Risk of Business Interruption Due to Disasters, Infectious Diseases and Other Events in Japan and Overseas
First written in FY2016. 6 of 16 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
- FY2024AdvancedAnnual report
「Our group has established a BCP (business continuity plan) framework to respond to major disasters, including climate change-related events, and is preparing to continue operations in emergencies.」
In addition to the existing crisis management manual and plans for relocating head-office functions, a BCP framework covering major disasters, including climate change-related events, was explicitly stated. - FY2023MitigatedAnnual report
「Although the likelihood of the risk materializing is difficult to predict, we have prepared a crisis management manual and are educating all employees about it. The manual anticipates various risks, including relocating head-office functions if 象印マホービン's head office is damaged and becomes unusable.」
For business interruption risks from disasters, infectious diseases and other events, a crisis management manual, contingency planning including relocation of head-office functions, and measures to avoid concentrating administrative operations and production in a single location are being developed and considered. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, the pace of recovery in the global economy slowed, with the spread of the Omicron variant of the novel coronavirus and Russia's invasion of Ukraine acting as downside factors.」
The spread of the Omicron variant of the novel coronavirus continued to be identified as a factor slowing the recovery of the global economy. - FY2022-Q1WorsenedAnnual report
「During the six-month period ended the first quarter of the current consolidated fiscal year, the global economy showed increasing signs of slowing as the spread of the Omicron variant of the novel coronavirus and higher costs resulting from rising raw material prices and supply constraints weighed on it.」
In addition to the previous spread of the novel coronavirus and restrictions on activities, the spread of the Omicron variant was specifically identified as a factor slowing the global economy. - FY2021WorsenedAnnual report
「The economy is expected to recover gradually as vaccines become more widely available, but there is no clear prospect of the infectious disease being brought under control. Declines in sales due to continued requests to refrain from going out, lower overseas demand and restrictions on sales activities are expected to continue, potentially affecting our group's operating results and financial condition.」
Although a recovery was expected as vaccines became more widely available, there was no clear prospect of the infectious disease being brought under control, and continued restrictions on going out, lower overseas demand and restrictions on sales activities were anticipated. - FY2021-Q3RestatedAnnual report
「In Southeast Asia and Japan, where vaccination was progressing slowly, restrictions on going out and economic activity remained in place, and conditions continued to show limited resilience.」
Restrictions on going out and economic activity in Southeast Asia and Japan associated with the spread of the novel coronavirus disease continued. - FY2021-Q2RestatedAnnual report
「In Southeast Asia and Japan, restrictions on going out and economic activity remained in place, and conditions continued to show limited resilience.」
Restrictions on movement and economic activity associated with the spread of the novel coronavirus disease continued to be observed in Southeast Asia and Japan. - FY2021-Q1MaterialisedAnnual report
「As leisure and sports activities continued to be restricted because people were asked to refrain from going out due to the novel coronavirus disease, sales of stainless steel products, including stainless steel bottles and stainless steel food jars, fell below the previous year both in Japan and overseas.」
Restrictions on going out, leisure and sports activities associated with the infectious disease continued, and the impact on the business materialized as year-on-year declines in domestic and overseas sales of stainless steel products. - FY2020RestatedAnnual report
「In response to the spread of the novel coronavirus disease, the Risk Management Committee has issued employees guidelines on working from home, staggered working hours, the use of web conferences and whether to hold events, and we are conducting business activities while working to prevent infections.」
Responses to infectious disease risk through working from home, staggered working hours, web conferences and operational guidelines have continued. - FY2020-Q3RestatedAnnual report
「As a result, although sales of electric cooking appliances increased during the nine-month period ended the third quarter of the current consolidated fiscal year, driven by rice cookers and increased stay-at-home demand, stainless steel vacuum bottles remained weak, partly because of the impact of the spread of the novel coronavirus disease.」
The impact of the novel coronavirus disease continued to materialize as weak sales of stainless steel vacuum bottles, and ¥35 million in losses from the cancellation of sales promotion events was also recorded. - FY2020-Q2MaterialisedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥39,819 million, down 9.9% year on year. Stainless-steel vacuum bottles remained sluggish, partly due to the spread of COVID-19, while sales in China and Southeast Asia fell below the previous year's results. Domestic rice cooker sales also declined amid market stagnation, and the yen equivalent of overseas revenue was reduced by foreign exchange movements.」
Sales weakness caused by the novel coronavirus disease materialized in lower sales of stainless steel vacuum bottles in China, Southeast Asia and other regions. ¥29 million in cancellation fees and other costs associated with the cancellation of sales promotion events was also recorded as an extraordinary loss. - FY2020-Q1WorsenedAnnual report
「In addition, the spread of the novel coronavirus disease (COVID-19) may affect our group's business.」
In addition to the conventional general infectious disease risk, the potential impact of the spread of the novel coronavirus disease on our group's business was specifically stated. - FY2019-Q3MitigatedAnnual report
「Insurance proceeds represent the amount received under insurance covering the Fukomachi Plant of 象印ファクトリー・ジャパン株式会社, which was damaged by Typhoon No. 21 in September 2018.」
The receipt of insurance proceeds following damage to the plant caused by Typhoon No. 21 was disclosed, confirming financial compensation. - FY2018MaterialisedAnnual report
「Disaster-related losses represent the cost of restoring the Fukomachi Plant of 象印ファクトリー・ジャパン株式会社, which was damaged by Typhoon No. 21 in September 2018.」
Disaster risk materialized as ¥67 million in damage and restoration costs at the Fukomachi Plant caused by Typhoon No. 21. - FY2017RestatedAnnual report
「Our group conducts production and sales activities in Japan and overseas. If an earthquake, flood, typhoon, fire, war, infectious disease or other event occurs in these regions and our group or business partners suffer damage, our business activities may be disrupted, potentially affecting our group's operating results and financial condition.」
Business interruption risk from disasters, war, infectious diseases and other events was reiterated. - FY2016First statedAnnual report
「Our group conducts production and sales activities in Japan and overseas. If an earthquake, flood, typhoon, fire, war, infectious disease or other event occurs in these regions and our group or business partners suffer damage, our business activities may be disrupted, potentially affecting our group's operating results and financial condition.」
Natural disasters, war, infectious diseases and other events affecting production and sales regions and business partners in Japan and overseas were explicitly identified for the first time as business continuity risks.