Tightening environmental regulations and environmental compliance costs
First written in FY2017. 2 of 7 entries say "Materialised", first in FY2021. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「Environmental compliance costs － 450」
The Group recorded environmental compliance costs of ¥450 million as an extraordinary loss during the consolidated fiscal year, indicating that environmental compliance costs had actually been incurred. - FY2024Climate change scenario analysis made more specificAnnual report
「The Group conducted scenario analysis to identify the risks and opportunities that future climate change could pose to its business activities, assess the financial impact, and formulate appropriate measures and strategies.」
Using 1.5°C and 4°C scenarios, the Group specifically analyzed and disclosed the financial impact, time horizons, and response measures associated with climate-related risks and opportunities. - FY2023ReframedAnnual report
「The Group has also expressed its support for the TCFD Recommendations and is advancing its response and disclosure regarding the impact of climate change on its business activities from both opportunity and risk perspectives, based on the categories of governance, strategy, risk management, and metrics and targets.」
The previous environmental regulation and environmental compliance cost risks were reorganized and disclosed within a framework covering climate-related opportunities and risks, governance, strategy, risk management, and metrics and targets in line with the TCFD Recommendations. - FY2022ReframedAnnual report
「(11) Risks related to environmental and climate-related regulations」
The scope was expanded from the previous risks associated with CO₂ emissions regulations and tighter environmental standards to risk items including climate-related regulations. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, it was newly discovered that PCB-containing ballasts had been installed in certain areas of the Group’s factories. Accordingly, estimated processing and other costs were recorded as an environmental measures provision expense under non-operating expenses.」
The presence of PCB-containing ballasts was newly discovered, and an environmental measures provision expense of ¥285 million was recorded. The risk of environmental compliance costs materialized. - FY2018RestatedAnnual report
「If environmental standards, including CO₂ emissions regulations, are strengthened in the future, this could affect the Group’s financial position and operating results through the incurrence of new compliance costs or suspension of operations.」
The risk of compliance costs and suspension of operations resulting from tighter environmental standards, including CO₂ emissions regulations, is reiterated. - FY2017First statedAnnual report
「If environmental standards, including CO₂ emissions regulations, are strengthened in the future, this could affect the Group’s financial position and operating results through the incurrence of new compliance costs or suspension of operations.」
The potential for compliance costs and suspension of operations resulting from tighter environmental standards, including CO₂ emissions regulations, was indicated.