Recognition of PCB Waste Disposal Costs as Environmental Remediation Expenses
First written in FY2017. 9 of 14 entries say "Mitigated", first in FY2018. Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 2 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Provision for environmental remediation 17 7」
The combined current and non-current balance of the provision for environmental remediation decreased from ¥22 million at the end of the previous fiscal year to ¥11 million, reducing the provision burden related to environmental remediation. - FY2025MitigatedAnnual report
「Provision for environmental remediation 57 17」
The balance of the provision for environmental remediation decreased from ¥76 million at the end of the previous fiscal year to ¥22 million, reducing the future burden related to environmental remediation for PCB and other waste. - FY2024MitigatedAnnual report
「The difference from the previous estimate was recorded as an extraordinary gain. As a result, income before income taxes and other adjustments for the consolidated fiscal year increased by ¥162 million.」
Estimates were refined as PCB waste disposal progressed, and the difference between the estimates for the provision for environmental remediation was recorded as an extraordinary gain. The balance of the provision for environmental remediation also decreased from ¥470 million at the end of the previous fiscal year to ¥76 million. - FY2022-Q1MitigatedAnnual report
「Extraordinary gains for the cumulative first quarter totaled ¥27 million, including an ¥11 million reversal of provision for environmental remediation.」
An ¥11 million reversal of provision for environmental remediation was recorded, and the partial easing of the provision burden related to environmental remediation expenses continued. - FY2021MitigatedAnnual report
「Reversal of provision for environmental remediation: ¥69 million」
A ¥69 million reversal of provision for environmental remediation was recorded, partially easing the provision burden related to environmental remediation expenses. - FY2021-Q3MitigatedAnnual report
「Reversal of provision for disaster losses: ¥82 million; reversal of provision for environmental remediation: ¥65 million; reversal of provision for losses on businesses of affiliates: ¥39 million」
A ¥65 million reversal of provision for environmental remediation was recorded as an extraordinary gain, partially easing the provision burden related to environmental remediation expenses. - FY2021-Q2MitigatedAnnual report
「The Company recorded total extraordinary gains of ¥263 million, including ¥85 million in gain on sale of scrap and ¥82 million in reversal of provision for disaster losses.」
A ¥60 million reversal of provision for environmental remediation was recorded, and the balance of the provision for environmental remediation also decreased from ¥590 million at the end of the previous fiscal year to ¥520 million, partially easing the burden of environmental remediation expenses. - FY2021-Q1MitigatedAnnual report
「Extraordinary losses decreased by ¥66 million year on year to ¥23 million in the cumulative first quarter, mainly because ¥3 million in environmental remediation expenses was recorded.」
Environmental remediation expenses decreased to ¥3 million from ¥61 million in the same period of the previous year. The cost burden associated with environmental remediation eased year on year. - FY2020-Q3WorsenedAnnual report
「During the nine months ended the third quarter, the Company recorded total expenses of ¥376 million, including ¥103 million in loss on disposal of fixed assets, ¥100 million in impairment losses, ¥78 million in environmental remediation expenses, and ¥55 million in provision expense for dismantling and removal.」
Environmental remediation expenses were ¥78 million, up from ¥10 million in the same period of the previous year. The cost burden associated with environmental remediation has increased. - FY2020-Q2MaterialisedAnnual report
「Of the environmental remediation expenses recorded under extraordinary losses, provision expense for environmental remediation was ¥75 million.」
Provision expense for environmental remediation of ¥75 million was recorded as extraordinary losses for the six months ended the second quarter, and the burden of environmental remediation expenses continues. - FY2020-Q1MaterialisedAnnual report
「Extraordinary losses increased by ¥25 million year on year to ¥90 million in the cumulative first quarter, mainly because ¥61 million in environmental remediation expenses and ¥18 million in loss on disposal of fixed assets were recorded.」
Environmental remediation expenses of ¥61 million were recorded as extraordinary losses for the quarter, and the cost burden associated with environmental remediation continues. - FY2019WorsenedAnnual report
「Of the environmental remediation expenses recorded under extraordinary losses for the consolidated fiscal year, ¥68 million was provision expense for environmental remediation.」
Environmental remediation expenses were also recorded in the previous fiscal year, and provision expense for environmental remediation totaled ¥68 million in the current fiscal year. - FY2018MitigatedAnnual report
「During the consolidated fiscal year, ¥750 million in costs for removing idle equipment and other facilities judged highly likely to collapse based on seismic and structural strength surveys was recorded as provision for dismantling and removal. As a result, extraordinary losses decreased by ¥662 million from the previous consolidated fiscal year to ¥972 million.」
Environmental remediation expenses decreased to ¥32 million in the current fiscal year from ¥549 million recorded in the previous fiscal year for low-concentration PCB waste and other items. - FY2017First statedAnnual report
「During the consolidated fiscal year, it became possible to reasonably estimate the disposal costs for low-concentration PCB waste, in addition to the PCB waste for which provisions had previously been recorded. Accordingly, the disposal costs for low-concentration PCB waste were recognized as environmental remediation expenses under extraordinary losses. Extraordinary losses included ¥800 million in provision for dismantling and removal and ¥549 million in environmental remediation expenses.」
Disposal costs for low-concentration PCB waste were reasonably estimated and recognized as ¥549 million in environmental remediation expenses under extraordinary losses.