Store Flooding Caused by Torrential Rains in Western Japan and Uncertainty over Resumption of Operations
First written in FY2019-Q1. 4 of 4 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2019.
Juntendo moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2023: 5 of 14 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2019MaterialisedAnnual report
「The torrential rains in western Japan in July 2018 caused losses from the destruction of buildings, equipment and inventories, as well as restoration costs. Accordingly, the company recorded ¥239.459 million in losses for the fiscal year as losses from disasters」
The torrential rains in western Japan actually caused losses from the destruction of buildings, equipment and inventories, as well as restoration costs, resulting in full-year disaster losses of ¥239.459 million. - FY2019-Q3MaterialisedAnnual report
「The torrential rains in western Japan in July 2018 caused losses from the destruction of buildings, equipment and inventories, as well as restoration costs. Accordingly, the company recorded ¥198.206 million as losses from disasters for the nine-month period ended with the third quarter and, based on a reasonable estimate of losses expected from the fourth quarter accounting period onward, ¥42.82 million as provision expense for disaster loss provisions, both as extraordinary losses. It also recorded ¥290.982 million in insurance proceeds received for the affected assets as an extraordinary gain.」
The torrential rains in western Japan actually caused losses from the destruction of buildings, equipment and inventories, as well as restoration costs, resulting in ¥198.206 million in disaster losses and ¥42.82 million in provision expense for disaster loss provisions. - FY2019-Q2MaterialisedAnnual report
「Among the stores that closed, the Mabi store in Okayama Prefecture was forced to close after abandoning plans to continue operations because of severe damage from the torrential rains in western Japan in July.」
The filing specifically states that the Mabi store abandoned plans to continue operations and ultimately closed due to damage from the torrential rains in western Japan. The impact of the disaster on store operations has become clearer. - FY2019-Q1MaterialisedAnnual report
「The record torrential rains in western Japan from 5 July 2018 caused flooding and other damage inside 1 store in Hiroshima Prefecture, Nakasho, and 4 stores in Okayama Prefecture, Mabi, Ochiai, Mitsu and Yakage. The flooding at the Mabi store was particularly severe due to the torrential rains, and there was no prospect of resuming operations.」
The torrential rains in western Japan after the reporting date caused flooding and other damage inside 5 stores, and there was no prospect of the Mabi store resuming operations. The buildings, equipment and merchandise were covered by flood insurance, but the impact on results was still being investigated.