Risk of construction interruptions due to natural disasters, terrorism or armed conflict
First written in FY2017. 2 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2026.
Chiyoda moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 2 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the North Field East LNG export terminal project being carried out jointly with France's Technip Energies in Qatar, the Group was affected by a temporary suspension of construction work and other factors.」
Geopolitical and conflict risks arising from heightened tensions in the Middle East actually materialized as a temporary suspension of construction on the NFE project. - 2026-05-11MitigatedEarnings presentation
「No physical damage to projects under execution. Construction has resumed and is on a recovery trend, with safety given top priority.」
Regarding the situation in the Middle East, the company states that projects under execution suffered no physical damage and that construction has resumed and is recovering subject to ensuring safety. - FY2024WorsenedAnnual report
「The risk that Russia's invasion of Ukraine, which began in February 2022, and the armed conflict between Israel and Hamas, which began in October 2023, may affect other Middle Eastern countries is expected to further heighten geopolitical risks worldwide, making uncertainty surrounding the global economy and moves toward decoupling, including reciprocal economic sanctions, even more pronounced.」
In addition to conventional natural disaster, terrorism and conflict risks, the company explicitly identifies the armed conflict between Israel and Hamas, reciprocal economic sanctions and the progression of decoupling, and describes the increase in geopolitical risks. - FY2022WorsenedAnnual report
「With respect to the impact of the situation in Russia and Ukraine stemming from Russia's invasion, if the conflict becomes protracted and the situation deteriorates beyond the company's assumptions, uncertainty surrounding the global economy may become even more pronounced. This could adversely affect the performance of the Group through deterioration in the financial condition of customers and joint venture partners, supply chain disruptions, and surging equipment and material costs.」
For natural disaster, terrorism and conflict risks, the company has added the impact channels of deterioration in the financial condition of customers and JV partners, supply chain disruption and higher material costs stemming from Russia's invasion. - FY2018Addition of natural disaster risks associated with climate changeAnnual report
「Natural disasters such as earthquakes and large-scale rainfall and flooding caused by global climate change, and force majeure events such as terrorism and conflicts, may endanger the lives of construction workers, delay the delivery of equipment and materials to construction sites, interrupt site work, and otherwise cause direct or indirect damage at construction sites for projects in progress or at domestic and overseas offices.」
In addition to conventional risks such as earthquakes, large-scale rainfall and flooding caused by climate change are explicitly identified as natural disaster risks. - FY2017First statedAnnual report
「Natural disasters such as earthquakes, and force majeure events such as terrorism and conflicts, may endanger the lives of construction workers, delay the delivery of equipment and materials to construction sites, interrupt site work, and otherwise cause direct or indirect damage at construction sites for projects in progress or at domestic and overseas offices.」
The risk is described that natural disasters, terrorism and conflicts may cause loss of life, disrupt the delivery of materials and damage the continuation of construction work. The company also outlines its response through its crisis management unit, security consultants and BCP training.