Risk to business performance from changes in environmental laws and regulations
First written in FY2019. 1 of 6 entries say "Restated". Latest entry: FY2022.
Fp moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2021: 4 of 17 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2022ReframedAnnual report
「The Group conducts its business in compliance with environment-related laws, regulations and other requirements. However, if a carbon tax or a tax on packaging using virgin plastics is introduced in the future, this could affect the operating results of the Group.」
The previously described risk of changes in environmental laws and regulations has been reorganized as specific regulatory risks relating to climate change and resource circulation, including a carbon tax and taxation of virgin plastics. - FY2022-Q1Enactment of the Act on Promotion of Resource Circulation for PlasticsAnnual report
「Following the enactment in June 2021 of the Act on Promotion of Resource Circulation for Plastics, businesses certified by the competent minister will be able to collect and transport used products without obtaining a business licence under the Waste Management and Public Cleansing Act. Further progress in plastic recycling is therefore expected.」
The Company describes the enactment of the Act on Promotion of Resource Circulation for Plastics and the direction of system changes concerning the collection and transport of used products. - FY2021-Q3MaterialisedAnnual report
「The amended annex to the Basel Convention entered into force in January 2021, and the consent of the importing country became required when exporting certain waste plastics.」
The anticipated system change described previously was implemented in practice through the amended annex to the Basel Convention taking effect in January 2021. - FY2021-Q2Specific regulatory changesAnnual report
「The amended annex to the Basel Convention entered into force in January 2021, and the consent of the importing country is required when exporting certain waste plastics. The Ministry of the Environment and the Ministry of Economy, Trade and Industry are also considering separating and collecting not only plastic containers and packaging but also plastic products discharged by households as resources, as well as incentives for consumers who cooperate with businesses in voluntary collection and support for measures implemented by businesses to increase collection volumes.」
The Company describes specific developments relating to the risk of changes in environment-related laws and regulations, including the entry into force of the amended annex to the Basel Convention and consideration of domestic separation and collection systems. - FY2020RestatedAnnual report
「The Group conducts its business in compliance with environment-related laws, regulations and other requirements. However, if these laws, regulations or other requirements change in the future, this could affect the operating results of the Group.」
The Company has reconfirmed the earnings risk arising from changes in environment-related laws and regulations. - FY2019First statedAnnual report
「However, if laws, regulations or other requirements change in the future, this could affect the operating results of the Group.」
While advancing initiatives to address environmental issues, the Company has identified the impact of future changes in laws and regulations on operating results as a new risk.