Disaster Risk from Business Assets Concentrated in Major Metropolitan Areas
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2026.
Mitsubishi Logistics moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 9 of 34 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「A major earthquake, tsunami, volcanic eruption, storm or flood disaster could result in numerous deaths and injuries among employees and related parties of our Group, damage to facilities and equipment and infrastructure, and the interruption or suspension of operations.」
The possibility of human and physical damage and business interruption caused by earthquakes, tsunamis, volcanic eruptions, storms and floods is reaffirmed as a natural disaster risk. - FY2025RestatedAnnual report
「For business-use assets such as warehouses and leased buildings, we have taken necessary measures including earthquake-resistant and seismic-isolation measures for buildings and external insurance coverage, as well as routine inspections and maintenance, the preparation and updating of response manuals for crises such as natural disasters, and regular training. However, if a major natural disaster such as an earthquake, typhoon, heavy rain, flood, tsunami or volcanic eruption occurs, we may suffer serious damage that cannot be fully covered by insurance, which could affect the financial condition and operating results of our Group.」
The natural disaster risk affecting assets concentrated in major metropolitan areas, and the possibility of serious damage that cannot be fully covered by insurance, continue to be recognized as before. - FY2021WorsenedAnnual report
「For business-use assets such as warehouses and leased buildings, we have taken necessary measures including earthquake-resistant and seismic-isolation measures for buildings, external insurance coverage and contributions to a self-insurance reserve, as well as routine inspections and maintenance, the preparation and updating of response manuals for crises such as natural disasters, and regular training. However, if a major natural disaster such as an earthquake, typhoon, heavy rain, flood, tsunami or volcanic eruption occurs, we may suffer serious damage that cannot be fully covered by insurance, which could affect the financial condition and operating results of our Group.」
In addition to the previously identified earthquake risk arising from the concentration of assets in major metropolitan areas, typhoons, heavy rain, floods, tsunamis and volcanic eruptions are explicitly covered, along with the possibility of serious damage that cannot be fully covered by insurance. - FY2019MaterialisedAnnual report
「Disaster losses 362」
Earthquake disaster losses of ¥362 million were recorded as extraordinary losses, showing that the disaster risk affecting business-use assets concentrated in major metropolitan areas has materialized as an actual loss. - FY2019-Q3MaterialisedAnnual report
「Disaster losses - 602」
Disaster losses of ¥602 million were recorded for the cumulative third quarter, showing that the risk of major disasters has materialized as an actual loss. - FY2019-Q2WorsenedAnnual report
「Disaster losses - 724」
Disaster losses of ¥724 million were recorded for the cumulative second quarter, showing that disaster risk has additionally materialized as an actual loss. - FY2019-Q1MaterialisedAnnual report
「Earthquake disaster losses - 260」
Earthquake disaster losses of ¥260 million were recorded as extraordinary losses, showing that the risk of major disasters has materialized as an actual loss. - FY2018RestatedAnnual report
「These facilities are located mainly in the six major metropolitan areas of Tokyo, Yokohama, Nagoya, Osaka, Kobe and Fukuoka. If a major disaster such as an earthquake were to occur in any of these areas, our facilities could also be damaged, potentially having a significant impact on the Company's operations.」
The risk of major disasters resulting from the concentration of business-use facilities in the six major metropolitan areas is reaffirmed. - FY2017RestatedAnnual report
「These facilities are located mainly in the six major metropolitan areas of Tokyo, Yokohama, Nagoya, Osaka, Kobe and Fukuoka. If a major disaster such as an earthquake were to occur in any of these areas, our facilities could also be damaged, potentially having a significant impact on the Company's operations.」
The risk of major disasters resulting from the concentration of business-use facilities in the six major metropolitan areas is reiterated. - FY2016First statedAnnual report
「These facilities are located mainly in the six major metropolitan areas of Tokyo, Yokohama, Nagoya, Osaka, Kobe and Fukuoka. If a major disaster such as an earthquake were to occur in any of these areas, our facilities could also be damaged, potentially having a significant impact on the Company's operations.」
The concentration of facilities in the six major metropolitan areas is identified as the background to the risk of damage from earthquakes and other disasters.