Risks Associated with Difficulties in Enforcing Security Interests and Natural Disasters
First written in FY2017. 2 of 4 entries say "Mitigated", first in FY2021. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023MitigatedAnnual report
「Accordingly, the Bank Group's business continuity plan defines emergency roles and responses, including the establishment of an overall emergency response headquarters headed by the Bank's president in an emergency. The Group is also working to avoid and mitigate human and physical damage and improve the effectiveness of its business continuity framework by conducting drills, renovating facilities and securing emergency supplies.」
Specified responses to natural disasters, infectious diseases and other events through an overall emergency response headquarters, drills, facility renovations and the securing of emergency supplies. - FY2021MitigatedAnnual report
「As measures against COVID-19, the Bank has implemented split operations and remote work according to the spread of infections in each region, and introduced lunch breaks at the customer service counters of its branches.」
In response to business-continuity risks from disasters and infectious diseases, it has implemented split operations, remote work and lunch breaks at branch counters. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current fiscal year, Japan's economy experienced a temporary slowdown in its recovery as torrential rains, earthquakes and other natural disasters occurred in succession. In Kagawa Prefecture, the Bank's home market, some industries also experienced a decline in operating performance due to the effects of the torrential rains in western Japan and extreme heat.」
States that torrential rains, earthquakes and extreme heat actually slowed the economic recovery and weighed on the performance of some industries. - FY2017First statedAnnual report
「Because of a lack of liquidity or declines in real estate market prices, declines in securities prices and other factors, it may in practice be impossible to convert into cash real estate and securities pledged as collateral or to enforce against assets held by borrowers.」
Describes the difficulty of enforcing security interests and the impact of earthquakes, infrastructure disruptions, infectious disease outbreaks and other events on facilities and regional economies as risks.