Business interruption caused by large-scale disasters such as earthquakes
First written in FY2016. 4 of 8 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 22 of 111 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「After preparing manuals for responding to major disasters and other events, we have formulated a BCP (business continuity plan). Specifically, we are undertaking business continuity management based on various scenarios, including establishing a crisis management headquarters, relocating head office functions if the head office is affected by a disaster, and switching IT and systems to backup operations. We conduct regular testing, reviews and improvements to enhance the effectiveness of the BCP.」
While business interruption due to an infectious disease occurred in the past, the company detailed its BCP, training, and testing, review and improvement framework based on scenarios including natural disasters and system failures. - FY2021MaterialisedAnnual report
「As a result, net sales for the current consolidated fiscal year were ¥35,868 million, down 9.2% from the previous consolidated fiscal year.」
Regarding business interruption risk from major disasters, including infectious diseases, the Philippine plant was shut down and domestic stores were closed, resulting in full-year net sales declining 9.2% year on year. - FY2021-Q3MaterialisedAnnual report
「In terms of business performance, the company was significantly affected through the cumulative second quarter by the temporary suspension of production plants in the Philippines and the closure of some domestic stores due to the spread of COVID-19. In the third quarter under review, however, the impact was easing, and both net sales and profits exceeded the levels of the same quarter of the previous year.」
Regarding business interruption risk, the temporary shutdown of the Philippine plant and the closure of some domestic stores actually continued through the cumulative second quarter, while the company explained that the impact was beginning to abate in the third quarter. - FY2021-Q2MaterialisedAnnual report
「However, due to the temporary suspension of production plants in the Philippines and the closure of some domestic stores resulting from the spread of COVID-19, net sales for the cumulative second quarter under review were ¥14,793 million, down 26.5% year on year.」
Regarding business interruption risk, the temporary shutdown of the Philippine plant and the closure of some domestic stores continued through the cumulative second quarter, and net sales declined 26.5% year on year. - FY2021-Q1MaterialisedAnnual report
「However, owing to the temporary suspension of production at our plant in the Philippines and the closure of some domestic stores due to the spread of COVID-19, net sales for the cumulative first quarter of the current consolidated fiscal year were ¥5,414 million, down 37.0% year on year.」
The business interruption risk from major disasters and other events materialized in the form of a pandemic-related shutdown of the Philippine plant and closures of domestic stores. - FY2019RestatedAnnual report
「We have formulated a business continuity plan to fulfill our social responsibility by maintaining the production, logistics and sales functions of our company at a certain level even in the event of a major disaster, including an earthquake, and continuing to provide products and services to customers.」
The company continues to disclose its BCP aimed at maintaining production, logistics and sales functions, as well as the residual risk of disasters exceeding expectations. - FY2017MitigatedAnnual report
「We have formulated a business continuity plan to fulfill our social responsibility by maintaining the production, logistics and sales functions of our company at a certain level even in the event of a major disaster, including an earthquake, and continuing to provide products and services to customers.」
The company formulated a BCP aimed at maintaining production, logistics and sales functions in response to major disaster risks, and also described backup measures for information and inventory. - FY2016First statedAnnual report
「In light of the Great East Japan Earthquake that occurred on 11 March 2011, we have partially revised our business continuity plan. However, if the scale of a disaster greatly exceeds expectations, the performance of our corporate group could be affected.」
The company describes its revision of the BCP following the Great East Japan Earthquake, while identifying disasters exceeding expectations as a residual risk.