Investor Relations/Management Informationベラ ジョン カジノ 無料isks

ベラ ジョン カジノ 無料isks that may potentially have significant influence on the Daicel Group's business performance and financial position include the following.
Items listed below do not necessarily comprise all of the risks related to the business of the Daicel Group.
All forward-looking statements are based on information available as of June 24, 2024.

Market Risks

  1. 1Risks from Extreme Market Fluctuations
    The market environment can be affected by various factors, such as a sharp decline in demand caused by abnormal economic conditions, or an excess supply caused by such factors as large-scale plants being constructed by other companies. In the automotive and IC semiconductor and electronic device sectors, which are the face-to-face markets of ベラ ジョン カジノ 無料roup, the market environment is changing rapidly, which has a significant impact not only on the sales price but also on the sales volume of ベラ ジョン カジノ 無料roup’s products.
    As a response, ベラ ジョン カジノ 無料roup is developing new applications and markets, and is strengthening efforts to secure sales volume and revenue, including thorough cost reductions.
  2. 2Trends in Currency Exchange Rates
    Fluctuations in the exchange rate affect the terms of trade related to ベラ ジョン カジノ 無料roup’s import and export transactions, and the results of overseas Group companies’ business performance when converted into Japanese currency.
    In general, depreciation of the yen has a positive effect on our performance, while appreciation of the yen has a negative effect on our performance. At overseas Group companies, business performance may be affected by exchange rate fluctuations in foreign currencies different from the company’s home currency.
    Although the Company executes exchange contracts and otherwise hedges foreign currency risk, these activities are not able to eliminate all the risk and there is a possibility that our operating results and financial position may be adversely affected.
    The Company’s ratio of overseas sales to consolidated net sales is on the rise (65.4% in the fiscal year ended March 31, 2024). According to our calculations, a 1-yen change in the US dollar/yen rate will change annual sales by approximately 2.3 billion yen and consolidated operating income by approximately 900 million yen.
  3. 3Fluctuations in Raw Material (Methanol) Prices
    The Daicel Group purchases a large volume of methanol, a direct or indirect raw material used in many core products. There is a risk that an increase in the purchase price will have a significant impact on our ベラ ジョン カジノ 無料esults Methanol is positioned not only as a raw material for chemical products, but also as a clean energy source in recent years, and there is a risk that the price of methanol will be significantly affected in the future regardless of trends in the chemical industry due to increased concern about environmental issues. As a countermeasure, we are taking steps to stably purchase relatively inexpensive methanol, such as long-term contracts with and investments in methanol manufacturing companies.
  4. 4Fluctuations in Other Raw Material Prices
    To combat raw material and fuel price increases, the Daicel Group has been switching to raw materials and fuels that are less expensive and more stable in price. However, fluctuations in raw material and fuel price have continued due in part to inflation trends in the overall economy and geopolitical risks, and this trend is not expected to change for the foreseeable future. If raw material and fuel prices continue to soar, we will absorb them as much as possible by passing them on to product sales prices in addition to the cost reduction measures described above.

ベラ ジョン カジノ 無料isks

  1. 1Risks in Expanding Overseas Business Operations
    As ベラ ジョン カジノ 無料roup continues to aggressively expand its overseas business, geopolitical risks such as unforeseen legal and regulatory changes, vulnerability of industrial infrastructure, difficulties hiring and retaining qualified employees, and terrorism and war are likely to increase. In particular, there are many cases where the same business is being developed over a wide area in China, Asia, Europe, the United States, etc. Therefore, we believe that there is a risk that business development may be hindered due to economic security issues, or that ベラ ジョン カジノ 無料roup itself may be charged with violations. To address this issue, ベラ ジョン カジノ 無料roup is reviewing its supply chain structure to ensure that the supply structure is completed within the economic security region.
  2. 2Risks Related to Securing Human Resources
    In order for ベラ ジョン カジノ 無料roup to realize the continuous development of its business, it is important to secure and nurture personnel with excellent management skills who can take charge of management strategies and global organizational management, and to secure diverse personnel who are well-versed in specialized technologies.
    However, if the Company is unable to secure and nurture the necessary human resources as planned due to the declining birth rate, aging population, and the declining working population in Japan, and changes in the employment environment at overseas bases, it may have a significant impact on ベラ ジョン カジノ 無料roup’s business and results from a long-term perspective.
    As a countermeasure, ベラ ジョン カジノ 無料roup actively hires new graduates as well as experienced employees throughout the year, and has established a fair personnel evaluation and treatment system to nurture and retain personnel who can thrive independently. We are also working to train potential successors in the education program for the next generation of managers.
  3. 3Risks Related to Logistics
    The distribution environment in Japan expects the increased labor shortage of transport drivers and stevedores due to the declining working population caused by the low birth rate and aging population, in addition to the “upper limit on overtime work” in the Workstyle Reform Law, and there is a risk that the distribution costs will rise and the competitiveness of ベラ ジョン カジノ 無料roup’s products will decline.
    As a countermeasure, ベラ ジョン カジノ 無料roup has had companies specializing in logistics and has focused on achieving an efficient and rational transportation system within ベラ ジョン カジノ 無料overnance of the entire Group. In 2022, we established a cross-group Logistics Reform Project to collaborate with other companies and formulate strategies to strengthen global logistics. Since 2023, we have participated in the Chemical Products Working Group under ベラ ジョン カジノ 無料uidance of the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism, and are working toward the realization of joint logistics.
  4. 4Risks in Procuring Raw Materials
    Chemical products, which are the core products of ベラ ジョン カジノ 無料roup, are focused on highly functional products with high added value, and the number of suppliers is limited because many of the raw materials are very strict and special in terms of quality standards. Although securing certain raw materials is essential for business continuity, there are some cases in which the Company relies on a single supplier. As a result, there are risks associated with the procurement of raw materials, such as the need to secure new suppliers and to respond to changes in factors.
    As a countermeasure, we purchase raw materials from multiple suppliers to ensure stable procurement and ensure that we have sufficient raw materials for production.
  5. 5Risks Related to Capital Alliances/Acquisitions
    With the aim of further business growth, ベラ ジョン カジノ 無料roup is actively engaged in corporate acquisitions and capital alliances that can be expected to have a synergistic effect on ベラ ジョン カジノ 無料roup.
    If the investment results cannot be obtained as expected, or if there is a significant revision to the business plan due to a sudden change in the business environment and other factors, impairment of goodwill or investment loss will adversely affect ベラ ジョン カジノ 無料roup’s business performance.

Environmental Risks

  1. 1Risks Related to Infectious Diseases
    When serious infectious diseases such as pandemic influenza or coronavirus spread, economic activities may be restricted to prevent the spread of infection, and a large number of people may be affected in ベラ ジョン カジノ 無料roup or among business partners. In such a situation, plant downtime, production stoppage, and supply chain disruption may occur, which could adversely affect the performance of ベラ ジョン カジノ 無料roup.
  2. 2Natural Disasters
    In the event that significant damage is incurred from a natural disaster, ベラ ジョン カジノ 無料roup’s business performance may be adversely affected. In particular, one of ベラ ジョン カジノ 無料roup’s primary manufacturing facilities, the Fuji Plant of Polyplastics Co., Ltd., is in a region that requires enhanced countermeasures for disaster prevention related to an anticipated Tokai earthquake. There is a risk that a massive earthquake could occur anywhere, not just in the Tokai area, and that a wide-area disaster far exceeding the expected level could occur.
    As a countermeasure, necessary measures such as seismic reinforcement are carried out sequentially as planned, disaster drills and stockpiling of necessary goods are carried out in preparation for the occurrence of a disaster, and we are always in close communication with suppliers in consideration of the possibility that the supply of raw materials may not be available or may be delayed due to the impact of the disaster.
  3. 3Risks Related to Environmental Regulations
    Due to the increasing social demands for environmental protection, the environmental regulations are tightening. In our production activities, we have made capital investments to comply with these regulatory laws concerning these regulations. In recent years, the impact of chemical products on the environment has also been emphasized, and since ベラ ジョン カジノ 無料roup has many businesses related to synthetic resins, environmental regulations may affect sales and adversely affect ベラ ジョン カジノ 無料roup’s business performance.
    As a countermeasure, we are focusing on the spread of products made from cellulose acetate, a natural material that dramatically improves its biodegradability in the ocean and is environmentally friendly. As an effective solution to the marine plastic waste problem, which has become a worldwide problem, we are strengthening our efforts by considering the situation of strict environmental regulations not only as a risk but also as an opportunity.
  4. 4Risks Related to Climate Change
    There is a physical risk that abnormal weather due to climate change will affect the operation of ベラ ジョン カジノ 無料roup’s plants and supply chain, or risks such as rising raw material, fuel, and electricity prices due to an inability to respond to the transition to a low-carbon society may adversely affect ベラ ジョン カジノ 無料roup’s business performance. In Japan, we believe that the risk of incurring costs related to GHG emissions is increasing, partly due to the announcement of the full-scale introduction of the Emissions Trading System (GX-ETS) from fiscal 2026.
    As countermeasures, we are making efforts to conserve energy and reduce GHG (greenhouse gas) emissions by drastically reviewing production processes, introducing new technologies, and optimizing energy use throughout ベラ ジョン カジノ 無料roup. We also aim to achieve carbon neutrality through the establishment of Biomass Value Chain.

Quality and Product

  1. 1Risks Related to Quality Guarantee and Product Liability
    Damage caused by products manufactured by ベラ ジョン カジノ 無料roup may adversely affect ベラ ジョン カジノ 無料roup’s business performance. In particular, the business of B to B is mainstream for ベラ ジョン カジノ 無料roup, and there may be multiple levels of added value before delivering products to ベラ ジョン カジノ 無料eneral consumer, and there may be significant liability if the final product is recalled.
    As a countermeasure, we have established a quality guarantee system for our products and are working to ensure product safety and prevent leakage of defective products. We also carry liability insurance just in case.
  2. 2Risks Related to Accidents
    ベラ ジョン カジノ 無料roup is a chemical company, and in the event of an industrial accident such as a fire or explosion, the damage could be severe and ベラ ジョン カジノ 無料roup’s business performance could be adversely affected.
    As countermeasures, we are strengthening crisis assessment on the assumption of a fire or explosion, strengthening infrastructure to minimize human damage and respond to a disaster by installing remote fire extinguishing equipment, and continuously taking measures for safety and disaster prevention activities.

R&D risks

  1. 1Risks Related to R&D and Securing Technical Personnel
    ベラ ジョン カジノ 無料roup is actively conducting research and development activities to strengthen existing businesses and create new ones. However, if the speed of technological innovation is so fast recent years that new products cannot be developed and commercialized as planned, there is a risk that the invested R&D costs cannot be recovered. In order to maintain and strengthen these R&D systems, it is essential to secure highly skilled human resources. However, the risk of not securing human resources in all fields, not only R&D, is significant and could adversely affect ベラ ジョン カジノ 無料roup’s business performance.
    As a countermeasure, we conduct thorough discussions and make decisions on the selection of research topics and allocation of resources at the management level. We also work to improve the efficiency of research and development through joint research by industry, academia, government, and cooperation with other companies, and to link it to commercialization. We are also working to reduce risks across ベラ ジョン カジノ 無料roup by securing a variety of human resources and utilizing IT technologies.
  2. 2Risks Related to Intellectual Property (IP)
    Based on the Ethical Standards of Daicel Group, “We carefully safeguard ベラ ジョン カジノ 無料roup’s intellectual property rights and prohibit any actions that would infringe upon the rights of others,” ベラ ジョン カジノ 無料roup strives to adopt a strategic approach, including the investigation of IP-related information, the acquisition and management of IP rights, as well as to the conclusion and management of appropriate IP-related contracts. However, it is possible that ベラ ジョン カジノ 無料roup may be subject to an unexpected warning or litigation related to infringement of third-party IP rights, or a third party may infringe ベラ ジョン カジノ 無料roup’s IP rights without permission. Any of these cases could adversely affect ベラ ジョン カジノ 無料roup’s business performance.
    With regard to intellectual property rights, we believe that they have become more complex than in the past, such as simply imitating or not imitating them, and even if we thoroughly investigate (and respect) intellectual property rights of third parties in advance, there is still a risk of unexpected warnings and lawsuits.
    As a countermeasure, we are actively engaged in strategic activities such as the acquisition and management of intellectual property rights and the conclusion and management of appropriate contracts to reduce such risks. In particular, when developing new products and technologies, we recognize that it is important to acquire intellectual property rights with the awareness of business competitors in order to give our Company an advantage in the future development of our business, and to prevent infringement lawsuits from other companies.

Compliance

  1. 1Litigation Risks
    ベラ ジョン カジノ 無料roup strives to comply with domestic and overseas laws and regulations. However, while conducting business globally and in various fields, there is a risk of being subject to lawsuits, disputes, and other legal procedures, and we may thus be subject to significant litigation.
    We also believe it is important to be aware of the fact that it will not be the case only of our Company that the lawsuits are not just coming from other companies but increasingly from employees and former employees of the company’s own group.
    If an adverse decision or judgment is made in a judicial decision, etc., ベラ ジョン カジノ 無料roup’s operating results and financial position may be adversely affected.
  2. 2Risks Related to Information Security
    There is a risk that information may be leaked or falsified due to a fault in the communications network, a malfunction or defect in the hardware or software on a network or computer system, or a criminal act such as external intrusion into a computer system through unauthorized means such as computer viruses or malware, or an error of an employee or contractor.
    As countermeasures, ベラ ジョン カジノ 無料roup is building management frameworks and conducting employee training programs, and also constantly introduces and updates its security software to address the changing IT environment. We also provide training for all employees to deal with suspicious emails.
  3. 3Human Rights Risk
    Human rights risks have become very important in recent years, and ベラ ジョン カジノ 無料roup believes that respect for human rights should not only be strictly enforced within ベラ ジョン カジノ 無料roup, but should also be sought outside ベラ ジョン カジノ 無料roup. Securing human rights in supply chains, particularly in emerging countries, is particularly important. If human rights violations or child labor are confirmed, risks related to delays in raw material procurement and production activities may become apparent.
    As a countermeasure, ベラ ジョン カジノ 無料roup has established the Daicel Group Human Rights Policy and regularly conducts due diligence on human rights to reduce risks.

Others

  1. 1Risk Related to Impairment Loss of Fixed Assets
    With respect to the machinery and equipment, land and buildings used by ベラ ジョン カジノ 無料roup or loaned to third parties, there is a potential risk of impairment due to a decline in asset value, such as the inability to earn profit as planned or the expected recovery of investment. As of the end of the fiscal year ended March 2024, the total carrying amount of property, plant and equipment and intangible assets was 319.7 billion yen, and there is a risk of impairment due to a significant change in the assumed business environment. Impairment losses on fixed assets could adversely affect the Company’s operating results and financial position.
    In order to improve the accuracy of our investment plans, we are reviewing our risk assessment methods.
  2. 2Inappropriate Actions Concerning Third-party Certification Registration of Resin Products of our Group Company
    In 2022, our Group’s Daicel Miraizu Ltd. was found to have acted improperly in connection with the certification by Underwriters Laboratories Limited Liability Company (hereinafter, UL), a third-party safety science organization in the United States, for some resin products sold by Daicel Miraizu Ltd.
    In response to this improper conduct, an investigation committee consisting of our Company’s independent outside corporate auditors and outside experts who have no interest in our Company was established to investigate the facts of this improper conduct and whether there are similar cases related to UL certification at subsidiaries in our Company located in Japan. In addition, an analysis of the causes of these acts and recommendations for measures to prevent their recurrence were delegated, and an investigation report was received from the committee on December 16, 2022. This research report is published on our Company website(Japanese only).
    In response to the committee’s recommendations on measures to prevent recurrence, we have once again positioned “Safety,” “Quality,” and “Compliance” as the foundations of our “manufacturing,” and we newly established “Daicel Group Code of Conduct” and “Ethical Standards of Daicel Group.” We also worked to establish a system to prevent recurrence. On April 1, 2023, we separated the functions of auditing and promoting safety and quality, and implemented organizational changes to strengthen each function.
    With regard to the 10 recommendations received from the investigation committee for the prevention of recurrence, the department in charge of each item reviews and implements measures, and the status is reported to the Board of Directors as appropriate. With regard to risks related to quality fraud, prior to organizing risk management activities for the entire Group, the headquarters, which is responsible for ensuring safety and quality, is working with the quality assurance departments of each plant to steadily establish a system for identifying risks.
    In addition, with regard to inappropriate quality conduct in ベラ ジョン カジノ 無料roup, which was confirmed through a questionnaire survey conducted by the investigation committee, the headquarters, which is responsible for ensuring safety and quality, is currently working to verify that this behavior is not currently occurring and that measures are being taken to prevent recurrence.
    Going forward, all our Group executives and employees will return to the basics of manufacturing and make every effort to restore trust and prevent recurrence.