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Kobe Electric Railway (9046) · RiskUpdate to the estimated impact under climate scenarios

Natural disasters such as earthquakes and floods in southern Hyogo Prefecture

First written in FY2017. 3 of 9 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.

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ProgressHeldSoftenedWorseFirst statedFY2017 – FY2018MaterialisedFY2019-Q2 – FY2019OtherFY2024 – FY20262017: 120172018: 220182019: 220192020: 020202021: 020212022: 120222023: 120232024: 120242025: 020252026: 12026
Same theme, other companies

Kobe Electric Railway moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).

0 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Update to the estimated impact under climate scenariosAnnual report

    「Increase in the tax burden from the imposition of a carbon tax [as of fiscal 2035]: ¥400 million per year; increased damage to facilities, including slope collapses and subgrade washouts, and lower passenger transportation revenue resulting from more frequent heavy rain events with daily precipitation of 100 mm or more [average for 2076–2095, as of the end of the 21st century]: ¥17 million per year and ¥8 million per year; increased flood inundation damage associated with heavy rain exceeding the design level and lower passenger transportation revenue [as of fiscal 2050]: ¥16 million per year and ¥5 million per year.」

    The company updated the periods covered by its climate-scenario analysis and the estimated financial impacts, presenting the effects of the carbon-tax burden, facility damage and lower passenger revenue caused by heavy rains, and flood damage.
  2. FY2024Update to the estimated impact under climate scenariosAnnual report

    「The results are as shown in the table below. Increase in the tax burden from the imposition of a carbon tax [as of fiscal 2030]: ¥330 million per year under the 1.5°C–2°C scenario; increased damage to facilities, including slope collapses and subgrade washouts, and lower passenger transportation revenue resulting from more frequent heavy rain events with daily precipitation of 100 mm or more [average for 2076–2095, as of the end of the 21st century]: ¥16 million per year under the 4°C scenario and ¥8 million per year under the 1.5°C–2°C scenario.」

    For natural-disaster and climate-change risks, the company updated its estimates of the financial impact based on climate-scenario analysis and presented estimates for the carbon tax, facility damage from heavy rains and lower passenger transportation revenue.
  3. FY2023WorsenedAnnual report

    「Under the 2°C scenario, the company confirmed that tighter environmental regulations resulting from policy measures and other factors, the imposition of a carbon tax and higher electricity prices would have a significant impact on operations.」

    Disclosure of natural-disaster risks has become more specific, expanding from descriptions of the possibility of abnormal weather, torrential rains and powerful typhoons to an explanation based on climate-change scenarios that includes estimates of the financial impact of a carbon tax, electricity prices, and damage from torrential rains and floods. The estimated scenario impacts include a carbon tax of ¥300 million per year, electricity prices of ¥110 million per year, and ¥8 million to ¥16 million per year for damage to facilities caused by heavy rains and other factors.
  4. FY2022ReframedAnnual report

    「The company is carrying out disaster-prevention work, including the reinforcement of bridges, tunnels and slopes, in preparation for natural disasters, but its facilities may be damaged by torrential rains and powerful typhoons associated with abnormal weather in recent years, resulting in service suspensions.」

    The company has added abnormal weather, torrential rains, powerful typhoons and climate change to its existing disclosures on the risk of natural disasters such as earthquakes and floods, specifying the possibility of disaster-prevention work and service suspensions.
  5. FY2019MaterialisedAnnual report

    「Primarily emergency restoration costs of ¥251 million related to sites damaged by the July 2018 torrential rains and other events」

    Damage caused by the July 2018 torrential rains and other events continued to be reflected in results, and a disaster-related loss of ¥251 million was recorded.
  6. FY2019-Q3MaterialisedAnnual report

    「Because damage caused by the July 2018 torrential rains and other events was recorded as an extraordinary loss, net income attributable to owners of the parent was ¥1,509 million, down ¥34 million, or 2.2%, from the same period of the previous year.」

    Damage caused by the July 2018 torrential rains and other events continued to affect results, and a disaster-related loss of ¥250 million was recorded.
  7. FY2019-Q2MaterialisedAnnual report

    「Because damage caused by the July 2018 torrential rains and other events was recorded as an extraordinary loss, net income attributable to owners of the parent was ¥932 million, down ¥89 million, or 8.7%, from the same period of the previous year.」

    Previously, the company disclosed earthquakes, floods and other natural disasters as potential risks, but damage caused by the July 2018 torrential rains and other events occurred, and a disaster-related loss of ¥250 million was recorded.
  8. FY2018RestatedAnnual report

    「A natural disaster, such as an earthquake causing significant damage to the area or flooding caused by a typhoon, could have a significant impact on the operating results and financial position of our Group.」

    The company continues to disclose the risk of natural disasters, including earthquakes and floods, affecting railway facilities, rental buildings and other assets in southern Hyogo Prefecture.
  9. FY2017First statedAnnual report

    「A natural disaster, such as an earthquake causing significant damage to the area or flooding caused by a typhoon, could have a significant impact on the operating results and financial position of our Group.」

    This indicates that railway facilities, rental buildings and other assets owned in southern Hyogo Prefecture may be exposed to natural disasters such as earthquakes and floods.
Moved together

"Valuation Losses on Land Held for Sale and Impairment Losses on Fixed Assets Due to Declining Land Prices" moved the same way as this thread, in the same document, in 3 of its 9 moves.

3322★1234
  1. ★This thread
  2. 1Valuation Losses on Land Held for Sale and Impairment Losses on Fixed Assets Due to Declining Land Prices3×
  3. 2FY2018 Full-Year Distribution Industry: Revenue and Operating Profit Declines3×
  4. 3Intensifying Competition in the Distribution Industry and Sluggish Growth in the Fresh Foods Segment2×
  5. 4Medium-Term Management Plan "Group Vision 2016"2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Kobe Electric Railway's next results are scheduled for 2026-10-29. Read the earnings preview
News
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