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Avex (7860) · RiskRestated

Business Interruption Risk Caused by Cyberattacks and System Failures

First written in FY2023. 2 of 4 entries say "Restated". Latest entry: FY2024.

4entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2023MaterialisedFY2024-Q2RestatedFY2024-Q3 – FY20242023: 220232024: 22024
Same theme, other companies
Business continuity risk arising from cyber incidents and large-scale system outagesA theme 51 companies write about · 51 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2020: 2 of 8 companies on the "Worse" side.

11 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 51 companies compared. The sentences above are computed from all 51.
Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「Our group uses a range of system-based services in providing its services and conducting operations within the group. Accordingly, we have implemented various security measures and developed backup systems to respond to the loss, leakage or alteration of important data, system outages and other incidents caused by cyberattacks, unauthorized access, natural disasters, temporary excessive loads on servers and other factors.」

    The company has reaffirmed the risks of cyberattacks, excessive server loads, data loss, leakage and alteration, and system outages, as well as security and backup measures.
  2. FY2024-Q3RestatedAnnual report

    「This represents damages paid in connection with the cancellation of broadcasts of certain performances due to server trouble at a streaming platform operated by a consolidated subsidiary of the company.」

    The company has reaffirmed the cancellation of broadcasts of certain performances due to server trouble at the streaming platform and the recording of ¥160 million in damages. The risk of system failures has been disclosed as an actual event.
  3. FY2024-Q2MaterialisedAnnual report

    「This represents damages paid in connection with the cancellation of broadcasts of certain performances due to server trouble at a streaming platform operated by a consolidated subsidiary of the company.」

    The cancellation of broadcasts of certain performances actually occurred due to server trouble at the streaming platform, and ¥176 million in damages was recorded as an extraordinary loss.
  4. FY2023First statedAnnual report

    「However, as cyberattacks have become increasingly sophisticated in recent years, there is no guarantee that such attacks can be completely prevented through measures against information loss, alteration and leakage. Service suspensions until recovery and increased security costs could affect the business activities and performance of our group.」

    Cyberattacks, unauthorized access, natural disasters, and data loss, leakage, alteration and system outages caused by excessive access are identified as separate business risks, with security measures and the development of backup systems also discussed.
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Business Interruption Risk Caused by Cyberattacks and System Failures | Avex Inc. (7860) | Komori