Business interruptions caused by natural disasters, accidents and epidemics
First written in FY2016. 5 of 12 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2020: 76 of 118 companies on the "Worse" side.
- FY2021MitigatedAnnual report
「In addition, the spread of infection among our group’s personnel due to COVID-19, an epidemic or other event may force us to suspend business activities. Each group company has prepared a business continuity plan (BCP) and clarified its response in the event of an emergency.」
The company states that, in response to the risk of business interruption, including epidemics, each group company has prepared a BCP and clarified its response in the event of an outbreak. - FY2021-Q3MitigatedAnnual report
「Net income attributable to owners of the parent increased because no expenses incurred during the recovery process following the fire that occurred in January 2019 at タクセル株式会社, our consolidated subsidiary, were recognized during the fiscal year, while extraordinary gains were recognized from the receipt of fire insurance proceeds, the cancellation of insurance and the sale of fixed assets.」
No recovery costs were recognized for the fire that occurred in January 2019, while extraordinary gains including fire insurance proceeds were recognized, and the reduced impact of the accident continued. - FY2021-Q2MitigatedAnnual report
「Net income attributable to owners of the parent increased because no expenses incurred during the recovery process following the fire that occurred in January 2019 at タクセル株式会社, our consolidated subsidiary, were recognized during the quarter, while an extraordinary gain was recognized from the receipt of fire insurance proceeds.」
No recovery costs related to the fire in the previous fiscal year were recognized, while an extraordinary gain was recognized from the receipt of fire insurance proceeds, further reducing the impact of the accident. - FY2021-Q1MitigatedAnnual report
「Net income attributable to owners of the parent increased because no expenses incurred during the recovery process following the fire that occurred in January 2019 at タクセル株式会社, our consolidated subsidiary, were recognized during the quarter, while an extraordinary gain was recognized from the receipt of fire insurance proceeds.」
For the fire that occurred in the previous fiscal year, no recovery costs were recognized during the quarter, while an insurance gain of ¥78 million from the receipt of fire insurance proceeds was recognized as an extraordinary gain, reducing the impact of the accident from the previous fiscal year. - FY2020MaterialisedAnnual report
「The loss from the fire recorded in the consolidated statement of income for the fiscal year was damage caused by a fire that occurred on 2 March 2020 at an external warehouse entrusted with storing products of シーエルエス株式会社, our consolidated subsidiary.」
While the impact of the fire at Ono Sangyo continued, a fire also occurred on 2 March 2020 at an outsourced external warehouse storing products of シーエルエス株式会社, resulting in the recognition of a loss from the fire of ¥152 million. - FY2020-Q3MitigatedAnnual report
「Net income attributable to owners of the parent decreased due to expenses incurred during the fiscal year in the course of recovery from the fire that occurred in January 2019 at Ono Sangyo Co., Ltd., our consolidated subsidiary, and because there were no sales of rental real estate or marketable securities held by the company, unlike in the same quarter of the previous fiscal year. The damage caused by the fire and accident-related expenses are covered by property insurance. However, because the amount of insurance proceeds for the damage had only been partially determined at that point, part of the insurance proceeds was recognized during the nine months ended 31 December.」
Recovery costs from the fire continued to arise, and a loss from the fire of ¥29 million was recognized, while part of the impact was offset by the receipt and recognition of some insurance proceeds. - FY2020-Q2MaterialisedAnnual report
「The loss from the fire recorded in the consolidated statement of income for the second quarter of the fiscal year is the expense incurred at Ono Sangyo Co., Ltd., our consolidated subsidiary, during the recovery process following the fire in January 2019.」
The impact of the fire at Ono Sangyo continued as recovery costs, and a loss from the fire of ¥251 million was recognized. The amount of insurance proceeds for the accident-related damage had not been determined, so no amount was recognized in the quarter. - FY2020-Q1MaterialisedAnnual report
「Net income attributable to owners of the parent decreased due to expenses incurred during the fiscal year in the course of recovery from the fire that occurred in January 2019 at Ono Sangyo Co., Ltd., our consolidated subsidiary. The loss from the fire recorded in the consolidated statement of income for the first quarter of the fiscal year is the expense incurred at Ono Sangyo Co., Ltd. during the recovery process following the fire in January 2019.」
The impact of the fire at Ono Sangyo continued to arise as recovery costs, and a loss from the fire of ¥29 million was recognized. No insurance proceeds for the damage were recognized in the quarter because the amount to be received had not been determined. - FY2019MaterialisedAnnual report
「An extraordinary loss arose from the fire at Ono Sangyo Co., Ltd., our consolidated subsidiary, resulting in a decrease in net income attributable to owners of the parent. The extraordinary loss totaled ¥336 million, comprising an impairment loss of ¥191 million and a loss from the fire of ¥145 million.」
The fire at Ono Sangyo materialized as an extraordinary loss and impairment loss for the full fiscal year, and net income attributable to owners of the parent fell 15.3% year on year to ¥1,122 million. - FY2019-Q3MaterialisedAnnual report
「A fire occurred on 28 January 2019 at the Tochigi Plant of Ono Sangyo Co., Ltd., our consolidated subsidiary. We are currently examining the actual loss and the amount of the impact on operating results, and it is difficult at present to reasonably estimate the effect of this event on consolidated profit or loss for the fiscal year ending March 2019.」
The risk previously disclosed as the possibility of business interruption due to natural disasters and accidents materialized as a fire at a subsidiary’s plant. The actual loss and the impact on operating results are still under review, and the company states that a reasonable estimate is difficult. - FY2018RestatedAnnual report
「Natural disasters such as earthquakes and floods, and events such as fires and accidents, may damage our buildings and owned assets, suspend sales and head-office functions, and result in recovery costs, which may affect our group’s operating results and financial condition. In addition, the spread of infection among our group’s personnel due to an outbreak of an epidemic or other event may force us to suspend business activities.」
The company continues to disclose the risk of business interruption due to natural disasters, accidents and epidemics. - FY2016First statedAnnual report
「Natural disasters such as earthquakes and floods, and events such as fires and accidents, may damage our buildings and owned assets, suspend sales and head-office functions, and result in recovery costs, which may affect our group’s operating results and financial condition. In addition, the spread of infection among our group’s personnel due to an outbreak of an epidemic or other event may force us to suspend business activities.」
In addition to natural disasters and accidents, the company describes employee infections caused by epidemics and the resulting interruption of business activities.