Risk of Business Interruption Due to Natural Disasters and Social Infrastructure Disruptions
First written in FY2017. 2 of 3 entries say "Materialised", first in FY2020. Latest entry: FY2021.
The whole theme swung hardest in 2018: 21 of 93 companies on the "Worse" side.
- FY2021MaterialisedAnnual report
「Ten years after the Great East Japan Earthquake, Fukushima’s recovery is entering a new phase. Against this backdrop, the continuing issue of reputational damage, the heavy-rain disaster in 2019 and the effects of the Fukushima offshore earthquake in February of this year were observed.」
The filing states that the natural-disaster risk materialized through the effects of the Fukushima offshore earthquake in February, following Typhoon Hagibis and other disasters. - FY2020MaterialisedAnnual report
「The economy in Fukushima Prefecture, our main operating base, was generally on a gradual recovery path, with personal consumption improving gradually. However, in addition to severe damage from torrential-rain disasters including Typhoon Hagibis, which occurred in the fall, the impact of COVID-19 heightened uncertainty about the outlook, and the economy entered a downturn by the end of the fiscal year.」
The natural-disaster risk previously assumed materialized through severe damage caused by Typhoon Hagibis and other torrential-rain disasters. - FY2017First statedAnnual report
「Earthquakes and other natural disasters, social-infrastructure failures such as power outages, and crime may adversely affect the Bank’s results and business operations.」
The filing describes the potential effects of earthquakes, power outages and crime on the head office, operations centers, branches and other facilities.