Costs of Responding to Tighter Environmental Regulations and Business Constraints
First written in FY2018-Q2. 4 of 6 entries say "Restated". Latest entry: FY2024.
67 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「・Constraints on business activities and costs incurred in responding to stricter environmental protection laws and regulations ・If additional measures become necessary because fluorine and other substances exceeding environmental standards are detected in steel slag products from our Shibukawa Plant and in the soil directly beneath them, an appropriate share of the costs will be incurred ・Higher costs of measures to reduce CO2 emissions and rising renewable energy procurement costs」
The company reiterates environmental regulations, the Shibukawa Plant issue, and CO2 reduction and renewable energy costs as material risks. - FY2022WorsenedAnnual report
「・Constraints on business activities and costs incurred in responding to stricter environmental protection laws and regulations; if additional measures become necessary because fluorine and other substances exceeding environmental standards are detected in steel slag products from our Shibukawa Plant and in the soil directly beneath them, an appropriate share of the costs will be incurred ・Higher costs of measures to reduce CO2 emissions and a reduction in exemptions from the surcharge for promoting renewable energy generation」
The company groups the costs of complying with environmental regulations and business constraints, additional costs related to the Shibukawa Plant issue, CO2 reduction costs and the reduction in surcharge exemptions as a single high-impact risk. - FY2019RestatedAnnual report
「Stricter related laws and regulations may result in costs being incurred in connection with our past, current and future business activities to comply with such regulations. In addition, tighter regulation of applicable laws and the imposition of additional compliance obligations may constrain our business activities and affect our operating performance.」
The annual report also reiterates the risks of compliance costs and business constraints arising from stricter environmental laws and regulations. - FY2018RestatedAnnual report
「Stricter related laws and regulations may result in costs being incurred in connection with our past, current and future business activities to comply with such regulations. In addition, tighter regulation of applicable laws and the imposition of additional compliance obligations may constrain our business activities and affect our operating performance.」
The annual report also reiterates the risks of compliance costs and business constraints arising from stricter environmental laws and regulations. - FY2018-Q3RestatedAnnual report
「Our Group plays a role in promoting the recycling of iron resources through its principal business activity, the manufacture of specialty steel products, although waste, by-products and other materials are generated in the course of production. We are working to establish and improve our internal control systems, comply with laws and regulations in Japan and overseas, and pursue environmentally responsible management that includes contributing to society. However, stricter related laws and regulations may result in costs being incurred in connection with our past, current and future business activities to comply with such regulations. In addition, tighter regulation of applicable laws and the imposition of additional compliance obligations may constrain our business activities and affect our operating performance.」
The company reiterates the risk that the costs of responding to stricter environmental laws and regulations and constraints on business activities may affect operating performance. - FY2018-Q2First statedAnnual report
「We are working to establish and improve our internal control systems, comply with laws and regulations in Japan and overseas, and pursue environmentally responsible management that includes contributing to society. However, stricter related laws and regulations may result in costs being incurred in connection with our past, current and future business activities to comply with such regulations. In addition, tighter regulation of applicable laws and the imposition of additional compliance obligations may constrain our business activities and affect our operating performance.」
The company identifies as a risk the possibility that stricter environmental laws and regulations may result in compliance costs, constraints on business activities and an impact on operating performance.