SBT-aligned target: 50% Scope 1+2 reduction by FY2030 (vs FY2020) and net zero by FY2050 In view of the Science Based Targets (SBT) based on the Paris Agreement, the Group has set its targets for Scope 1 and Scope 2 emissions to reduce them by 50% by FY2030 compared with the levels in FY2020 and to substantially zero by FY2050.
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Fire accident at Nakai Plant A fire accident occurred at the Company's Nakai Plant in Kanagawa Prefecture on October 25, 2021. ¥759 million loss on disaster recorded; ¥1,118 million insurance claim received. Impacted Store Displays segment income.
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Primary: Manufacturing facility energy switching (hydro + solar PV) To meet SBT-aligned targets (50% Scope 1+2 reduction by FY2030 vs FY2020; net zero by FY2050), Okamura is switching production facilities to hydraulic power generation and introducing photovoltaic systems at selected plants. Energy-saving equipment upgrades are being rolled out systematically toward 2050 carbon neutrality.
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Joined RE100 — 100% renewable electricity commitment The Group has participated in RE100, a global initiative committed to 100% use of renewable electricity in business activities. Switching to hydraulic power generation and the introduction of photovoltaic power generation facilities are already underway.
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Acquired 70% of DB&B Holdings Pte. Ltd. (Singapore) The Company acquired 70% of DB&B Holdings Pte. Ltd., a Singapore-based office design and interior construction company operating also in China and the Philippines, for ¥3,263 million in cash. Goodwill of ¥2,470 million arose. Remaining 30% to be acquired upon finalization of FY2023 financials.
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RE100 commitment with on-site solar and hydro power switching The Okamura Group has joined RE100, committing to 100% renewable electricity in business activities. Switching to hydraulic power generation and the introduction of photovoltaic power generation facilities are already underway at some production and other facilities. The Group will systematically promote the introduction of renewable energy and switching to energy-saving facilities toward the realization of carbon neutral operation in 2050.
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Adopted ASBJ Revenue Recognition Standard (ASBJ Statement No. 29) Application of the new Accounting Standard for Revenue Recognition reduced net sales by ¥2,215 million, operating income by ¥467 million, and beginning retained earnings by ¥870 million.
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Primary: TCFD-aligned climate risk evaluation in management strategy By referencing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Group evaluates and discloses the impact of climate-related risks and opportunities on management, reflecting them in medium- to long-term management strategy.
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