Operational and Supply Risks from Natural Disasters such as Earthquakes
First written in FY2016. 1 of 2 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2018: 32 of 132 companies on the "Worse" side.
- FY2020-Q3MaterialisedAnnual report
「Within watch sales, Japan's domestic market for the “CITIZEN” brand remained flat. High-priced products such as “The CITIZEN” and mid-priced products such as “PROMASTER” performed well, but this was offset by a decline in low-priced products, a slowdown in consumer sentiment following the consumption tax increase and the effects of repeated natural disasters.」
Repeated natural disasters actually emerged as a factor keeping sales in Japan's domestic watch market flat. - FY2016First statedAnnual report
「However, if an earthquake or other natural disaster exceeding expectations occurs, production activities and product supplies could be disrupted, and costs associated with recovery and other measures could have a significant impact on operating results and financial position.」
The company conducts disaster-prevention simulations and other activities, while identifying production and supply stoppages caused by natural disasters exceeding expectations as risks.