Damage to Railway Facilities and Other Infrastructure Caused by the July 2018 Torrential Rains
First written in FY2019-Q1. 4 of 4 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2019.
Kyushu Railway Company moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
3 other companies' latest entry also says "Materialised".
- FY2019MaterialisedAnnual report
「Payments made and estimated payments for restoration costs and other expenses associated with the July 2018 Heavy Rains were recorded as extraordinary losses under “losses from disasters” and “disaster loss provision expense,” respectively.」
For damage to railway facilities caused by the July 2018 Heavy Rains, the company recorded ¥847 million in losses from disasters and ¥446 million as provision for disaster losses. - FY2019-Q3MaterialisedAnnual report
「The July 2018 Heavy Rains caused damage to railway facilities. Of the related recovery costs and other expenses, those incurred during the cumulative third quarter were recorded as “losses from disasters,” while the recovery costs and other expenses expected from the fourth quarter onward were reasonably estimated and recorded as “provision for disaster losses” under extraordinary losses in the quarterly consolidated statement of income for the cumulative third quarter.」
For the July 2018 Heavy Rains, the company recorded ¥319 million in losses from disasters and ¥1.092 billion as provision for disaster losses. - FY2019-Q2MaterialisedAnnual report
「The July 2018 Heavy Rains caused damage to railway facilities. Of the related recovery costs and other expenses, those incurred during the cumulative second quarter were recorded as “losses from disasters,” while the recovery costs and other expenses expected from the third quarter onward were reasonably estimated and recorded as “provision for disaster losses” under extraordinary losses in the quarterly consolidated statement of income for the cumulative second quarter.」
For damage caused by the July 2018 Heavy Rains, the company recorded ¥107 million in losses from disasters and ¥1.605 billion as provision for disaster losses. - FY2019-Q1MaterialisedAnnual report
「The July 2018 Heavy Rains caused damage mainly to railway facilities and other assets. Although payments for restoration costs and other expenses are expected as a result, the details are still under investigation and it is difficult at this time to reasonably estimate the amount of the impact.」
New damage to railway facilities and other property occurred as a result of the July 2018 Heavy Rains. Although recovery costs are expected, the amount of the impact cannot be reasonably estimated.