Top Culture (7640) · RiskMitigated
Typhoon No. 19 Damage to Store Equipment and Inventories
First written in FY2019. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2020-Q1.
2entries
1years
0from disclosures
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Concurrent Recognition of Disaster Losses and Insurance ProceedsA theme 12 companies write about · 10 as a headwind · 1 as a tailwind
1 other company's latest entry also says "Mitigated".
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- FY2020-Q1MitigatedAnnual report
「Tsutaya Bookstore Higashimatsuyama, operated by the company, sustained severe damage from Typhoon Hagibis in October 2019 and had been closed, but resumed operations on 27 December 2019.」
After Tsutaya Bookstore Higashimatsuyama sustained severe damage from Typhoon Hagibis and closed temporarily, it resumed operations on 27 December 2019. - FY2019MaterialisedAnnual report
「In October 2019, we recorded ¥344 million in extraordinary losses for disaster-related losses and impairment losses on property, plant and equipment caused by Typhoon Hagibis, and ¥362 million in extraordinary income for compensation received in connection with the typhoon damage.」
Actual damage to store facilities and inventories caused by Typhoon Hagibis resulted in ¥344 million of disaster-related losses and other expenses, while ¥362 million of compensation received, including insurance proceeds and support payments, was recorded.