Risk of Natural Disasters and Communications and Power Infrastructure Failures
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 22 of 49 companies on the "Worse" side.
49 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The real estate and movable property serving as collateral for the Group's rental properties and loans receivable are distributed nationwide, providing diversification of risk. However, if major earthquakes, typhoons or other wind and flood damage prevent customer sound operating companies from conducting normal business activities, the Group's business and performance may be adversely affected.」
While pursuing nationwide diversification, the Company continues to identify the risk that natural disasters may suspend customers' operations and affect business performance. - FY2021RestatedAnnual report
「The real estate and movable property serving as collateral for the Group's rental properties and loans receivable are distributed nationwide, providing diversification of risk. However, if major earthquakes, typhoons or other wind and flood damage prevent customer sound operating companies from conducting normal business activities, the Group's business and performance may be adversely affected.」
While pursuing nationwide diversification, the Company continues to identify the risk that natural disasters may suspend customers' operations and affect business performance. - FY2020ReframedAnnual report
「The real estate and movable property serving as collateral for the Group's rental properties and loans receivable are distributed nationwide, providing diversification of risk. However, if major earthquakes, typhoons or other wind and flood damage prevent customer sound operating companies from conducting normal business activities, the Group's business and performance may be adversely affected.」
The explanation has shifted from the previous focus on concentration of operations and communications and power outages to the disaster risk affecting rental properties and collateral assets distributed nationwide, and the impact of customer business suspensions. - FY2019RestatedAnnual report
「The Company and its Group subsidiaries are located in the same building. If a disaster specific to that building, a communications outage, a widespread natural disaster, or a disruption to infrastructure such as information and communications systems or power supplies occurs, the Group's business and performance may be adversely affected.」
The Company continues to disclose the risks of concentration of operations, natural disasters, and disruptions to communications and power infrastructure. - FY2017RestatedAnnual report
「If a disaster specific to the building, a communications outage, a widespread natural disaster, or a disruption to infrastructure such as information and communications systems or power supplies occurs, the Group's business and performance may be adversely affected.」
The Company continues to identify the risks of concentration of operations in the same building, natural disasters, and disruptions to communications and power infrastructure. - FY2016First statedAnnual report
「If a disaster specific to the building, a communications outage, a widespread natural disaster, or a disruption to infrastructure such as information and communications systems or power supplies occurs, the Group's business and performance may be adversely affected.」
The fact that Group companies may be located in the same building is also identified as a risk factor.