Natural Disaster, Secondary Disaster and Reputational Damage Risks
First written in FY2018. 2 of 4 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2018: 21 of 93 companies on the "Worse" side.
- FY2020-Q3MaterialisedAnnual report
「Although employment and income conditions in Japan continued to improve, the economy became increasingly weak due to sluggish overseas economies and the effects of natural disasters such as typhoons.」
Natural disasters such as typhoons are explicitly identified as factors contributing to weakness in the domestic economy. - FY2019RestatedAnnual report
「Reputational damage associated with natural disasters and secondary disasters may also affect our overall business activities.」
The company has reconfirmed the risks of natural disasters, secondary disasters and reputational damage, as well as its response through its business continuity plan (BCP). - FY2019-Q3MaterialisedAnnual report
「In domestic gas transportation, LPG shipments remained sluggish due to seasonal factors through the summer and an unusually warm winter from early autumn onward. Petrochemical gas shipments were affected by scheduled maintenance at shipping plants in early spring and shutdowns caused by the 2018 Hokkaido Eastern Iburi Earthquake, and also remained sluggish.」
The shutdown of a shipping plant caused by the 2018 Hokkaido Eastern Iburi Earthquake actually occurred and contributed to weak shipments in domestic gas transportation. - FY2018First statedAnnual report
「Our group’s business activities extend across Asia, including Japan, the Middle East, Europe, North America and other regions, and may be affected by natural disasters and secondary disasters in each region. In particular, if a natural disaster or secondary disaster occurs in the Tokyo metropolitan area or eastern Japan, where our group is headquartered and where its real estate assets are concentrated, it could have a significant impact on our overall business activities. Reputational damage associated with natural disasters and secondary disasters may also affect our overall business activities.」
The risk that natural disasters, secondary disasters and associated reputational damage may affect overall business activities, including those in the Tokyo metropolitan area, is disclosed separately.