Risk of compliance costs arising from tighter requirements under the Food Recycling Act
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Under the Act on Promotion of Recycling of Food Cyclic Resources, enacted in May 2001 (the Food Recycling Act), food-service operators and other food-related businesses that generate 100 tonnes or more of food waste annually are required to reduce food residues by suppressing the generation, reducing the volume and recycling food waste.」
The company reconfirms the Food Recycling Act and the risk of costs, including capital investment, if regulations are tightened. - FY2021RestatedAnnual report
「Under the Act on Promotion of Recycling of Food Cyclic Resources, enacted in May 2001 (the Food Recycling Act), food-service operators and other food-related businesses that generate 100 tonnes or more of food waste annually are required to reduce food residues by suppressing the generation, reducing the volume and recycling food waste.」
The company reiterates the regulations applicable to businesses generating 100 tonnes or more of food waste annually and the risk of costs, including capital investment, if regulations are tightened. - FY2017First statedAnnual report
「Under the Act on Promotion of Recycling of Food Cyclic Resources, enacted in May 2001 (the Food Recycling Act), food-service operators and other food-related businesses that generate 100 tonnes or more of food waste annually are required to reduce food residues by suppressing the generation, reducing the volume and recycling food waste. We are actively working to reduce food residues, but if legal regulations are tightened in the future, new costs related to capital investment and other measures may arise, potentially affecting our financial condition or business performance.」
For the Food Recycling Act applicable to businesses generating 100 tonnes or more of food waste annually, the company independently identifies for the first time the risk of additional costs, including capital investment, if regulations are tightened.