Burden of Capital Investment and Treatment Method Development Due to Tighter Environmental Regulations
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: FY2020.
Moresco moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Further amendments to the Water Pollution Prevention Act and the Waste Management and Public Cleansing Act may be introduced as environmental awareness increases. If regulations governing the treatment of waste, wastewater and other materials from the Company's factories are tightened further, the development of treatment methods within the factories and capital investment in pretreatment before discharge may become necessary, potentially affecting the Group's performance.」
The company continues to describe the possibility of costs for developing treatment methods and making capital investments as a result of tighter environmental regulations. - FY2020-Q2RestatedAnnual report
「Some raw materials have become increasingly difficult to procure due to tighter environmental regulations in China.」
The company is reaffirming the situation in which tighter environmental regulations in China have made some raw materials difficult to procure. - FY2020-Q1RestatedAnnual report
「Some raw materials have become increasingly difficult to procure due to tighter environmental regulations in China.」
The company is reaffirming the situation in which tighter environmental regulations in China have made some raw materials difficult to procure. - FY2019MaterialisedAnnual report
「Environmental regulations, particularly in China, have become stricter, and some raw materials have become increasingly difficult to procure.」
Tighter environmental regulations have materialized as the specific impact of difficulty in procuring raw materials. - FY2019-Q3RestatedAnnual report
「As environmental regulations, particularly in China, have become more stringent, some raw materials are becoming more difficult to procure.」
The company is reaffirming its recognition that tighter environmental regulations, particularly in China, are creating difficulty in procuring raw materials. - FY2019-Q2WorsenedAnnual report
「As environmental regulations, particularly in China, have become more stringent, some raw materials are becoming more difficult to procure.」
The company recognizes that environmental regulations, particularly in China, have become stricter, and that the previously anticipated risk of tighter regulation has materialized as difficulty in procuring raw materials. However, it does not state that treatment-method development or capital investment has occurred. - FY2017First statedAnnual report
「Further amendments to the Water Pollution Prevention Act and the Waste Management and Public Cleansing Act may be introduced as environmental awareness increases. If regulations governing the treatment of waste, wastewater and other materials from the Company's factories are tightened further, the development of treatment methods within the factories and capital investment in pretreatment before discharge may become necessary, potentially affecting the Group's performance.」
The company explicitly describes for the first time the possibility that tighter laws and regulations concerning water quality and waste will require the development of treatment methods and capital investment.