Risk of business disruption from natural disasters and infectious diseases
First written in FY2016. 8 of 17 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 69 of 114 companies on the "Worse" side.
- FY2025WorsenedAnnual report
「Failure to meet the earnings plan for the acquired business and goodwill impairment」
An impairment loss was recognised on the goodwill relating to our consolidated subsidiary 有限会社増田製麺 because the earnings assumed in the business plan considered at the time of acquisition were no longer expected to be achieved. - FY2024WorsenedAnnual report
「The risk of natural disasters in Japan is increasing year by year, including major earthquakes whose occurrence is said to be imminent in the near future and flood disasters that are becoming more severe as a result of climate change.」
The risk of natural disasters is described in specific terms, including the imminence of major earthquakes and climate change-related flood disasters, with the risk of occurrence increasing year by year. - FY2024-Q1MitigatedAnnual report
「The global economy made remarkable scientific and technological progress in overcoming the unprecedented crisis posed by the COVID-19 pandemic. At the same time, changes in ecosystems caused by climate change always carry the risk of triggering a second or third pandemic following COVID-19.」
In addition to the existing risk of infectious diseases, the possibility of new pandemics arising from climate change is explicitly identified. - FY2023-Q3Kurashiki average room rates improve, but guest numbers and occupancy decline; general use of Narita remains suspendedAnnual report
「Narita Gateway Hotel has been operated for approximately 3 years, since April 2020, as a temporary accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients at the request of Chiba Prefecture. However, following a substantial decline in the number of new cases in Japan and the reclassification of COVID-19 as a Class 5 disease, the provision of the facility ended at the end of May 2023. In June 2023, when hotel operations resumed, revenue fell substantially as expected compared with the same month of the previous year, because it was the first month of the recovery from a 3-year suspension of hotel operations and a period in which preparations were under way to attract inbound tourists and other guests and gradually restore the occupancy rate.」
General use of Narita Gateway Hotel remained suspended due to the pandemic until the provision of the facility as an accommodation centre ended at the end of May 2023, after which hotel operations resumed in June. Although the business impact remained in the early stages of the restart, the suspension of general hotel operations was resolved. - FY2023-Q2Kurashiki occupancy improves, but general use of Narita remains suspendedAnnual report
「Narita Gateway Hotel has been leased to Chiba Prefecture since 18 April 2020 as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients and has not accepted general guests since then. At Kurashiki Royal Art Hotel, the occupancy rate and average room rate improved substantially year on year, partly because public attitudes toward the spread of COVID-19 variants during the second-quarter cumulative period changed, resulting in higher revenue and higher profit.」
While general use of Narita Gateway Hotel remains suspended due to infectious diseases, the occupancy rate and average room rate at Kurashiki Royal Art Hotel improved year on year. - FY2023-Q1Kurashiki occupancy recovery, but general use of Narita remains suspendedAnnual report
「Narita Gateway Hotel has been leased to Chiba Prefecture since 18 April 2020 as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients and has not accepted general guests since then. At Kurashiki Royal Art Hotel, the occupancy rate improved substantially year on year, partly because public attitudes toward the spread of COVID-19 variants during the first-quarter cumulative period changed.」
While general use of Narita Gateway Hotel remains suspended due to infectious diseases, the occupancy rate at Kurashiki Royal Art Hotel improved substantially year on year. - FY2022-Q3Kurashiki guest recovery, but general use of Narita remains suspendedAnnual report
「Narita Gateway Hotel has been leased to Chiba Prefecture since 18 April 2020 as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients and has not accepted general guests since then. At Kurashiki Royal Art Hotel, the number of hotel guests in the third quarter of the current consolidated fiscal year increased from the first half, or the second-quarter cumulative period, as the spread of COVID-19 variants improved substantially from October onward.」
The impact of infectious diseases on the hotel business remains, and general use of Narita Gateway Hotel continues to be suspended. Meanwhile, a recovery in guest numbers at Kurashiki Royal Art Hotel has been reported. - FY2022-Q2MaterialisedAnnual report
「Narita Gateway Hotel has been leased to Chiba Prefecture since 18 April 2020 as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients and has not accepted general guests since then. At Kurashiki Royal Art Hotel, the number of hotel guests in the second quarter of the current consolidated fiscal year remained slightly below the year-earlier level, unlike in the first-quarter cumulative period, due to the rapid spread of COVID-19 variants from July onward.」
General use of the hotel remains suspended due to infectious diseases, while the rapid spread of variants caused guest numbers at Kurashiki Royal Art Hotel to fall slightly below the year-earlier level. - FY2022-Q1MaterialisedAnnual report
「Narita Gateway Hotel has been leased to Chiba Prefecture since 18 April 2020 as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients and has not accepted general guests since then. Although Kurashiki Royal Art Hotel continues to be affected by the COVID-19 pandemic, its number of hotel guests improved year on year.」
General use of the hotel remains suspended due to infectious diseases, while guest numbers at Kurashiki have improved; the business impact of the infection nevertheless remains. - FY2021MaterialisedAnnual report
「Narita Gateway Hotel was leased to Chiba Prefecture from 18 April 2020 as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients, and has not accepted general guests since then. In addition, Kurashiki Royal Art Hotel was severely affected by the COVID-19 pandemic, including a substantial year-on-year decrease in the number of hotel guests.」
The previously identified risks of restrictions on hotel use and a decline in guest numbers due to infectious diseases continued to materialise throughout FY2021. - FY2021-Q3MaterialisedAnnual report
「Narita Gateway Hotel was leased to Chiba Prefecture from 18 April as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients, and has not accepted general guests since then. In addition, Kurashiki Royal Art Hotel was severely affected by the COVID-19 pandemic, including a substantial year-on-year decrease in the number of hotel guests.」
The suspension of general hotel use and the decline in guest numbers at Kurashiki continue as effects of infectious diseases. - FY2021-Q2MaterialisedAnnual report
「Narita Gateway Hotel was leased to Chiba Prefecture from 18 April as a medical care facility for asymptomatic and mildly symptomatic COVID-19 patients and has not accepted general guests since then. Kurashiki Royal Art Hotel was also severely affected by COVID-19, including a substantial year-on-year decline in hotel guests. As a result, hotel business revenue for the cumulative second quarter was ¥426 million, down 45.2% year on year, and the operating loss was ¥12 million, compared with operating profit of ¥110 million in the same quarter of the previous year.」
The risk of business suspension and deteriorating performance from infectious diseases continues to materialise, with general use of Narita Gateway Hotel suspended, guest numbers at Kurashiki declining and the hotel business reporting lower revenue and an operating loss. - FY2021-Q1MaterialisedAnnual report
「Narita Gateway Hotel was leased to Chiba Prefecture from 18 April as an accommodation facility for asymptomatic and mildly symptomatic COVID-19 patients, and has not accepted general guests since then. In addition, Kurashiki Royal Art Hotel was severely affected by the COVID-19 pandemic, including a substantial year-on-year decrease in the number of hotel guests.」
The risk of an operational impact from infectious diseases, previously described as a possibility, has actually materialised in the form of the suspension of general hotel use, a decrease in the number of guests and an operating loss in the hotel business. - FY2020MaterialisedAnnual report
「As the business was affected by the COVID-19 pandemic toward the end of the fiscal year, hotel business revenue for the consolidated fiscal year was ¥1,378 million, down 4% year on year, and operating income was ¥86 million, down 45.4%.」
Previously, the potential impact on operations from infectious diseases was disclosed as a possibility, but the COVID-19 pandemic actually caused lower revenue and lower profit in the hotel business. - FY2019-Q2MaterialisedAnnual report
「Affected by soaring heavy fuel oil prices and the torrential rains in western Japan in July,」
The torrential rains in western Japan actually occurred as an event affecting the hotel business. - FY2017RestatedAnnual report
「A major earthquake, typhoon or other natural disaster could damage buildings, facilities and other property owned by the group, causing a decline in revenue from a temporary suspension of operations and expenses for repairs. If an epidemic such as novel influenza occurs, restrictions on long-distance travel and group activities are expected, which could affect the group's performance.」
The disclosure reiterates the risks of facility damage, suspension of operations and repair costs resulting from natural disasters and epidemics. - FY2016First statedAnnual report
「A major earthquake, typhoon or other natural disaster may damage buildings and facilities owned by the group, causing a temporary suspension of operations, lower sales and repair costs.」
The risk includes damage to buildings and facilities, business suspensions and repair costs, as well as outbreaks of infectious diseases such as novel influenza.