Climate-Related Transition and Physical Risks
First written in FY2023-Q3. 1 of 3 entries say "Worsened", first in FY2026. Latest entry: FY2026.
Chugin Financial Group moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 6 of 35 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The analysis of physical risks found that the cumulative increase in credit costs through 2050 could reach a maximum of ¥8 billion. Although a material impact could occur in a single fiscal year, the annual impact would be approximately ¥300 million, which the company assesses as limited.」
The maximum increase in credit costs from physical risks through 2050 rose from the maximum of ¥6 billion disclosed previously to ¥8 billion. - FY2023Quantification through scenario analysisAnnual report
「The analysis of physical risks found that the cumulative increase in credit costs through 2050 could reach a maximum of ¥6 billion. Although a material impact could occur in a single fiscal year, the annual impact would be approximately ¥200 million, which the company assesses as limited.」
The company disclosed scenario analysis indicating that the maximum increase in credit costs from the physical risks of climate change through 2050 would be ¥6 billion. - FY2023-Q3First statedAnnual report
「Changes in regulations and other requirements addressing climate change, and changes in market trends, may adversely affect the business environment and performance of counterparties, thereby deteriorating the business activities and performance of the Group (transition risk).」
The company distinguishes transition risks arising from regulatory and market changes from physical risks arising from more frequent and severe natural disasters.