Operating risks, including business interruptions, system failures, legal violations and misconduct
First written in FY2016. 2 of 6 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1WorsenedAnnual report
「Regarding the overbilling incident at our consolidated subsidiary Kinki Nippon Tourist Co., Ltd., announced on 12 April 2023, we have received suspension-of-nomination sanctions from certain local governments and other entities.」
Regarding operating risks related to the overbilling incident, it was disclosed that, in addition to the possibility of damages claims and bidding bans, actual suspension-of-nomination sanctions had been imposed by certain local governments and other entities. - FY2023MaterialisedAnnual report
「Regarding the overbilling incident at our consolidated subsidiary Kinki Nippon Tourist Co., Ltd., announced on 12 April 2023, our business activities may be restricted if we receive claims for damages or sanctions barring us from bidding from relevant parties in the future.」
Regarding operating risks, including employee booking errors and contractor accidents, the overbilling incident at Kinki Nippon Tourist Co., Ltd. occurred, giving concrete form to the possibility of business restrictions resulting from claims for damages or sanctions barring participation in bids. - FY2020RestatedAnnual report
「If, due to an employee's booking error or other reason, we are unable to reserve important transportation or accommodation services or obtain important tickets, we may face claims for damages. In addition, if a transportation provider or other contractor causes an accident or violates laws or regulations, we may be held responsible for having selected that contractor, among other matters.」
We continue to disclose operating risks, including booking errors and accidents or legal violations by contractors, together with their potential impact on service quality and the brand. - FY2017RestatedAnnual report
「Operating risks are inherent in the business of our Group and may include business interruptions, information system problems, violations of laws and regulations, human error, misconduct by employees and fraud by external parties, among others.」
We continue to identify operating risks, including business interruptions, system problems, legal violations and misconduct, and recognize that losses may occur despite management efforts. - FY2017-Q3MaterialisedAnnual report
「However, the results for the nine-month period ended the third quarter of the current fiscal year were affected by terrorism overseas, the Karuizawa bus accident at the beginning of the year and a series of typhoons, resulting in the outcome described below.」
As an example of operating risk, the Karuizawa bus accident at the beginning of the year was specifically cited as a factor affecting results for the period. - FY2016First statedAnnual report
「Operating risks are inherent in the business of our Group and may include business interruptions, information system problems, violations of laws and regulations, human error, misconduct by employees and fraud by external parties, among others.」
We recognize that losses may occur despite efforts to manage the multiple internal and external operating risks identified.