Risk of Production Stoppages Due to Natural Disasters and Accidents
First written in FY2016. 4 of 7 entries say "Materialised", first in FY2016. Latest entry: FY2022.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
- FY2022RestatedAnnual report
「Natural disasters, including major earthquakes and typhoons occurring across Japan and severe cold waves in the United States, as well as pandemics such as COVID-19, have had a major impact on economic activity.」
The company continues to disclose the risks of operating stoppages, procurement delays, price surges, and declines in orders and sales caused by natural disasters, accidents and pandemics, and also describes measures including telework, online meetings, temperature checks and disinfection. - FY2021ReframedAnnual report
「Natural disasters, including major earthquakes and typhoons occurring across Japan and severe cold waves in the United States, as well as pandemics such as COVID-19, have had a major impact on economic activity.」
The company has reorganized the risk of production stoppages caused by natural disasters and accidents as an extraordinary-event risk encompassing pandemics, procurement delays and price surges, and declines in orders and sales. - FY2019-Q3MaterialisedAnnual report
「In the United States, despite a decline in demand for passenger cars, sales increased by ¥611 million, or 0.8%, year on year to ¥7,421.3 million, due to growing demand for SUVs and the effect of new vehicle launches. However, segment profit decreased by ¥919 million, or 41.3%, year on year to ¥1,304 million, due to labor market tightness, higher labor costs associated with securing trained personnel, new vehicle launch costs, and the impact of production stoppages at certain customers caused by natural disasters in Mexico.」
The suspension of production at certain customers caused by natural disasters in Mexico is explicitly cited as affecting North American segment performance. - FY2019-Q2MaterialisedAnnual report
「Losses from disasters 27」
The company recognized ¥27 million in losses from disasters during the six-month period of the current second quarter of the consolidated fiscal year. - FY2019-Q1MaterialisedAnnual report
「Losses from disasters 26」
In the first quarter of the current fiscal year, the company recognized ¥26 million in losses from disasters on the income statement. - FY2017RestatedAnnual report
「Although the Group has installed disaster-prevention equipment and conducts regular inspections and testing of production facilities, it expects production and deliveries to be delayed or suspended as a result of fires, breakdowns, power outages and other incidents at production facilities and equipment caused by unexpected natural disasters or unforeseen accidents involving the company or its business partners.」
While maintaining disaster-prevention equipment and conducting regular inspections and testing, the company continues to disclose the risk of production and delivery delays or stoppages caused by natural disasters and accidents. - FY2016MaterialisedAnnual report
「The company expects production and deliveries to be delayed or suspended as a result of fires, breakdowns, power outages and other incidents at production facilities and equipment caused by unforeseen accidents involving the company or its business partners.」
During the current fiscal year, a fire occurred, resulting in ¥217 million in losses on fixed assets and other assets destroyed by the fire, as well as ¥390 million in insurance proceeds.