Costs and Business Constraints Resulting from Changes to and Tightening of Environmental Regulations, etc.
First written in FY2016. 3 of 5 entries say "Worsened", first in FY2021. Latest entry: FY2026.
Ube moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 11 of 45 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Regulations such as the emissions trading scheme scheduled to start in fiscal 2026 and the fossil-fuel levy scheduled to be introduced in fiscal 2028 are expected to be tightened, increasing costs through levies and other charges.」
The timing of the introduction of the emissions trading scheme and fossil-fuel levy, and the potential for higher costs, were specified in the discussion of environmental regulatory risks. - FY2023WorsenedAnnual report
「In addition, against a backdrop of growing interest in global environmental issues such as the circular economy and nature positive, customer and other requirements for the Group’s products may change. Delays in addressing these issues are expected to adversely affect corporate value, for example through stagnating product sales.」
In addition to the existing environmental regulation and carbon tax risks, the impact on product sales and corporate value of delays in addressing the circular economy and nature positive was added. - FY2021WorsenedAnnual report
「If regulations such as carbon taxes are tightened, costs may increase as a result of higher tax and other burdens. In addition, growing environmental awareness may accelerate the transition to a decarbonized society, and the Group’s corporate value could be adversely affected, for example if product sales stagnate because stakeholders view it as a company that is slow to address global environmental issues.」
In addition to the existing environmental regulatory risks, the disclosure specifically addressed carbon taxes, the impact of the transition to a decarbonized society on sales and corporate value, and the intensification of natural disasters. - FY2018RestatedAnnual report
「Changes to or tightening of the laws and regulations of individual countries and regions, or the application of new regulations, may require restrictions on the Group’s business activities, increased costs for regulatory compliance, and accounting and tax measures in accordance with the regulations.」
The risk of business constraints and higher costs due to changes in or tightening of public regulations was reiterated. - FY2016First statedAnnual report
「Changes to or tightening of various regulations, including these environmental regulations, or the application of new regulations could adversely affect the Group’s operating performance and financial condition by restricting its business activities, increasing the costs of regulatory compliance, and requiring accounting and tax measures in accordance with the regulations.」
Risks associated with conducting business in accordance with the laws and regulations of each country and region.