Operational shutdowns caused by factory fires, hazardous substance releases and earthquakes
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2018: 32 of 131 companies on the "Worse" side.
- FY2022-Q3RestatedAnnual report
「The Group's domestic and overseas operations address large-scale natural disasters through the company-wide BCP project. However, if an earthquake, flooding or other weather-related disaster, fire, war or terrorism occurs at a production site, the Group's production capacity may decline significantly.」
The company continues to describe the risk of production shutdowns caused by natural disasters, fires and hazardous substance leaks, as well as the response through the company-wide BCP project. - FY2022-Q2WorsenedAnnual report
「The Group's domestic and overseas operations address large-scale natural disasters through the company-wide BCP project. However, if an earthquake, flooding or other weather-related disaster, fire, war or terrorism occurs at a production site, the Group's production capacity may decline significantly. Many of the Group's factories produce hydraulic products that utilize the properties of oil. The Group has painting facilities that use organic solvents and tanks for storing hydraulic oil, chemicals and other substances, creating the possibility of fires and environmental pollution caused by hazardous substance leaks. In the event of an accident, production activities may be temporarily suspended. In addition, the transition to a low-carbon society aimed at mitigating climate change involves changes in policies, laws, technologies and markets. Accordingly, the progress and results of CO2 reduction activities undertaken to mitigate climate change may have various effects on the company's finances, valuation and order-taking activities.」
In addition to conventional disaster and accident risks, the disclosure identifies climate-related exposure, whereby the transition to a low-carbon society and progress in CO2 reduction activities may affect financial results, valuation and order-taking activities. It also describes the response to natural disasters through the company-wide BCP project. - FY2020-Q3MaterialisedAnnual report
「Revenue was ¥289.5 billion, a decrease of ¥17.4 billion from the cumulative third quarter of the previous fiscal year due to the foreign exchange impact of the stronger yen, the downturn in the Chinese market associated with US-China trade friction and the impact of Typhoon Hagibis.」
Regarding the previously identified risks related to natural disasters, the impact of Typhoon Hagibis is identified as an actual factor contributing to lower revenue. - FY2017RestatedAnnual report
「There is a possibility that a fire may occur or hazardous substances may leak. In the event of an accident, production activities may be temporarily suspended.」
The company continues to describe factory fires, hazardous substance leaks, and reduced production capacity caused by earthquakes in the Chubu region and disasters, war and terrorism at overseas sites. - FY2016First statedAnnual report
「The company produces hydraulic products that utilize the properties of oil. It also has painting facilities that use organic solvents and tanks for storing hydraulic oil, chemicals and other substances, creating the possibility of fires or hazardous substance leaks. If an accident occurs, production activities may be temporarily suspended.」
The disclosure describes reduced production capacity caused by fires and hazardous substance leaks, as well as earthquakes, disasters, war and terrorism at sites in the Chubu region and overseas.