Railway damage to multiple lines caused by the heavy rains associated with the 2023 Baiu front
First written in FY2024-Q1. 1 of 4 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2024.
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- FY2024Full-Year Recognition of Restoration Costs and Formalization of the Policy for Restoring the Hisatsu LineAnnual report
「Expenditures and other amounts related to restoration costs arising from the 2020 July torrential rains and the 2023 baiu-frontal rainfall were recorded as disaster-related losses, while estimated expenditures were recorded as provision for disaster-related losses, under extraordinary losses.」
For the 2023 baiu-frontal rainfall and other events, recognized ¥1,635 million in disaster-related losses and ¥3,068 million in provision for disaster-related losses for the full year. - FY2024-Q3Continued Recognition of Restoration Costs as Losses and ProvisionsAnnual report
「Of the restoration and other costs arising from this event, restoration and other costs incurred during the cumulative second quarter were recorded as disaster-related losses, while restoration and other costs expected from the third quarter onward were reasonably estimated and recorded as a provision for disaster-related losses, both under extraordinary losses in the quarterly consolidated statement of income for the cumulative second quarter.」
For restoration costs related to the 2023 baiu-frontal rainfall, recognized ¥360 million in disaster-related losses and ¥1.1 billion in provision for disaster-related losses for the cumulative third quarter. - FY2024-Q2Recognition of Restoration Costs as Losses and ProvisionsAnnual report
「Of the restoration and other costs arising from this event, restoration and other costs incurred during the cumulative second quarter were recorded as disaster-related losses, while restoration and other costs expected from the third quarter onward were reasonably estimated and recorded as a provision for disaster-related losses, both under extraordinary losses in the quarterly consolidated statement of income for the cumulative second quarter.」
For the 2023 baiu-frontal rainfall, recognized ¥195 million in disaster-related losses and ¥1,313 million in provision for disaster-related losses, thereby quantifying the restoration costs. - FY2024-Q1MaterialisedAnnual report
「The 2023 baiu-frontal rainfall, which occurred in various parts of Kyushu from the end of June 2023, caused damage on multiple lines, including the Kyudai Main Line, such as the loss of track beds and the collapse of cut slopes. Although expenditures for restoration and other costs are expected, details are still under investigation and it is currently difficult to reasonably estimate the amount of the impact.」
The 2023 baiu-frontal rainfall caused damage to railway facilities on multiple lines, and restoration costs are expected. As of the filing date, the company stated that it was unable to reasonably estimate the amount of the impact.