Climate Change-Related Transition and Physical Risks and TCFD Response
First written in FY2022. 8 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Environmental Strategy Committee met twice, in May 2025 and November 2025, and also met in April 2026. The main matters discussed were as follows.」
The response to climate change risks was implemented through consideration of risks, opportunities and response measures by the Environmental Strategy Committee, reporting to the Sustainability Committee, and reporting to the Board of Directors. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no material changes in the transition and physical risks from climate change as principal risks. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no material changes in the transition and physical risks from climate change. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the transition and physical risks from climate change. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no material changes in the transition and physical risks from climate change. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the transition and physical risks from climate change. - FY2023RestatedAnnual report
「To understand the medium- to long-term impact of climate change on the business, we identified and assessed its risks and opportunities and conducted scenario analysis.」
In addition to endorsing the TCFD recommendations and joining the consortium, the Company identified and assessed climate change risks and opportunities and conducted scenario analysis. Disclosure of transition and physical risks continues. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the transition and physical risks from climate change. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the significance of the transition and physical risks from climate change as principal risks. - FY2022First statedAnnual report
「However, as transition risks associated with the transition to a decarbonized society, restrictions on construction volumes due to regulations capping greenhouse gas emissions and the introduction of a carbon tax could affect the Group's operating results and financial condition. In addition, as physical risks from climate change, rising average temperatures and increasingly severe natural disasters could affect the Group's operating results and financial condition.」
Climate change was identified explicitly as a standalone principal risk for the first time, with transition risks and physical risks classified separately. The disclosure also described endorsement of the TCFD recommendations in March 2022 and expanded analysis and disclosure of strategy, risk management and governance.