Distributing Overseas Production Sites and Switching to Alternative Production in Preparation for Natural Disasters and Other Events
First written in FY2016. 6 of 13 entries say "Mitigated", first in FY2017. Latest entry: FY2025.
12 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In this context, from the perspectives of risk management and business continuity planning (BCP), we are optimizing production bases across the group and working to establish a structure under which another factory can handle most of the alternative production if some factories become unable to operate due to local conditions or other factors.」
The company continues its BCP response through production diversification and alternative production in Thailand, Hanoi and Cebu. - FY2023-Q3MitigatedAnnual report
「Net income attributable to owners of the parent was ¥11,985 million, up 35.2% year on year, reflecting the recording of ¥305 million in disaster insurance proceeds related to the typhoon damage at the Cebu factory and a decrease in losses caused by the damage, despite a decline of ¥615 million in the gain on step acquisitions.」
Regarding the typhoon damage at the Cebu factory, the continued recording of ¥305 million in disaster insurance proceeds and the reduction in losses from the damage indicate that the financial impact was being offset and reduced. - FY2023-Q2MitigatedAnnual report
「Net income attributable to owners of the parent was ¥7,473 million, up 17.0% year on year, reflecting the recording of ¥305 million in disaster insurance proceeds related to the typhoon damage at the Cebu factory and a decrease in losses caused by the damage, despite a decline of ¥615 million in the gain on step acquisitions.」
Regarding the typhoon damage at the Cebu factory, the recording of ¥305 million in disaster insurance proceeds and the reduction in losses from the damage indicate that the financial impact was being offset and reduced. - FY2023-Q1MitigatedAnnual report
「Net income attributable to owners of the parent was ¥4,049 million, up 21.5% year on year. This reflected the recording of ¥305 million in disaster insurance proceeds related to the typhoon damage at the Cebu factory, despite a decline of ¥615 million in the gain on step acquisitions.」
The company recorded ¥305 million in disaster insurance proceeds related to the typhoon damage at the Cebu factory, helping offset the financial impact of the damage. - FY2022MitigatedAnnual report
「On 16 December 2021, Typhoon Rai (Typhoon No. 22) struck the Philippines, causing damage mainly to the device business of our consolidated subsidiary TOYOFLEX CEBU CORPORATION (the Cebu factory), but operations have been gradually resuming since mid-January. During the fiscal year under review, we recorded part of the losses from the typhoon damage as an extraordinary loss, but there was no material impact on the group’s results for the fiscal year as a whole.」
The company states that operations at the Cebu factory gradually resumed from mid-January after the typhoon damage and suspension of operations, and that there was no material impact on full-year results. - FY2022-Q3MaterialisedAnnual report
「On 16 December 2021, Typhoon Rai (Typhoon No. 22) struck the Philippines, causing damage mainly to the device business of our consolidated subsidiary TOYOFLEX CEBU CORPORATION (the Cebu factory), but operations have been gradually resuming since mid-January. During the nine-month period under review, we recorded part of the losses from the typhoon damage as an extraordinary loss. However, part of the damage is covered by insurance proceeds, and there has been no material impact on the group’s results for the current fiscal year as a whole.」
Regarding the typhoon damage at the Cebu factory, operations have been gradually resuming, while an extraordinary loss of ¥477 million was recorded for the nine-month period under review. Part of the damage can be covered by insurance proceeds, and the company states that there has been no material impact on overall results. - FY2022-Q2MaterialisedAnnual report
「On 16 December 2021, Typhoon Rai (Typhoon No. 22) struck the Philippines, causing damage mainly to the device business of our consolidated subsidiary TOYOFLEX CEBU CORPORATION (the Cebu factory). As a result, all operations, including product shipments, were temporarily suspended, but operations have been gradually resuming since mid-January.」
The Cebu factory was damaged by Typhoon No. 22, resulting in the temporary suspension of all operations, including product shipments. Operations have been gradually resuming since mid-January. - FY2021RestatedAnnual report
「We are working to establish a structure under which the same products can be manufactured at all three factories, so that another factory can handle most of the alternative production even if one factory becomes unable to operate due to local conditions or other factors.」
The company continues its BCP efforts to establish an alternative production structure under which the same products can be manufactured at the three factories in Thailand, Hanoi and Cebu. - FY2020-Q3MaterialisedAnnual report
「In addition, following the imposition of a stay-at-home order in Cebu province, the consolidated subsidiary TOYOFLEX CEBU CORPORATION (Cebu factory) has been operating on a limited basis temporarily. Alternative production necessitated by the decline in the Cebu factory’s operating rate is being carried out at ASAHIINTECC THAILAND CO., LTD. (Thailand factory) and ASAHI INTECC HANOI CO., LTD. (Hanoi factory), the group’s main factories. At present, there have been no significant issues with product supply.」
Although the Cebu factory actually operated on a limited basis because of a stay-at-home order related to an infectious disease, alternative production was carried out at the Thailand and Hanoi factories, and no significant issues with product supply have arisen. - FY2019RestatedAnnual report
「From the perspectives of risk management and business continuity planning (BCP), we are optimizing production bases across the group and working to establish a structure under which another factory can handle most of the alternative production if some factories become unable to operate due to local conditions or other factors.」
The company continues to establish a BCP structure under which the same products are manufactured at the three factories in Thailand, Hanoi and Cebu, enabling alternative production. - FY2018MitigatedAnnual report
「We are working to establish a structure under which the same products can be manufactured at all three factories, so that another factory can handle most of the alternative production even if one factory becomes unable to operate due to local conditions or other factors.」
For BCP purposes, the company is working to establish a structure under which the same products can be manufactured at the three factories in Thailand, Hanoi and Cebu, enabling the other factories to undertake alternative production. - FY2017MitigatedAnnual report
「The Cebu Medical factory has been operational since June 2017. We are optimizing production bases across the group with risk management in mind.」
The Cebu factory began producing medical devices, putting into concrete terms the BCP response based on alternative production and diversification of production bases, in addition to the Thailand and Vietnam factories. - FY2016First statedAnnual report
「Following the flooding in Thailand in 2011, we have also been diversifying our production bases from a business continuity planning (BCP) perspective.」
The company plans to use its Thailand, Hanoi and Cebu factories, as well as domestic facilities, to establish an alternative production structure in the event that one factory becomes unable to operate.