Material risks, including disasters, improper business execution, and core system failures
First written in FY2016. 10 of 14 entries say "Materialised", first in FY2018. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3RestatedAnnual report
「The fire that occurred on 24 January 2023 at the Sakura company housing of Tokai House Co., Ltd., a consolidated subsidiary of the company, resulted in insurance proceeds of ¥31,744 thousand and a loss of ¥7,545 thousand. The loss represents the cost of demolishing the damaged buildings and other structures.」
For the fire at the Sakura company housing, the company continues to recognize and disclose ¥31,744 thousand in insurance proceeds and a ¥7,545 thousand loss, including demolition costs. - FY2024-Q1MaterialisedAnnual report
「The fire that occurred on 24 January 2023 at the Sakura company housing of Tokai House Co., Ltd., a consolidated subsidiary of the company, resulted in insurance proceeds of ¥31,744 thousand and a loss of ¥7,545 thousand. The loss represents the estimated cost of demolishing the damaged buildings and other structures.」
For the fire at the Sakura company housing, the company recognized ¥31,744 thousand in insurance proceeds and a ¥7,545 thousand loss, including the estimated cost of demolishing the damaged buildings and other structures. - FY2023MaterialisedAnnual report
「The loss on disposal of property, plant and equipment from the fire that occurred on 24 January 2023 at the Sakura company housing of Tokai House Co., Ltd., a consolidated subsidiary of the company, was ¥14,690 thousand.」
With regard to disasters previously listed as material risks, a fire actually occurred at Tokai House's Sakura company housing, resulting in a recognized loss on disposal of property, plant and equipment of ¥14,690 thousand. - FY2023-Q3MaterialisedAnnual report
「The ¥39 million in extraordinary losses includes special investigation expenses, which are investigation and audit expenses related to the improper transactions described above.」
In connection with the risk of improper business execution, ¥39 million in investigation and audit expenses was actually recognized as an extraordinary loss. - FY2023-Q2MaterialisedAnnual report
「Following the discovery at Tokai House Co., Ltd., a consolidated subsidiary of the company, of improper transactions involving inflated cost claims and, separately from those transactions, the existence of off-book funds and the misappropriation of part of those funds, the company established an external investigation committee and conducted an investigation」
Regarding improper business execution previously listed as a material risk, the company states that inflated cost claims and the misappropriation of off-book funds were actually discovered at Tokai House. - FY2022MaterialisedAnnual report
「The fire that occurred on 23 September 2021 at the Ayagawa Plant of Tokai House Co., Ltd., a consolidated subsidiary of the company, resulted in insurance proceeds of ¥32,613 thousand and a loss of ¥22,091 thousand.」
For the fire at the Ayagawa Plant, the company recognized a ¥22,091 thousand loss, including losses on disposal, repair expenses, and damage to work in process and raw materials, as well as ¥32,613 thousand in insurance proceeds. - FY2022-Q3MaterialisedAnnual report
「The loss from the fire that occurred on 23 September 2021 at the Ayagawa Plant of Tokai House Co., Ltd., a consolidated subsidiary of the company, was ¥21,293 thousand. Losses on disposal of property, plant and equipment, repair expenses, and damage to work in process, raw materials, and other items were recognized. The damage from the fire was covered by property insurance, but the insurance proceeds had not been finalized and therefore were not recognized in the nine-month period of the current fiscal year.」
For the fire at the Ayagawa Plant, the company recognized a ¥21,293 thousand loss, including losses on disposal, repair expenses, and damage to work in process and raw materials. The damage was covered by property insurance, but the insurance proceeds had not been finalized. - FY2022-Q2MaterialisedAnnual report
「The loss from the fire that occurred on 23 September 2021 at the Ayagawa Plant of Tokai House Co., Ltd., a consolidated subsidiary of the company, was ¥3,204 thousand.」
With regard to disasters previously listed as material risks, a fire actually occurred at a plant of the consolidated subsidiary, resulting in a recognized loss of ¥3,204 thousand, including losses on disposal of buildings and damage to work in process, raw materials, and other items. - FY2020MaterialisedAnnual report
「¥151 million in extraordinary losses, including losses on the sale of leased assets and losses on disposal of leased assets due to typhoon damage」
With regard to disasters previously listed as material risks, the company recognized ¥151 million in extraordinary losses, including losses on disposal of leased assets due to typhoon damage. - FY2020-Q3MaterialisedAnnual report
「¥47 million in losses on disposal of property, plant and equipment included in extraordinary losses, including ¥26 million in losses on disposal of leased assets due to typhoon damage」
A disaster previously listed as a disaster risk actually occurred, resulting in ¥26 million in losses on disposal of leased assets due to typhoon damage, which was recognized as an extraordinary loss. - FY2019RestatedAnnual report
「1. Risk of incurring significant losses in business activities due to disasters such as earthquakes, fires, and accidents 2. Risk of significant disruption to sales and production activities due to improper execution of duties by officers and employees 3. Risk of significant damage due to malfunctions in core computer systems 4. Other risks deemed extremely material by the Board of Directors」
The company continues to list disasters, improper business execution, core system failures, and other matters as material risks. - FY2018MaterialisedAnnual report
「The company recognized insurance proceeds received in connection with the fire at its Kanto General Plant as extraordinary income.」
Among the disaster risks previously listed, a fire occurred at the Kanto General Plant, and the insurance proceeds received were recognized as extraordinary income. - FY2017RestatedAnnual report
「1. Risk of incurring significant losses in business activities due to disasters such as earthquakes, fires, and accidents 2. Risk of significant disruption to sales and production activities due to improper execution of duties by officers and employees 3. Risk of significant damage due to malfunctions in core computer systems 4. Other risks deemed extremely material by the Board of Directors」
The company continues to list disasters, improper business execution, core system failures, and other matters as material risks. - FY2016First statedAnnual report
「1. Risk of incurring significant losses in business activities due to disasters such as earthquakes, fires, and accidents 2. Risk of significant disruption to sales and production activities due to improper execution of duties by officers and employees 3. Risk of significant damage due to malfunctions in core computer systems 4. Other risks deemed extremely material by the Board of Directors」
The company lists disasters, business execution, core systems, and other matters as material risks to its business activities.