Business impacts of natural disasters, particularly volcanic activity in Hakone
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: FY2020.
Ukai moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2018: 4 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「For restoration, the company was forced to close temporarily for concentrated construction for 25 days from 12 October to 5 November of that year and for 31 days from 2 February to 3 March 2020. During other periods, it was also forced to operate on a limited basis using only facilities that remained available, which had a significant impact on operating performance.」
The damage to Ukai Toriyama caused by Typhoon No. 19 resulted in a temporary closure during a total of 56 days of concentrated construction, as well as limited operations, significantly affecting full-year operating performance. - FY2020-Q3MaterialisedAnnual report
「Restoration work at Ukai Toriyama, which was damaged by the typhoon, is still in progress, and full recovery is expected to take time. It is difficult to reasonably estimate the impact of the damage on operating performance at this time because restoration costs may fluctuate depending on the progress of future construction and the amount of insurance proceeds covering the damage has not been finalized. Accordingly, the company has left unchanged its full-year earnings forecast announced on 16 May 2019 in the "Summary of Financial Results for the Fiscal Year Ended March 2019 [Japanese GAAP] (Non-consolidated)."」
The damage caused by Typhoon No. 19 was still being addressed, and the company stated that restoration work was still in progress. It said the impact on operating performance could not be reasonably estimated because restoration costs could fluctuate and the amount of insurance proceeds had not been finalized. It also recorded a ¥182 million disaster-related loss. - FY2020-Q2MaterialisedAnnual report
「In addition, Typhoon No. 19, which made landfall in the Tokyo metropolitan area on 12 October 2019, caused extensive damage to the buildings and other property at the Group's Ukai Toriyama restaurant, forcing it to close temporarily. As of the date of this report, the restaurant has resumed operations except for part of the premises. The impact of the typhoon on the company's operating performance is currently under review, but estimating the cost of restoring the premises to their original condition will take considerable time. As an impact on operating performance is expected, the company will make a timely disclosure as soon as the details are confirmed.」
Typhoon No. 19 damaged the buildings and other property at Ukai Toriyama, resulting in a temporary closure. The company stated that, as of the filing date, operations had resumed except for part of the premises, while the impact on operating performance was still under review. - FY2019RestatedAnnual report
「The company has its business base in the Kanto region. If a major disaster, such as an earthquake or abnormal weather, occurs in the region in the future and results in the suspension or reduction of operations at its stores, its operating performance and financial condition may be affected.」
The company reiterated the risk that earthquakes, abnormal weather and other events in the Kanto region could result in store closures, reduced operations and lower consumer spending. - FY2018RestatedAnnual report
「The company has its business base in the Kanto region. If a major disaster, such as an earthquake or abnormal weather, occurs in the region in the future and results in the suspension or reduction of operations at its stores, its operating performance and financial condition may be affected.」
The company reiterated the risk that earthquakes, abnormal weather and other events in the Kanto region could result in store closures, reduced operations and lower consumer spending. - FY2017RestatedAnnual report
「The company has its business base in the Kanto region. If a major disaster, such as an earthquake or abnormal weather, occurs in the region in the future and results in the suspension or reduction of operations at its stores, its operating performance and financial condition may be affected.」
The company reiterated the general natural disaster risk that earthquakes, abnormal weather and other events in the Kanto region could result in store closures or reduced operations. - FY2017-Q3RestatedAnnual report
「As a result of these strengthened sales activities, visitor numbers, which had declined due to the increased volcanic activity around Owakudani in Hakone two years ago, have recovered to almost normal levels, and sales were ¥956 million, up 30.8% year on year.」
The company reaffirmed the recovery in visitor numbers at Hakone Venetian Glass Forest through strengthened programs, events and sales activities, with sales of ¥956 million, up 30.8% year on year. - FY2017-Q2RestatedAnnual report
「As a result of these strengthened sales activities, visitor numbers, which had declined due to the increased volcanic activity around Owakudani in Hakone last year, have recovered to almost normal levels, and sales were ¥593 million, up 36.8% year on year.」
The company continued to report a recovery in visitor numbers to almost normal levels and higher sales through strengthened programs, events and sales activities, as in the previous quarter. - FY2017-Q1MitigatedAnnual report
「In our cultural operations, we have held various programs and events and further strengthened sales activities to achieve an early recovery from the decline in visitors caused by the increased volcanic activity around Owakudani in Hakone last year. As a result of these strengthened sales activities, visitor numbers, which had declined due to the increased volcanic activity around Owakudani in Hakone, have recovered to almost normal levels, and sales were ¥273 million, up 22.9% year on year.」
In response to the decline in visitors caused by Hakone volcanic activity, visitor numbers recovered to almost normal levels as a result of strengthening programs, events and sales activities. - FY2016First statedAnnual report
「Volcanic activity around Owakudani in Hakone became more intense from May 2015, and the volcanic alert level was raised to 3 (entry restrictions) in June. As a result, the number of tourists visiting Hakone declined, and our museum was also affected, with visitor numbers falling significantly in the first half compared with the same period of the previous year.」
While identifying natural disaster risks in the Kanto region, the company experienced Hakone volcanic activity during the period, which led to declines in visitors and sales at Hakone Venetian Glass Forest.