Risk of Operating and Financial Impacts from the Fire at the Kendedepo Soka-Sesaki Store
First written in FY2023-Q1. 1 of 4 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2024.
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- FY2024MitigatedAnnual report
「Provision for disaster-related losses 72 —」
The provision for disaster-related losses related to the fire at the KEN DEPOT Soka Sezaki store decreased from ¥72 million at the end of the previous consolidated fiscal year to zero at the end of the current consolidated fiscal year. No disaster-related losses were recognised during the current consolidated fiscal year. - FY2023Full-year recognition of fire-related lossesAnnual report
「Because the fire damaged or destroyed leased properties and building fixtures and other assets owned by the company, the company recorded ¥271 million in the consolidated statement of income as “disaster-related losses” under extraordinary losses, comprising the provision for disaster-related loss allowances, losses on the destruction of property, plant and equipment and other items. In addition, property, plant and equipment on the consolidated balance sheet decreased by ¥33 million during the current fiscal year as a result of the fire.」
For the fire at the KEN DEPOT Soka Sezaki store, ¥271 million in disaster-related losses was recognised for the full fiscal year. Property, plant and equipment decreased by ¥33 million, and the balance of the provision for disaster-related losses at the end of the fiscal year was ¥72 million. - FY2023-Q3Recognition of fire-related lossesAnnual report
「Because the fire damaged or destroyed leased properties and building fixtures and other assets owned by the company, the company recorded ¥230 million in the quarterly consolidated statement of income as disaster-related losses under extraordinary losses, comprising the provision for disaster-related loss allowances, losses on the destruction of property, plant and equipment and other items. In addition, property, plant and equipment on the quarterly consolidated balance sheet decreased by ¥33 million during the nine-month period of the current fiscal year as a result of the fire.」
The impact of the fire at the KEN DEPOT Soka Sezaki store became quantifiable, and ¥230 million in disaster-related losses was recognised. Property, plant and equipment decreased by ¥33 million, and the balance of the provision for disaster-related losses at the end of the period was ¥52 million. - FY2023-Q1MaterialisedAnnual report
「A fire broke out on 13 June 2022 at the Soka Sesaki store of 株式会社建デポ, a consolidated subsidiary. The fire was extinguished the following day, 14 June, but the extent of the damage, prospects for restoration, and impact on future operations were still under investigation. It was difficult at that time to reasonably estimate the amount of losses related to the fire, including compensation under fire insurance and other policies.」
A fire occurred at Kendeu Depot's Soka Sesaki store and was extinguished the following day. The extent of damage, restoration prospects, impact on operations, and fire-related losses were under investigation and could not then be reasonably estimated.