Environmental remediation costs and treatment obligations associated with buried waste in Minato Ward, Nagoya
First written in FY2022. 4 of 7 entries say "Materialised", first in FY2022. Latest entry: FY2026-H1.
Shinagawa Refra moved to the "Worse" side of this theme in 2022, 4 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 3 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Environmental remediation costs ¥34 million」
¥34 million in environmental remediation costs related to the buried waste in Minato Ward, Nagoya, was recorded, while the balance of the environmental remediation provision declined from ¥74 million at the end of the previous consolidated fiscal year to ¥69 million. - FY2025-H1MitigatedAnnual report
「Change in environmental remediation provision (△ indicates a decrease) △¥394 million」
The environmental remediation provision decreased by ¥394 million during the current interim consolidated accounting period, reducing the balance from ¥470 million at the end of the previous consolidated fiscal year to ¥76 million. The burden of addressing the buried waste in Minato Ward, Nagoya, is decreasing. - FY2024MitigatedAnnual report
「Fiscal year ended 31 March 2024 (from 1 April 2023 to 31 March 2024) There are no applicable items.」
For the buried waste in Minato Ward, Nagoya, no new environmental remediation costs were recorded as a significant accounting estimate for the current year, and the balance of the environmental remediation provision declined from ¥1,164 million in the previous year to ¥475 million. - FY2023-Q3MaterialisedAnnual report
「Environmental remediation costs ¥27 million」
In connection with the buried waste issue in Minato Ward, Nagoya, ¥27 million in environmental remediation costs was recorded for the cumulative nine-month period, and disposal efforts remain ongoing. - FY2023-Q2MaterialisedAnnual report
「Environmental remediation costs ¥25 million」
In connection with the buried waste issue in Minato Ward, Nagoya, ¥25 million in environmental remediation costs was recorded for the cumulative first-half period, and disposal efforts remain ongoing. - FY2023-Q1MaterialisedAnnual report
「Environmental remediation costs ¥14 million」
In connection with the buried waste issue in Minato Ward, Nagoya, ¥14 million in environmental remediation costs was recorded in the first quarter. The balance of the environmental remediation provision was also ¥1,449 million, and disposal efforts remain ongoing. - FY2022MaterialisedAnnual report
「The waste is believed to have been buried and disposed of on the land in the mid-1960s. As the Company became obligated to dispose of it under the Waste Management and Public Cleansing Law, an estimated amount of the disposal costs, including the estimated volume of waste expected to be discovered in the future, was recorded as an environmental remediation provision at the end of the consolidated fiscal year.」
Buried waste was discovered during demolition work after the lease ended, creating a disposal obligation. An environmental remediation provision of ¥1,410 million was recorded, and ¥164 million was paid for environmental remediation costs.