Delays in Soil and Groundwater Contamination Remediation and Environmental Response Costs
First written in FY2016. 3 of 8 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2020.
Sun A.Kaken moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 3 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual reportIn this filing, no specific reference has been identified to the soil and groundwater contamination measures at the former Sapporo Plant site or payments for environmental response costs that had been described previously.
- FY2019RestatedAnnual report
「Environmental response cost payments △ 5,662」
Payments for environmental response costs also occurred during the full year, and the cost burden associated with soil and groundwater contamination measures continues. - FY2019-Q2RestatedAnnual report
「Environmental response cost payments △ 5,662」
Payments for environmental response costs continued through the second quarter cumulative period. Although they decreased from ¥28.492 million in the same period of the previous year, there is no disclosure that the measures have been completed or the risk eliminated. - FY2018RestatedAnnual report
「Environmental response cost payments △ 28,492」
Payments for environmental response costs also occurred in the full-year cash flow, and environmental response costs continued to be incurred. - FY2018-Q2MaterialisedAnnual report
「Environmental response cost payments △ 28,492」
Payments for environmental response costs continued to occur as a factor reducing cumulative cash flow from operating activities through the second quarter. - FY2017-Q3MaterialisedAnnual report
「Environmental response costs 32,000」
Environmental response costs of ¥32.000 million were recorded as non-operating expenses for the cumulative nine-month period, and environmental response costs continued to be incurred. - FY2017-Q2MaterialisedAnnual report
「Cash used in operating activities was ¥58 million, compared with ¥729 million in cash generated in the same period of the previous year. This was because factors increasing cash, including profit before income taxes of ¥749 million, up 11.3% year on year, depreciation of ¥313 million, up 6.2%, and an increase in accounts payable of ¥798 million, up 298.4%, were more than offset by factors reducing cash, including an increase in trade receivables of ¥1,110 million, up 192.7%, environmental response payments of ¥219 million, down 5.5%, and income tax payments of ¥361 million, compared with a refund of ¥128 million in the same period of the previous year.」
Payments for environmental response costs actually occurred as a factor reducing cumulative cash flow through the second quarter. - FY2016First statedAnnual report
「It was found that the breakdown of chemical substances by microorganisms was not progressing as planned. As a countermeasure, after consulting with environmental specialists, the Company decided in March this year to partially revise the construction plan and carry out additional work, and recorded ¥193.458 million in environmental response costs as non-operating expenses.」
The disclosure describes the failure to progress as planned, additional construction work and the recording of environmental response costs in connection with soil and groundwater contamination measures at the former Sapporo Plant site.