Recognition of disaster losses and provision for disaster losses caused by the fire at the Kofu Plant
First written in FY2024-Q2. . Latest entry: FY2025.
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- FY2025Fire insurance proceeds recognized as extraordinary incomeAnnual report
「Insurance proceeds related to the fire at a Group company that occurred in September 2023 have been recognized as insurance proceeds under extraordinary income.」
Regarding the fire at the Kofu Plant, disaster losses and the provision recognized in the previous fiscal year were not recognized in the current fiscal year, while ¥664.36 million in insurance proceeds was recognized as extraordinary income. - FY2025-H1Receipt of insurance proceeds and end of disaster-loss recognitionAnnual report
「Of the insurance related to the fire that occurred in September 2023, the finalized amount of insurance proceeds received for inventories insured under policies for which the Company is the policyholder has been recognized as insurance proceeds under extraordinary income.」
Disaster losses and the provision for disaster losses recognized in the interim period of the previous year were not recognized in the current interim period, while ¥264 million in fire-related insurance proceeds was recognized as extraordinary income. - FY2024Finalization of disaster losses and provisions for the full yearAnnual report
「Losses from the disaster amounted to ¥626.112 million. For items for which the amount of restoration costs has not been finalized, a provision for disaster losses has been recognized based on estimated amounts; the disaster losses include ¥183.868 million in provision expense.」
Disaster losses related to the fire at the Kofu Plant amounted to ¥626.112 million for the full year, while provision expense for disaster losses amounted to ¥183.868 million. - FY2024-Q3Increase in disaster losses and provisionsAnnual report
「Losses from the disaster amounted to ¥595.738 million. For items for which the amount of restoration costs has not been finalized, a provision for disaster losses has been recognized based on estimated amounts; the disaster losses include ¥197.308 million in provision expense.」
Disaster losses related to the fire at the Kofu Plant amounted to ¥595.738 million for the period, while provision expense for disaster losses amounted to ¥197.308 million. Both increased from the previous quarter's disaster losses of ¥562.931 million and provision expense of ¥162.534 million. - FY2024-Q2First statedAnnual report
「Losses from the disaster amounted to ¥562.931 million. For items for which the amount of restoration costs has not been finalized, a provision for disaster losses has been recognized based on estimated amounts; the disaster losses include ¥162.534 million in provision expense.」
The Company recognized ¥562.931 million in disaster losses and ¥162.534 million in provision expense for disaster losses for the destruction of fixed assets, inventories and other items, and restoration costs associated with the September 2023 fire. As the insurance amount had not been finalized, no insurance proceeds were recognized in the cumulative period through the quarter.