Soil contamination remediation costs and environmental remediation risk
First written in FY2022-Q2. 2 of 5 entries say "Materialised", first in FY2022. Latest entry: FY2026.
Azuma Shipping moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Because costs for removing underground obstacles are expected to be incurred in connection with the lease of business-use land owned by the Company, the Company recognized the estimated amount of ¥30.140 million.」
The Company newly recognized a provision of ¥30.14 million for the cost of removing underground obstacles as an environmental remediation cost. - FY2023-Q2Payment of environmental remediation costsAnnual report
「Cash provided by operating activities during the six months ended the second quarter was ¥670 million, a decrease of ¥476 million from the same period of the previous year. Although the change in trade receivables increased cash flow by ¥128 million, payments of ¥445 million for environmental remediation costs and a ¥124 million decrease arising from the change in trade payables, among other factors, affected cash flow.」
The Company paid ¥445 million during the current quarter for environmental remediation costs related to soil contamination remediation recognized in the previous fiscal year. - FY2022MaterialisedAnnual report
「The Company recognized ¥461.035 million in actual costs for soil contamination remediation associated with building construction work carried out by the lessee of land owned by the Company.」
For soil contamination remediation recognized as an estimate in the previous fiscal year, the Company recognized ¥461.035 million in environmental remediation costs in the current fiscal year, and the costs were actually incurred. - FY2022-Q3RestatedAnnual report
「The Company recognized ¥342.645 million, the estimated cost required for soil contamination remediation associated with building construction work carried out by the lessee of land owned by the Company.」
The Company continues to report the recognition of the estimated ¥342.645 million cost of soil contamination remediation as an environmental remediation provision. - FY2022-Q2First statedAnnual report
「The Company recognized ¥342.645 million, the estimated cost required for soil contamination remediation associated with building construction work carried out by the lessee of land owned by the Company.」
The Company recognized the estimated ¥342.645 million cost of soil contamination remediation associated with building construction work by the lessee of land owned by the Company as an environmental remediation provision.