Business Interruption Risk from Natural Disasters, Fires and Epidemics
First written in FY2018. 8 of 18 entries say "Materialised", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2020: 67 of 113 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The Group has prepared a disaster preparedness handbook and established policies for responding to disasters. However, unexpected natural disasters such as earthquakes and floods, sudden fires and accidents, and outbreaks of infectious diseases could force the suspension of operating activities, potentially affecting the performance of the Group.」
The company reconfirmed the risk of business interruption caused by natural disasters, fires and accidents, and epidemics, as well as its response under the disaster preparedness handbook. - FY2024Update to disaster loss amountAnnual report
「A typhoon that occurred off Guam on 24 May 2023 caused damage at the Group's subsidiaries Onward Golf Resort Guam Inc. and Onward Mangilao Guam Inc., and the damage to equipment and other assets was recognized as an extraordinary loss.」
For the previously disclosed typhoon damage off Guam, full-year disaster-related losses totaled ¥195 million. - FY2024-Q3Update to disaster loss amountAnnual report
「A typhoon that occurred off Guam on 24 May 2023 caused damage at the Group's subsidiaries ONWARD GOLF RESORT GUAM INC. and Onward Mangilao Guam,Inc., and the damage to equipment and other assets was recognized as an extraordinary loss. Of the ¥187 million in disaster-related losses, ¥82 million was provision for disaster-related losses.」
The company disclosed ¥187 million in disaster-related losses from the previously occurring typhoon damage off Guam, of which ¥82 million was provision for disaster-related losses. - FY2024-Q2MaterialisedAnnual report
「A typhoon that occurred off Guam on 24 May 2023 caused damage at the Group's subsidiaries ONWARD GOLF RESORT GUAM INC. and Onward Mangilao Guam,Inc. The estimated repair costs and other expenses for damage to equipment and other assets were recognized as an extraordinary loss under provision for disaster-related losses.」
The typhoon off Guam caused damage to equipment and other assets at subsidiaries, and the estimated repair costs and other expenses of ¥137 million were recognized as an extraordinary loss under provision for disaster-related losses. - FY2023-Q2MitigatedAnnual report
「Cumulative second-quarter consolidated accounting period (from 1 March 2022 to 31 August 2022) Fixed costs incurred during the closure period of directly operated stores in China were recognized as extraordinary losses.」
Losses from closures due to infectious diseases were limited to directly operated stores in China, and losses from temporary closures and other measures had declined to ¥4 million. - FY2023-Q1MitigatedAnnual report
「Cumulative first-quarter consolidated accounting period (from 1 March 2022 to 31 May 2022) Not applicable.」
No losses from temporary closures and other measures due to COVID-19 were recognized in the first quarter. Losses from the closure of stores and resorts, which had occurred through the previous fiscal year, were not disclosed for the quarter. - FY2022MaterialisedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
Temporary closures of stores and resorts in Japan and overseas due to infectious diseases also occurred for the full fiscal year, and ¥1,620 million in losses from temporary closures and other measures was recognized as an extraordinary loss. - FY2022-Q3MaterialisedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
Temporary closures of stores and resorts in Japan and overseas due to infectious diseases continued, and ¥1,311 million in losses from temporary closures and other measures was recognized for the cumulative third-quarter period. - FY2022-Q2MaterialisedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
Temporary closures of stores and resorts in Japan and overseas due to infectious diseases continued, and ¥1,062 million in losses from temporary closures and other measures was recognized as an extraordinary loss for the cumulative second-quarter period. - FY2022-Q1MaterialisedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
Temporary closures of stores and resorts in Japan and overseas continued, and ¥779 million in losses from temporary closures and other measures was recognized in the quarter. - FY2021MaterialisedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
Closures of stores and resorts in Japan and overseas due to infectious diseases actually occurred, and ¥3,893 million in losses from temporary closures and other measures was recognized. - FY2021-Q3MaterialisedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
Temporary closures continued in Japan, North America, Europe, and elsewhere, and ¥3,722 million in losses from temporary closures and other measures was recognized as an extraordinary loss. - FY2021-Q2RestatedAnnual report
「In response to requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
The company reconfirmed the temporary closure of stores and resorts in Japan and overseas and the recognition of fixed costs during the closures as extraordinary losses. - FY2021-Q1RestatedAnnual report
「In light of requests from the government and local authorities concerning COVID-19, many stores in commercial facilities, directly operated stores, resorts, and other facilities in Japan, North America, Europe, and elsewhere were temporarily closed. Fixed costs incurred at stores and resorts during the closure period, including personnel expenses, depreciation, and rent, were recognized as extraordinary losses under “losses from temporary closures and other measures.”」
The company continued to provide specific disclosure on the temporary closure of stores and resorts in Japan and overseas due to COVID-19 and the recognition of related fixed costs as extraordinary losses. - FY2020MaterialisedAnnual report
「In response to the global spread of COVID-19, some of the Group's stores in Japan and overseas suspended operations and took other measures.」
What had previously been disclosed as the risk of business interruption caused by future epidemics actually materialized as the suspension of operations at stores in Japan and overseas due to the spread of COVID-19. - FY2019RestatedAnnual report
「The Group has prepared a disaster preparedness handbook and established policies for responding to disasters. However, unexpected natural disasters such as earthquakes and floods, sudden fires and accidents, and outbreaks of infectious diseases such as novel influenza could force the suspension of operating activities, potentially affecting the performance of the Group.」
The company reconfirmed the risk of business interruption caused by natural disasters, fires and accidents, and epidemics, as well as its response under the disaster preparedness handbook. - FY2019-Q2RestatedAnnual report
「The outlook for the economy has become uncertain, with natural disasters such as torrential rain, typhoons, and earthquakes occurring.」
The occurrence of natural disasters such as torrential rain, typhoons, and earthquakes was cited as a source of uncertainty, but no resulting business interruption was disclosed. - FY2018First statedAnnual report
「Unexpected natural disasters such as earthquakes and floods, sudden fires and accidents, and outbreaks of diseases such as novel influenza could force the Group to suspend operating activities and could affect its results.」
Business interruption caused by natural disasters, fires, accidents and epidemics is identified as a risk, with the Group’s disaster-preparedness handbook cited as a response measure.