Business Interruption and Asset Damage Caused by Major Natural Disasters and Climate Change
First written in FY2019. 2 of 8 entries say "Worsened", first in FY2020. Latest entry: 2026-10-30.
The whole theme swung hardest in 2018: 21 of 92 companies on the "Worse" side.
- FY2024RestatedAnnual report
「If climate change causes chronic increases in temperature or intensifies acute natural disasters, ongoing condominium project construction sites and other properties managed or owned by the Group could sustain physical and human damage. In addition, during the transition to a low-carbon society as a climate change response, changes in consumer preferences could reduce sales, while tighter laws and regulations concerning environmental issues could increase costs, potentially affecting the Group's operating results.」
The physical and transition risks of climate change continue to be described, with the assessment and management framework made more specific, including 2°C and 4°C scenarios, analysis through 2050, and emissions reduction targets. - FY2023-Q3RestatedAnnual report
「Losses from disasters ¥279.229 million」
Disaster-related losses of ¥279.229 million were recorded as extraordinary losses for the cumulative period through the third quarter, and the accounting impact of damage from natural disasters and other events continues to be recognized. Insurance proceeds of ¥315.583 million were also recorded as extraordinary income. - FY2023-Q2MaterialisedAnnual report
「Losses from disasters ¥279.229 million」
Disaster-related losses of ¥279.229 million were recorded as extraordinary losses for the cumulative period through the second quarter, making the risk of damage from natural disasters and other events apparent as an accounting loss. Insurance proceeds of ¥315.583 million were also recorded as extraordinary income. - FY2022WorsenedAnnual report
「If climate change causes chronic increases in temperature or intensifies acute natural disasters, ongoing condominium project construction sites and other properties managed or owned by the Group could sustain physical and human damage. In addition, during the transition to a low-carbon society as a climate change response, changes in consumer preferences could reduce sales, while tighter laws and regulations concerning environmental issues could increase costs, potentially affecting the Group's business performance.」
In addition to the existing risks from natural disasters and infectious diseases, the physical risks of climate change and transition risks arising from consumer preferences and environmental regulations have been separately specified. - FY2020WorsenedAnnual report
「If natural disasters such as major earthquakes and climate change-related events, or the spread of infectious diseases and other epidemics (collectively, "earthquakes and other disasters"), occur, ongoing condominium project construction sites and other properties managed or owned by the Group could sustain physical and human damage. Social infrastructure could also cease to function, with associated deterioration in the economic environment. In such cases, the Group's business performance and financial position could be affected.」
In addition to natural disaster risks, climate change and the spread of infectious diseases are explicitly identified, broadening the potential impact to construction sites, owned properties, social infrastructure, and business performance. - FY2019First statedAnnual report
「The Group has formulated a business continuity plan (BCP) that establishes the necessary measures for large-scale natural disasters, including earthquakes, major floods, and wind-related disasters (collectively, "earthquakes and other disasters"), covering preparedness during normal operations, systems, responses, and standards of conduct when such disasters occur. The plan is intended to minimize human and physical damage to the Group, ensure employee safety and business continuity, and enable prompt recovery activities after a disaster. We will continue to enhance and strengthen the plan. However, if an earthquake or other disaster occurs, ongoing condominium project construction sites and other properties managed or owned by the Group could sustain physical and human damage. Social infrastructure could also cease to function, with associated effects on the economic environment. In such cases, the Group's business performance and financial position could be affected.」
Large-scale earthquakes, floods, wind-related disasters, and other natural disasters, together with resulting infrastructure disruptions, are described independently for the first time as risks affecting construction sites, owned properties, and business performance, along with the formulation and strengthening of the BCP.