of damage from the concentration of operating sites in Shizuoka Prefecture and major earthquakes and other natural disasters. - FY2018RestatedAnnual report
「The main operating sites for each business are concentrated in Shizuoka Prefecture, and the Group may be affected if the region is struck by a natural disaster or other event. Measures have been implemented to minimize human and property damage, particularly from earthquakes, but a major earthquake could potentially cause significant damage.」
The Company continues to disclose the risk of damage from the concentration of operating sites in Shizuoka Prefecture and major earthquakes and other natural disasters. - FY2017RestatedAnnual report
「The main operating sites for each business are concentrated in Shizuoka Prefecture, and the Group may be affected if the region is struck by a natural disaster or other event. Measures have been implemented to minimize human and property damage, particularly from earthquakes, but a major earthquake, such as the Tokai Earthquake, could potentially cause significant damage.」
The risk of damage from the concentration of operating sites in Shizuoka Prefecture and major earthquakes and other events is reiterated. - FY2016First statedAnnual report
「The main operating sites for each business are concentrated in Shizuoka Prefecture, and the Group may be affected if the region is struck by a natural disaster or other event. Measures have been implemented to minimize human and property damage, particularly from earthquakes, but a major earthquake, such as the Tokai Earthquake, could potentially cause significant damage.」
Geographic concentration of operating sites and exposure to natural disasters, including the Tokai Earthquake.