Legal, Cost and Reputational Risks Associated with Past Violations of the Waste Management and Public Cleansing Act
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 2 of 6 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the company violates certain requirements under the Waste Management and Public Cleansing Act, including failing to prepare contracts for outsourced waste treatment or making false entries in manifests, it could face administrative sanctions and other measures. Its group’s reputation, business performance and financial condition could also be adversely affected.」
The company continues to disclose the potential for administrative sanctions and impacts on its reputation, business performance and financial condition arising from violations of certain requirements under the Waste Management and Public Cleansing Act. - FY2024SoftenedAnnual report
「If the company violates certain requirements under the Waste Management and Public Cleansing Act, including failing to prepare contracts for outsourced waste treatment or making false entries in manifests, it could face administrative sanctions and other measures. Its group’s reputation, business performance and financial condition could also be adversely affected.」
The disclosure has shifted from the previous specific description of past violations to a general description of the administrative-sanction and reputational risks that could arise from violating certain requirements under the Waste Management and Public Cleansing Act. - FY2023RestatedAnnual report
「To date, there have been no administrative sanctions, litigation or disputes concerning these violations, but the reputation, business performance and financial condition of the group could be affected by its response and related matters.」
While stating that there have been no administrative sanctions, litigation or other disputes concerning past violations of waste management laws, the company continues to disclose the potential impact on disposal costs, reputation and business performance. - FY2022RestatedAnnual report
「To date, there have been no administrative sanctions, litigation or disputes concerning these violations, but the company’s reputation, business performance and financial condition could be affected by its response and related matters.」
While stating that there have been no administrative sanctions, litigation or other disputes concerning past violations of waste management laws, the company continues to disclose the potential disposal costs and reputational and business impact if illegal dumping is discovered. - FY2021First statedAnnual report
「In prior years, due to insufficient knowledge of the applicable regulations, the company did not fully recognize that, under Article 21-3 of the Waste Management and Public Cleansing Act, it would be the waste-generating business as the prime contractor for construction waste generated in connection with contracted construction work. As a result, there was a period during which the company outsourced the treatment of construction waste through subcontracting partner companies, rather than entering directly into waste treatment outsourcing agreements with waste disposal operators.」
The company discloses that violations of laws and regulations actually occurred in prior years. Although there are currently no administrative sanctions, litigation or disputes, it describes the potential disposal costs and reputational and business impact if illegal dumping is discovered.