Risk of cost and demand fluctuations due to climate change and decarbonization regulations
First written in FY2023. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 1 of 12 companies on the "Worse" side.
55 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company's main risks under the 1.5°C (below 2°C) scenario include higher procurement costs for packaging materials, hangers and textiles due to plastics regulations. Other identified risks include fluctuations in transportation costs and higher operating costs due to the introduction of carbon-pricing mechanisms, including carbon taxes, and the potential for lower demand due to changes in customer preferences.」
For climate change risks, the company continues to identify plastics regulations, carbon taxes and carbon pricing, transportation and operating costs, and demand fluctuations under the 1.5°C scenario. - FY2024WorsenedAnnual report
「The company's main risks under the 1.5°C (below 2°C) scenario include higher procurement costs for packaging materials, hangers and textiles due to plastics regulations. Other identified risks include fluctuations in transportation costs and higher operating costs due to the introduction of carbon-pricing mechanisms, including carbon taxes, and the potential for lower demand due to changes in customer preferences.」
For climate change risks, the company specified plastics regulations, carbon taxes and carbon pricing, transportation and operating costs, and changes in customer preferences by scenario, and added extreme weather and operating shutdown risks under the 4°C scenario to the scope of its analysis. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes to the risks of cost and demand fluctuations due to climate change and decarbonization regulations. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes to the risks of cost and demand fluctuations due to climate change and decarbonization regulations. - FY2023First statedAnnual report
「Against total annual electricity consumption of 120 million kWh (actual for the fiscal year ended March 2021), an increase of approximately 15% in electricity consumption due to rising temperatures would pose a risk of approximately ¥330 million in additional costs.」
The company explicitly identified increased electricity consumption and raw material costs due to climate change, the introduction of regulations such as carbon taxes, and declining demand for heavy clothing as new business and other risks, and also disclosed the potential financial impact.