Climate Change Risks from Higher Raw Material Costs, Physical Damage and Tighter Decarbonization Regulations
First written in FY2022. 1 of 4 entries say "Restated". Latest entry: FY2026.
15 other companies' latest entry also says "Other".
- FY2026Updated financial impact of climate-change risksAnnual report
「Under the 1.5°C scenario, the impact of government policies such as a carbon tax is significant, with the financial impact estimated at approximately ¥1.89 billion in 2030 and approximately ¥2.69 billion in 2050. Under the 4°C scenario, the effects of flooding, storm surges and the associated risk of business suspension are significant, with the financial impact estimated at approximately ¥300 million in 2030 and approximately ¥590 million in 2050.」
For transition and physical risks associated with climate change, the company updated its scenario analysis from the amounts disclosed previously and again specified the estimated financial impacts for 2030 and 2050. - FY2025Quantifying the Financial Impact of Climate Change RisksAnnual report
「Under the 1.5°C scenario, the impact of government policies such as a carbon tax is significant, with the financial impact estimated at approximately ¥1.45 billion in 2030 and approximately ¥2.60 billion in 2050. Under the 4°C scenario, the effects of flooding, storm surges and the associated risk of business suspension are significant, with the financial impact estimated at approximately ¥570 million in 2030 and approximately ¥860 million in 2050.」
For transition and physical risks associated with climate change, the company disclosed specific financial impact estimates for 2030 and 2050 by scenario for the first time. - FY2023RestatedAnnual report
「If abnormal weather associated with climate change causes raw-material prices to rise, natural disasters cause physical damage, or stronger environmental regulations aimed at creating a decarbonised society result in significant costs or other effects, the group's operating results and other matters may be affected.」
The company continues to disclose the risks of higher raw-material costs and physical damage associated with climate change, and costs arising from tighter decarbonisation regulations. - FY2022First statedAnnual report
「If abnormal weather associated with climate change causes raw-material prices to rise, natural disasters cause physical damage, or stronger environmental regulations aimed at creating a decarbonised society result in significant costs or other effects, the group's operating results and other matters may be affected.」
Separately from conventional natural-disaster risks, the company identified for the first time the risks of higher raw-material costs and physical damage associated with climate change, and costs arising from tighter decarbonisation regulations.