Business Impact from Disasters Beyond Assumptions
First written in FY2016. 3 of 5 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2018: 21 of 93 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「The Group has established disaster preparedness measures and backup systems for important information infrastructure in preparation for disasters and other events. It has also established a system for responding promptly when disasters or other events that could have a significant impact on its business occur, including by setting up a disaster response headquarters.」
In response to the risk of disasters exceeding assumptions, measures for disaster preparedness, information infrastructure backup and response through a disaster response headquarters were specified. - FY2020MaterialisedAnnual report
「Losses from disasters 1,989」
Losses from disasters including Typhoon Hagibis of ¥1.989 billion were recorded, while ¥2.772 billion in disaster insurance proceeds was also recorded. - FY2020-Q3MaterialisedAnnual report
「Losses on disposal relating to inventories and property, plant and equipment damaged by the incident, together with restoration costs, have been recorded as losses from disasters under extraordinary losses in the quarterly consolidated statement of profit or loss and comprehensive income for the nine months ended the third quarter.」
Regarding the damage to the Soma Warehouse and Akai Plant caused by Typhoon Hagibis, ¥1,841 million in losses on disposal, restoration costs and other expenses was recorded as losses from disasters. The amount of insurance proceeds had not been determined and was not recorded for the quarter. - FY2020-Q2MaterialisedAnnual report
「Due to Typhoon Hagibis, which occurred in October 2019, some inventories and property, plant and equipment at the Company's Soma Warehouse (formerly the Soma Plant) were flooded, and temporary production stoppage occurred at the Akai Plant of Alpine Manufacturing Co., Ltd., the Company's consolidated subsidiary.」
Regarding disaster risks exceeding assumptions, flooding at the Soma Warehouse and a temporary production stoppage at the Akai Plant actually occurred as a result of Typhoon Hagibis. - FY2016First statedAnnual report
「The Group has thoroughly implemented disaster preparedness measures, including earthquake countermeasures, at each of its production facilities in Japan and overseas. It was able to minimize the impact on its business when disasters occurred in the past. However, a large-scale disaster exceeding assumptions could have a significant impact on its business.」
While stating that the impact of past disasters had been minimized, the risk of large-scale disasters exceeding assumptions was disclosed.