Concentration of Facilities in Shizuoka Prefecture and Large-Scale Earthquake Risk
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 21 of 73 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「To address this risk, we are preparing a business continuity plan (BCP), arranging risk financing through earthquake insurance and an earthquake-related commitment line agreement, and preparing for an early resumption of business following a disaster.」
The concentration of sites in Shizuoka Prefecture and the risk of a major earthquake, together with responses through a BCP, insurance, and a commitment line, have been reaffirmed. - FY2020Broader assumed earthquake scenarios and impact scope, with BCP and other measures explicitly statedAnnual report
「If the anticipated Tokai and Tonankai earthquakes occur, production capacity could be seriously affected by the disruption of manufacturing lines, R&D facilities, information systems, and the supply chain, potentially causing a substantial decline in sales and significant costs to repair facilities, which could affect our group’s performance and financial condition. To address this risk, we are preparing a business continuity plan (BCP), arranging risk financing through earthquake insurance and an earthquake-related commitment line agreement, and preparing for an early resumption of business following a disaster.」
While expanding the scope of impact to include the Tonankai earthquake and the supply chain in addition to the Tokai earthquake, the company explicitly states that it will respond through a BCP, earthquake insurance, and an earthquake-related commitment line. - FY2018First statedAnnual report
「Our group’s headquarters, production facilities, and R&D sites are concentrated in Shizuoka Prefecture. If the anticipated Tokai earthquake occurs, production capacity could be seriously affected by the disruption of manufacturing lines, R&D facilities, and information systems, potentially causing a substantial decline in sales and significant costs to repair facilities, which could adversely affect our group’s performance and financial condition.」
Against the backdrop of the concentration of headquarters, production, and R&D sites in Shizuoka Prefecture, the company explicitly identifies the risks of operational stoppages, lower production capacity, declining sales, and recovery costs resulting from a Tokai earthquake.