Delays in Developing Products to Address Exhaust Gas Regulations
First written in FY2016. 4 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Regulations relevant to the Company include the Tier 3 NOx regulations, SOx regulations, EEDI and EEXI regulations (CO2 regulations), and onboard-noise regulations. …As one countermeasure, we developed a gas engine that complies with the regulations. We also have a track record of supplying vessels equipped with SCR, one type of after-treatment system.」
In addition to the previously disclosed regulatory requirements, it explicitly identifies the EEXI regulations and describes the development of a regulation-compliant gas engine and its track record with vessels equipped with SCR as completed countermeasures. - FY2023MitigatedAnnual report
「As one countermeasure, we developed a gas engine that complies with the regulations.」
While continuing to disclose the risk of failing to comply with IMO regulations, it explicitly identifies the development of a regulation-compliant gas engine as a completed countermeasure. - FY2022RestatedAnnual report
「Regulations relevant to the Company include the Tier 3 NOx regulations, SOx regulations, EEDI regulations (CO2 regulations), and onboard-noise regulations. At present, the regulation that we believe will require direct compliance in the future is the Tier 3 NOx regulation. If we are unable to develop an engine or technology that complies with the regulation, this may have a significant impact on our operating performance and financial condition.」
It continues to disclose the risk of failing to comply with IMO regulations, particularly the Tier 3 NOx regulation. - FY2021RestatedAnnual report
「Regulations relevant to the Company include the Tier 3 NOx regulations, SOx regulations, EEDI regulations (CO2 regulations), and onboard-noise regulations. At present, the regulation that we believe will require direct compliance in the future is the Tier 3 NOx regulation. If we are unable to develop an engine or technology that complies with the regulation, this may have a significant impact on our operating performance and financial condition.」
It continues to disclose the risk of failing to comply with IMO regulations, particularly the Tier 3 NOx regulation. - FY2020ReframedAnnual report
「At present, the regulation that we believe will require direct compliance in the future is the Tier 3 NOx regulation. If we are unable to develop an engine or technology that complies with the regulation, this may have a significant impact on our operating performance and financial condition. As one countermeasure, we are working diligently to develop a gas engine that complies with the regulation.」
It reorganizes the former risk of delays in developing new environmentally compliant products as the risk of failing to comply with IMO regulations, including the Tier 3 NOx, SOx, EEDI and onboard-noise regulations, and explicitly identifies gas-engine development as a countermeasure. - FY2019RestatedAnnual report
「With respect to the risk of developing new environmentally compliant products, we are working to enhance functionality by expanding our electronically controlled engines and developing gas engines.」
It continues to enhance the functionality of environmentally compliant products by expanding electronically controlled engines and developing gas engines. - FY2018MitigatedAnnual report
「With respect to the risk of developing new environmentally compliant products, we are working to enhance functionality by expanding our electronically controlled engines and developing gas engines.」
For the risk of delays in developing products to comply with exhaust-emissions regulations, it identifies the expansion of electronically controlled engines and the development of gas engines as countermeasures. quantified:false, materialized:false. - FY2017RestatedAnnual report
「Stricter exhaust-emissions regulations for marine engines are being introduced in stages under the convention for preventing marine pollution. We have worked to develop products that comply with these regulations in succession, but any delay in future development could place our products at a disadvantage in the market.」
While advancing product development to address stricter exhaust-emissions regulations, it continues to identify development delays as a market risk. - FY2016First statedAnnual report
「Stricter exhaust-emissions regulations for marine engines are being introduced in stages under the convention for preventing marine pollution. We have worked to develop products that comply with these regulations in succession, but any delay in future development could place our products at a disadvantage in the market.」
Although it is developing products to comply with stricter exhaust-emissions regulations, it identifies development delays as a market risk.