Environmental Impact of the Manufacturing Process and Environmental Issues

「To address these risks, the Group has identified the development and provision of environmentally considerate products and services as one of its materialities and is working to develop products that contribute to the Group and the global environment. These initiatives are published on the company's website under “Open Up! Products and Services.”」

「The Group also manufactures and sells plastic packaging containers, which account for approximately one-fifth of consolidated net sales. However, depending on future changes in circumstances, sales may be affected, which could in turn affect the Group's business performance and financial condition.」

「Against the backdrop of the marine plastic waste problem and the shift from plastic containers to containers made from other materials, robust global demand for beverage cans continued, driving strong sales of can-making and can-end-making machinery.」

「The Group works to reduce the likelihood of unforeseen environmental issues by regularly identifying and reviewing environmental risks and opportunities.」

「Sales exceeded the same period of the previous year as beverage cups, which had declined sharply in the previous year due to measures such as restrictions on going out amid the spread of COVID-19, increased on a rebound, while bento containers for convenience stores and other products performed well amid the shift from plastic containers to containers made from other materials prompted by the marine plastic waste problem.」

「Sales exceeded the same period of the previous year as beverage cups, which had declined sharply in the previous year due to measures such as restrictions on going out amid the spread of COVID-19, increased on a rebound, while bento containers for convenience stores and other products performed well amid the shift from plastic containers to containers made from other materials prompted by the marine plastic waste problem.」

「In response to the recent shift from plastic containers to containers made from other materials prompted by the marine plastic waste problem, the company received new orders for products including bento containers for convenience stores. However, beverage cups for vending machines and other applications declined due to restrictions on events and leisure activities and the promotion of teleworking amid the spread of COVID-19, while corrugated products for soft drinks and other applications remained sluggish, causing sales to fall significantly below the same period of the previous year.」

「Against the backdrop of the recent global marine plastic waste problem, public pressure to reduce plastic products has been growing. The Group manufactures and sells plastic packaging containers, which account for approximately one-quarter of consolidated net sales, and changes in conditions going forward could affect sales and, in turn, the Group's business results and financial position.」

「The company recognized ¥347 million in provision expense for soil remediation costs.」

「The amount was ¥12.726 billion, down 9.7% year on year, due in part to the recognition of a special loss for provision expense for soil remediation costs.」

「Efforts to reduce the environmental impact of manufacturing processes for the Group's products could increase manufacturing costs, while unforeseen environmental issues arising from the Group's business activities could result in a significant cost burden and seriously damage the Group's reputation or standing.」

「Efforts to reduce the environmental impact of manufacturing processes could increase manufacturing costs, and unforeseen environmental issues could arise from the Group's business activities.」