Risk of stricter environmental regulations
First written in FY2016. 5 of 11 entries say "Materialised", first in FY2018. Latest entry: FY2026.
Air Water moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
65 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In its medium-term management plan and Basic Environmental Policy, the Group positions addressing climate change as an important management issue and has set a reduction target for total greenhouse gas emissions as a key performance indicator (KPI).」
The Company continues to pursue a policy of managing the risk of tighter environmental regulations through climate change measures using GHG reduction targets as KPIs. - FY2020WorsenedAnnual report
「In particular, in industrial gas-related businesses that consume large amounts of electricity in their manufacturing processes, stricter greenhouse gas (CO2) emissions regulations, such as the imposition of a carbon tax or the introduction of an emissions trading scheme, could affect operating performance and financial condition.」
In addition to the previously identified risk of stricter environmental laws and regulations, the company has explicitly identified the impact of greenhouse gas regulations, such as carbon taxes and emissions trading schemes, thereby broadening the scope of the risks covered. - FY2020-Q3RestatedAnnual report
「The Functional Chemicals business was affected by the continued suspension of operations at its Chinese plant due to environmental regulations and declining sales of high-performance circuit products for industrial robots. However, profitability of products for electronic materials improved through higher sales and greater efficiency at domestic production sites, and the business as a whole performed steadily.」
Factory shutdowns resulting from China’s environmental regulations have continued. The company also reports earnings improvements from greater efficiency at domestic production sites and other measures. - FY2020-Q2RestatedAnnual report
「The Functional Chemicals business made progress in improving profitability through greater efficiency at domestic production sites and other measures, despite the continued suspension of operations at its Chinese plant due to environmental regulations.」
Factory shutdowns due to tighter environmental regulations in China are continuing. The company is also working to improve earnings through greater efficiency at domestic production sites, but the regulatory impact itself has not been resolved. - FY2020-Q1MaterialisedAnnual report
「Although operations at the Chinese plant remain suspended because of China's environmental regulations, profitability in the functional chemicals business improved through measures including greater efficiency at production sites.」
Stricter environmental regulations in China have materialized in the form of continued suspensions of operations at Chinese plants. - FY2019-Q3MaterialisedAnnual report
「Although the Fine Chemicals business was affected by operating fluctuations at its Chinese production plant due to tighter environmental regulations, earnings improved substantially owing to a review of unprofitable products, higher sales of products for electronic materials and the effects of price revisions.」
Stricter environmental regulations in China continue to have an actual business impact in the form of fluctuations in production plant operations. - FY2019-Q2MaterialisedAnnual report
「Although the fine chemicals business was affected by operating fluctuations at its production plant in China following tighter environmental regulations, sales of high-performance circuit products for industrial robots remained strong. Demand for fine chemical products, particularly electronic materials, increased and price revisions progressed, resulting in solid performance.」
Stricter environmental regulations in China continue to have an actual business impact in the form of fluctuations in production plant operations. - FY2019-Q1MaterialisedAnnual report
「In the Fine Chemicals Business, sales of high-performance circuit products for industrial robots continued to perform well, but the business was affected by fluctuations in operations at production plants in China resulting from stricter environmental regulations.」
Tighter environmental regulations in China materialized as operational fluctuations at the Chinese production plant of the fine chemicals business. - FY2018MaterialisedAnnual report
「The Magnesia Business was affected by soaring raw-material prices for fused magnesia used in heaters against a backdrop of stricter environmental regulations in China. However, sales expanded for magnesia used in electrical steel sheets for transformers and other power infrastructure, as well as magnesia ceramics for industrial heaters and MI (mineral-insulated) cables, allowing the business to perform steadily.」
Tightened environmental regulations materialized as a specific business impact in the form of higher raw material prices. - FY2017RestatedAnnual report
「The Group's operations in Japan and overseas are subject to environmental regulations, and the Group conducts its business in compliance with those regulations. However, if revisions to environmental laws and regulations result in tighter requirements, higher compliance costs could affect the Group's operating performance and financial condition.」
The policy of complying with environmental laws and regulations and the risk of compliance costs arising from tighter regulations continue to be disclosed. - FY2016First statedAnnual report
「If environmental laws and regulations are revised and regulations are tightened, higher compliance costs could affect the group's operating performance and financial condition.」
While stating a policy of complying with environmental laws and regulations in Japan and overseas, the company identifies the cost of responding to tighter regulations as a risk.