Damage to stores and service facilities and business interruption caused by natural disasters and pandemics
First written in FY2017. 8 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
Nissan Tokyo Sales Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 30 of 48 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We will continue implementing the necessary hygiene controls even as restrictions on activities are eased.」
Hygiene controls continue as a response to the risk of business interruption caused by the infectious disease, even after restrictions on activities were eased. - FY2023-Q3MaterialisedAnnual report
「The loss from responding to the infectious disease recorded as a special loss for the cumulative third quarter of the previous fiscal year (1 April 2021 to 31 December 2021) and the cumulative third quarter of the current fiscal year (1 April 2022 to 31 December 2022) represents personnel expenses and other costs incurred at stores and other locations that temporarily closed due to the spread of COVID-19.」
The company recorded a ¥2 million loss from responding to the infectious disease during the cumulative third quarter, and costs related to store closures and other measures due to the infectious disease continue to arise. - FY2023-Q2MaterialisedAnnual report
「The loss from responding to the infectious disease recorded as a special loss for the cumulative second quarter of the previous fiscal year (1 April 2021 to 30 September 2021) and the cumulative second quarter of the current fiscal year (1 April 2022 to 30 September 2022) represents personnel expenses and other costs incurred at stores and other locations that temporarily closed due to the spread of COVID-19.」
The company recorded a ¥1 million loss from responding to the infectious disease during the cumulative second quarter, comprising personnel expenses and other costs at stores and other locations that temporarily closed due to the spread of COVID-19. - FY2023-Q1MaterialisedAnnual report
「The loss from responding to the infectious disease recorded as a special loss for the cumulative first quarter represents personnel expenses and other costs incurred at stores and other locations that temporarily closed due to the spread of COVID-19.」
The company recorded a ¥1 million special loss for responding to the infectious disease, comprising personnel expenses and other costs at stores and other locations that temporarily closed due to the spread of COVID-19. - FY2022MitigatedAnnual report
「Although it remains difficult to forecast when COVID-19 will end and how it will affect the results of operations and other matters in the following consolidated fiscal year, rigorous hygiene controls to ensure the safety of customers and employees have become established at our Group, and we believe that its impact on our Group's business activities, results of operations and other matters will be limited.」
Although the timing of the end of the infectious disease remains uncertain, the company states that hygiene controls have become established and that the impact on business activities and results of operations is limited. - FY2022-Q3MaterialisedAnnual report
「The loss from responding to the infectious disease recorded as a special loss for the cumulative third quarter of the previous fiscal year (1 April 2020 to 31 December 2020) and the cumulative third quarter of the current fiscal year (1 April 2021 to 31 December 2021) represents losses incurred by our Group in responding to the government's state of emergency declaration and requests from local authorities to refrain from nonessential activities to prevent the spread of COVID-19, including leave compensation for employees.」
Losses of ¥21 million, including leave compensation, related to responding to the spread of COVID-19 were incurred during the cumulative third quarter, and the pandemic's impact on business operations continues. - FY2022-Q2RestatedAnnual report
「The loss from responding to the infectious disease recorded as a special loss for the cumulative second quarter of the previous fiscal year (1 April 2020 to 30 September 2020) and the cumulative second quarter of the current fiscal year (1 April 2021 to 30 September 2021) represents losses incurred by our Group in responding to the government's state of emergency declaration and requests from local authorities to refrain from nonessential activities to prevent the spread of COVID-19, including leave compensation for employees.」
A loss of ¥15 million related to responding to the spread of COVID-19 was incurred during the cumulative second quarter, and the pandemic's impact on business operations continues. - FY2021MaterialisedAnnual report
「Amid the spread of COVID-19, our Group has continued operating stores with rigorous hygiene controls, prioritizing the safety of customers and employees. As the timing of the end of the situation remains uncertain, we will continue implementing measures necessary to prevent the spread of infection.」
The operational risk posed by the pandemic has continued to affect actual store operations, and hygiene controls and measures to prevent the spread of infection remain in place. - FY2021-Q3MaterialisedAnnual report
「Although the timing of the end of COVID-19 remains uncertain, including the reissuance of a state of emergency declaration in January this year, we will continue working to increase unit sales while rigorously implementing measures to prevent the spread of infection.」
A state of emergency declaration concerning COVID-19 was reissued in January 2021, and the infectious disease risk and its impact on business operations continue. - FY2021-Q2MaterialisedAnnual report
「The loss from responding to the infectious disease, recorded as a special loss for the cumulative second quarter, represents losses incurred by our Group in responding to the government's state of emergency declaration and requests from local authorities to refrain from nonessential activities to prevent the spread of COVID-19, including leave compensation for employees.」
Losses of ¥290 million, including leave compensation, incurred in responding to the spread of COVID-19 were actually recorded as a special loss. The operational risk posed by the infectious disease has also materialized as a specific financial loss. - FY2021-Q1MaterialisedAnnual report
「As a Group primarily engaged in automobiles, an important means of transportation, we maintained systems for legally required servicing, including vehicle inspections and maintenance, as well as repairs and sales, while operating stores with reduced opening hours and fewer employees on site in response to the government's state of emergency declarations and requests from local authorities to refrain from nonessential activities, in order to ensure the safety of customers and employees.」
A risk previously described as the possibility of business interruption caused by natural disasters or pandemics materialized in the form of actual measures taken in response to the spread of COVID-19, including state of emergency declarations, requests from local authorities to refrain from nonessential activities, reduced opening hours, reduced staffing and leave compensation, as well as a ¥290 million special loss for responding to the infectious disease. - FY2019RestatedAnnual report
「If a major natural disaster such as an earthquake or flood, or a pandemic such as a novel influenza outbreak, causes damage to store or service facilities or human casualties resulting in business interruption, it may affect our Group's results.」
The risks of facility damage, human casualties and business interruption caused by natural disasters and pandemics continue. - FY2017First statedAnnual report
「If a major natural disaster such as an earthquake or flood, or a pandemic such as a novel influenza outbreak, causes damage to store or service facilities or human casualties resulting in business interruption, it may affect our Group's results.」
The company identifies damage to facilities, human casualties and business interruption caused by natural disasters and pandemics as risks.