Risk of Business Interruption Due to Disasters and BCP
First written in FY2016. 4 of 11 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 22 of 111 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The Company has prepared a basic business continuity plan and has implemented measures including preparing business continuity response manuals for these disasters, introducing a safety confirmation system and conducting disaster-preparedness training.」
The Company continues to address the risk of business interruption from disasters through BCP, business continuity response manuals, safety confirmation and disaster-preparedness training. - FY2024-Q3Recognition of insurance proceeds and disaster lossesAnnual report
「Extraordinary income Gain on sale of investment securities 1,893 1,150 Gain on business transfer - 130 Insurance proceeds - 996 Extraordinary losses Loss on sale of investment securities 1 1 Impairment loss on investment securities 0 - Losses from disasters - 683」
During the nine months ended the third quarter, the Company recognized ¥683 million in losses from disasters and ¥996 million in insurance proceeds. Although the text does not explain a direct relationship between the two, losses and insurance proceeds related to disaster risks are shown for the same period. - FY2024-Q2MaterialisedAnnual report
「Losses from disasters - 683」
The Company recognized ¥683 million in losses from disasters as an extraordinary loss, documenting the occurrence of losses related to previously assumed disaster risks. - FY2023RestatedAnnual report
「The Group has prepared a basic business continuity plan and has implemented measures including preparing risk management manuals for these disasters, introducing a safety confirmation system and conducting disaster-preparedness training.」
The Group continues to address the risk of business interruption from disasters and infectious diseases through BCP, safety confirmation and disaster-preparedness training. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the fiscal year, concerns over a renewed spread of COVID-19, shortages and soaring prices of raw materials, and deterioration in the export environment intensified toward the end of the period. Although demand related to IT and software investment continued to increase, business sentiment, which had previously been improving, levelled off and moves to restrain capital investment emerged, putting a brake on expectations for an economic recovery.」
The renewed spread of the infectious disease continues to have an actual impact on the economic environment. Shortages and soaring prices of raw materials, together with restrained capital investment, have added to the continuing impact of business-interruption risks related to disasters and infectious diseases. - FY2021WorsenedAnnual report
「During the fiscal year, the Japanese economy remained generally sluggish, beginning with a sharp slowdown caused by the spread of COVID-19 and continuing through the first and second waves, followed by the emergence and spread of variants.」
The previously assumed disaster risk of an infectious-disease outbreak materialized as an economic slowdown throughout the fiscal year and became more concrete through the first and second waves and the emergence of variants. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the fiscal year, the Japanese economy initially experienced a sharp slowdown due to the spread of COVID-19. Although signs of a recovery subsequently began to emerge as restrictions on economic and social activity were eased and activities resumed, the arrival of a third wave of infections caused conditions to deteriorate again in many areas, including the employment and income environment, capital investment, exports, personal consumption and inbound demand, making it extremely difficult to forecast the outlook.」
Following the second wave described in the previous quarter, the arrival of a third wave is also described, indicating that the impact of the infectious disease on economic and social activity is continuing and worsening. - FY2021-Q2WorsenedAnnual report
「During the first half of the fiscal year, the Japanese economy had been recovering moderately through the previous year, but entered a difficult situation marked by a continuing sharp slowdown due to the spread of COVID-19. Even after the state of emergency was lifted, the second wave arrived and the end of the infections was not in sight. Against a backdrop of instability, conditions remained uncertain, with deteriorating employment and income conditions, declines in exports and personal consumption, and weak inbound demand.」
Compared with the previous quarter, the disclosure specifies the continuing and more concrete effects of COVID-19, including the arrival of a second wave, the lack of visibility on the end of the infections, and declines in exports and personal consumption. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained in a difficult situation marked by a sharp slowdown, as the spread of COVID-19 led companies to voluntarily restrict their activities and the government to declare a state of emergency. Even after the state of emergency was lifted, conditions remained uncertain against a backdrop of instability, including deterioration in employment and income conditions, a substantial decline in personal consumption, particularly in food services and accommodation, and weak inbound demand.」
An infectious-disease outbreak had previously been assumed as one of the risks of business interruption, but the spread of COVID-19 was described as an actual economic environment characterized by voluntary restrictions on corporate activity, a state of emergency, deteriorating employment and income conditions, and declines in personal consumption and inbound demand. - FY2017RestatedAnnual report
「The Company has implemented measures including preparing risk management manuals for these disasters, introducing a computer-system data backup process and conducting disaster-preparedness training, in order to confirm the safety of officers and employees and implement its BCP (business continuity plan).」
The Company continues to disclose measures addressing disaster risks and BCP, data backups and disaster-preparedness training. - FY2016First statedAnnual report
「Disasters such as earthquakes, typhoons, fires and infectious-disease outbreaks could damage the Group's offices, plants, computer systems and officers and employees, potentially disrupting its sales and production activities.」
The Company identifies employee safety confirmation, BCP implementation, risk management manuals, data backups and disaster-preparedness training as countermeasures.