Environmental remediation costs arising from a kerosene leak at a school building
First written in FY2019. 2 of 3 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2020-Q3.
The whole theme swung hardest in 2026: 3 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2020-Q3MitigatedAnnual report
「Under extraordinary income and expenses, the company recorded a gain on the sale of fixed assets from selling a company-owned school facility in connection with its relocation, and received insurance proceeds related to soil replacement work necessitated by a kerosene leak at some schools.」
Insurance proceeds were received for soil replacement work related to the kerosene leak, indicating progress in addressing the environmental issue. - FY2020-Q2MitigatedAnnual report
「This was primarily because, although revenue increased as the number of one-to-one instruction students and the number of examination-year students in the high school division rose, the company reported a quarterly net loss before income taxes due to seasonal factors, incurred payments for soil replacement at some schools, and made payments of corporate taxes and other expenses.」
Payments for soil replacement related to the kerosene leak were made, and the environmental remediation provision balance declined from ¥41 million at the end of the previous fiscal year to ¥9 million. This indicates that remediation and payments are progressing. - FY2019MaterialisedAnnual report
「Because a kerosene leak from the road-heating system at some schools required soil replacement, the estimated cost has been recorded as an addition to the environmental remediation provision.」
A kerosene leak from the road-heating system occurred at some schools, and an environmental remediation provision of ¥41 million was recorded for soil replacement costs.