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  • Stock Price

Environmental Accounting

 

Overview of fiscal 2010

  • As investment in production-related equipment in factories rose in 2010, environmental-related capital expenditure also increased.
  • More specifically, there was an increase of more than 2.4 billion yen for only investment related to the protection of the global environment and to the prevention of pollution associated with the flat panel display manufacturing facilities for which renewal or expansion had been held back in 2009.
  • Capital expenditure on the development of energy-saving products and on research concerning energy-saving production processes is around the same as that in 2009.
  • Costs including various expenses are around the same as those in 2009.
  • The value of environmental conservation benefits is lower because, compared to 2009, there was a rise in production and in the amount of energy such as electricity and natural gas used.

Period of coverage

Fiscal 2010 (April 1, 2010 — March 31, 2011)

Scope of environmental accounting

61 domestic companies in the Fujifilm Group (FUJIFILM Holdings, FUJIFILM Corporation and 17 Fujifilm affiliates, Fuji Xerox and 40 Fuji Xerox affiliates, and Toyama Chemical)

Environmental accounting for fiscal 2010

Environmental Conservation Costs

(¥ Million)
  Capital investment Expenses
(Fiscal Year) 2009 2010 2009 2010
1. Costs incurred at the business site 1,487 3,502 11,832 9,542
(1) Environmental damage prevention 850 2,201 6,073 4,911
(2) Global environmental protection 594 943 3,005 2,200
(3) Resource recycling 43 358 2,753 2,431
2. Upstream/downstream costs, Recovery from
the market		 11 26 10,584 7,660
3. Cost of management activities 45 76 9,147 8,079
4. Research and
development costs		 1,125 931 17,483 19,804
5. Costs for social programs 0 0 86 297
6. Costs for handling environmental damage, Pollution levies 1 11 329 211
Total 2,670 4,545 49,461 45,593

Environmental Conservation Benefits: Economic impact within the Group

(¥ Million)
  Economic impact within the Group
  (Fiscal Year) 2009 2010
1. Costs incurred at the business site      
(1) Environmental damage prevention Reduced pollution levy 2 -4
(2) Global environmental protection Energy conservation 545 -1,443
(3) Resource recycling Reduced use of raw materials and resources 7,363 10,935
Reduced water resource consumption(*5) 803 -808
Recovery and recycling    
Silver 1,521 1,668
Polymeric materials 860 875
Aluminum materials 317 228
Other recycling 331 267
2. Upstream/downstream costs, Recovery from
the market		 QuickSnap recovery, Parts recovered from used equipment 10,069 5,991
3. Cost of management activities      
4. Research and
development costs		      
5. Costs for social programs      
6. Costs for handling environmental damage, Pollution levies      
Total   21,811 17,709

Environmental Conservation Benefits: Economic impact outside the Group

(¥ Million)
  Economic impact outside the Group
  (Fiscal Year) 2009 2010
1. Costs incurred at the business site      
(1) Environmental damage prevention Reduced SOx emissions(*1) 0.1 0.005
Reduced volume of
SOx emissions		 20 tons 28 tons
Reduced volume of
NOx emissions		 158 tons 9 tons
Reduced VOC emissions(*2) 55 -70
Reduced volume of
VOC emissions		 156 tons -25 tons
(2) Global environmental protection Reduced CO2 emissions(*3) 75 -75
Reduced volume of
CO2 emissions		 47 kilotons -38 kilotons
(3) Resource recycling Reduced waste materials through reuse and recycling(*4) 10,667 11,092
Reduced volume(*6) 106.7 kilotons 110.9 kilotons
Reuse of aluminum materials, 63 80
Reduced volume of CO2 emissions 40 kilotons 40 kilotons
2. Upstream/downstream costs, Recovery from
the market		      
3. Cost of management activities      
4. Research and
development costs		 Customer benefits are shown in the table above. 59,101 56,919
5. Costs for social programs      
6. Costs for handling environmental damage, Pollution levies      
Total   69,961 67,946
  • *1 SOx emissions reductions: ¥167/ton
    Bidding price of SOx emissions credits offered by the United States Environmental Protection Agency in March 2011 (US$2/ton).
  • *2 VOC emissions reductions: ¥350,000/ton
    From the "Economics Evaluation Report on Countermeasures for Harmful Atmospheric Pollutants" issued by Japan Environmental Management Association for Industry, February 2004.
  • *3 CO2 emissions reductions: ¥1,957/ton
    Trading price of EU emissions credit 2011 futures (€17.27/ton) at the end of March 2011.
  • *4 Landfill costs for the waste product (¥100/kg).
  • *5 Water resource consumption reduction: ¥200/ton for clean water supply, ¥200/ton for sewage water times the reductions amount.
  • *6 Volume of recycle and valuable resources in generated industrial waste

Basic items

Objectives of environmental accounting
  1. To provide accurate quantitative information on volumes and economic effects to interested parties within and outside the Group
  2. To provide numerical environment-related information useful for decision making by management and supervisors at the working level
Accounting method

Based on the "Environmental Accounting Guidelines (2005 edition)" published by the Japanese Ministry of the Environment.

  1. Depreciation is calculated, in principle, according to the straight-line method over a 3-year period.
  2. When costs include expenditures for both environmental and non-environmental purposes, the portion relating to non-environmental purposes has been excluded.
  3. Economic impact within the Group: The difference in value terms from the previous year in fines for polluting and usage of energy, raw materials, water, and other resources is accounted for, as well as the real impact of recovery, recycling, and other measures in value terms for the year in question.
  4. Economic impact outside the Group: The difference in value terms from the previous fiscal year is shown for SOx, VOCs, and CO2. For recycling, the anticipated benefit in value terms is shown for the year in question.

Customer benefits

(¥ Million)
Product Amount
Fiscal 2009 Fiscal 2010
1. High-density magnetic memory materials 4,141 -1,178
2. Pre-sensitized aluminum plate not using plate-making film 21,086 23,651
3. Film for LCDs: WV films 23,263 23,136
4. Digital color multifunction device and printers 10,611 11,310
Total 59,101 56,919

Customer benefits are expressed in monetary terms based on a comparison of environmental burden between the case in which customers use new products they purchased and the case where they use old products. Total customer benefits for 2010 are lower compared to 2009. Notably, customer benefits associated with high-density magnetic memory materials fell because cost per memory density rose. Customer benefits associated with non-film PS plates increased due to higher product shipment.


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