Natural disaster risk affecting stores, factories and logistics centers
First written in FY2018. 2 of 6 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2024.
Nitori Holdings moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「The Group operates more than 820 stores across Japan, more than 90 stores in mainland China, and more than 60 stores in Taiwan, as well as stores in other Asian countries including Malaysia, Singapore, Thailand, South Korea, and Vietnam.」
The store network potentially exposed to natural disasters and large-scale accidents has expanded to more than 820 stores in Japan, more than 90 in China, and more than 60 in Taiwan, increasing the geographical exposure to risk. - FY2022WorsenedAnnual report
「The Group operates more than 700 stores across Japan, as well as 2 stores in the United States and more than 40 stores each in China and Taiwan, and has trading, manufacturing, and logistics functions in other Asian countries.」
The company indicates the expansion of its domestic and overseas store, manufacturing, and logistics network with figures such as more than 700 stores, taking a broader view of the potential impact of natural disasters. - FY2020MitigatedAnnual report
「To minimize losses or disadvantages incurred by our Group, we have established risk management regulations and a business continuity plan (BCP), and developed a risk management framework centered on the Risk Management Committee. In fiscal 2019, we worked to minimize risks by deciding and implementing various measures, including measures to prevent typhoon damage and revisions to disaster response procedures and emergency stockpiles, based on issues identified through actual disaster responses.」
The company is strengthening its response to natural disaster risks by implementing BCP measures, a risk management committee, typhoon disaster prevention measures, disaster response procedures, and a review of emergency supplies. - FY2019MaterialisedAnnual report
「Losses from disasters 1,268」
Natural disaster risk actually emerged as ¥1,268 million in extraordinary losses for the period. - FY2019-Q3MaterialisedAnnual report
「Losses from disasters 674 Provision for disaster losses 431」
The quarterly consolidated income statement recognized ¥674 million in losses from disasters and ¥431 million in provision for disaster losses, showing that natural disaster risk had actually emerged as losses. - FY2018First statedAnnual report
「If natural disasters damage facilities, inventories or human resources at stores, manufacturing plants, logistics centers or other locations, business operations may be disrupted, adversely affecting business performance and financial position.」
The company identifies as a risk the impact on business continuity if natural disasters damage stores, manufacturing plants, logistics centers or other facilities in Japan or overseas.