Unexpected Costs Related to Soil Contamination and Underground Buried Objects
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2026.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because the Group currently operates in an environment where securing development sites is prioritized, it bears these costs. If unexpected soil contamination or other problems arise, additional remediation costs could affect the Group's performance.」
The Group has reaffirmed the residual risk of bearing costs such as soil contamination itself while prioritizing land acquisition and conducting thorough preliminary investigations. - FY2023RestatedAnnual report
「Because the Group currently operates in an environment where securing development sites is prioritized, it bears these costs. If unexpected soil contamination or other problems arise, additional remediation costs could affect the Group's performance.」
The company has reconfirmed the residual risk that it will bear the costs of soil contamination and similar issues when securing development sites is prioritized, while conducting thorough preliminary investigations. - FY2019WorsenedAnnual report
「The Group currently bears these costs because it prioritizes securing development sites. If unexpected soil contamination or other problems arise, additional remediation costs could affect the Group's performance.」
The company states that, because it has prioritized securing development sites, the costs of soil contamination and similar issues, which were previously generally borne by the seller, are now borne by the company. - FY2018MitigatedAnnual report
「When acquiring land, the Group conducts thorough preliminary investigations and generally allocates to the seller under its purchase and sale agreements the costs associated with soil contamination, underground structures, buried cultural assets and underground industrial waste, in order to clearly exclude such costs. However, if unexpected soil contamination or other problems arise, additional remediation costs could affect the Group's performance.」
The company explicitly describes thorough preliminary investigations and the contractual allocation of costs to the seller as response measures. - FY2017RestatedAnnual report
「If unexpected soil contamination or other problems arise, additional remediation costs could affect the Group's performance.」
The company reiterates the risk of additional costs from unexpected land-related problems while generally allocating such costs to the seller under its contracts. - FY2016First statedAnnual report
「When acquiring land, the Group generally allocates to the seller under its purchase and sale agreements the costs associated with soil contamination, underground structures, buried cultural assets and underground industrial waste, in order to clearly exclude such costs. However, if unexpected soil contamination or other problems arise, additional remediation costs could affect the Group's performance.」
While allocating costs contractually, the company identifies unexpected land-related problems as a residual risk.