Risk of disasters and business interruption due to concentration of production sites
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 32 of 132 companies on the "Worse" side.
- FY2025MaterialisedAnnual report
「Typhoon No. 11 in September 2024 caused damage at IKO THOMPSON VIETNAM CO.,LTD., the Group's Vietnamese subsidiary, and the damage to factory buildings, product inventories and other assets has been recognized as a disaster-related loss.」
For the typhoon damage at the Vietnamese subsidiary, insurance proceeds of ¥226 million and disaster-related losses of ¥234 million were recognized in the current fiscal year. - FY2025-H1MaterialisedAnnual report
「Typhoon No. 11 in September 2024 caused damage at IKO THOMPSON VIETNAM CO.,LTD., the Group's Vietnamese subsidiary, and the estimated damage of ¥67 million as of the present time has been recognized as a loss.」
The natural disaster risk materialized as typhoon damage at the Vietnamese subsidiary and recognition of ¥67 million in disaster-related losses. The affected assets are insured, but the insurance proceeds have not yet been determined. - FY2023RestatedAnnual report
「In particular, the Group's main production sites are concentrated in Gifu Prefecture. Consequently, if a major earthquake, flood or other disaster occurs in the region, the Group's business performance and financial position may be adversely affected.」
The risk of production stoppages caused by earthquakes, floods and other disasters associated with the concentration of the main production sites in Gifu Prefecture continues to be disclosed. - FY2021WorsenedAnnual report
「If a major natural disaster, such as an earthquake, flood, fire or heavy snowfall, or another disaster occurs at a production facility of the Group or at a business location of a Group customer, production capacity may decline or cease due to damage to production equipment, products, work in process and other assets, potentially affecting business performance. In addition, terrorist attacks or social unrest resulting from changes in the political situation could cause physical or human losses and adversely affect the Group's production and sales activities.」
The risk scope is expressly extended beyond the previous concentration of production facilities in Gifu Prefecture to include customer locations, terrorist attacks and social unrest caused by changes in the political situation. - FY2020RestatedAnnual report
「In particular, the Group's main production sites are concentrated in Gifu Prefecture. Consequently, if a major earthquake, flood or other disaster occurs in the region, the Group's business performance and financial position may be adversely affected.」
The risk of production stoppages caused by earthquakes, floods and other disasters remains due to the concentration of key production facilities in Gifu Prefecture. The COVID-19 pandemic was recorded in a separate thread. - FY2019RestatedAnnual report
「In particular, the Group's main production sites are concentrated in Gifu Prefecture. Consequently, if a major earthquake, flood or other disaster occurs in the region, the Group's business performance and financial position may be adversely affected.」
The risk of production stoppages caused by earthquakes, floods and other disasters associated with the concentration of the main production sites in Gifu Prefecture continues to be disclosed. - FY2017RestatedAnnual report
「The Group's main production sites are concentrated in Gifu Prefecture. Consequently, if a major earthquake, flood or other disaster occurs in the region, the Group's business performance and financial position may be adversely affected.」
The risk of disasters and business interruption associated with the concentration of production sites in Gifu Prefecture continues to be disclosed. - FY2016First statedAnnual report
「In particular, the Group's main production sites are concentrated in Gifu Prefecture. Consequently, if a major earthquake, flood or other disaster occurs in the region, the Group's business performance and financial position may be adversely affected.」
The concentration of the main production sites in Gifu Prefecture is specified, along with the potential decline or cessation of production functions due to earthquakes, floods, fires and other disasters.