Risk of Complaints and Litigation Involving Nearby Residents
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2023: 2 of 8 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「However, in the condominium sales business and other operations, the Group has faced lawsuits and other claims arising from complaints and similar matters raised by local residents in connection with construction, and such matters may arise in the future as well. Depending on the nature and outcome of such lawsuits and other matters, they could affect the Group's operating results and financial position.」
The company reiterates the possibility of lawsuits and claims arising from neighbourhood complaints and similar matters. - FY2017RestatedAnnual report
「The Group works to avoid lawsuits and complaints through the development and operation of its compliance systems, and there are currently no lawsuits pending against the Group that would have a material impact on its business performance. However, in the condominium sales business and other operations, the Group has faced lawsuits and other claims arising from complaints and similar matters raised by local residents in connection with construction, and such matters may arise in the future as well.」
While stating that there are currently no material lawsuits, the company continues to identify the possibility of lawsuits and claims arising from neighbourhood complaints and similar matters. - FY2016First statedAnnual report
「In the condominium sales business and other operations, the Group has faced lawsuits and other claims arising from complaints and similar matters raised by local residents in connection with construction, and such matters may arise in the future as well.」
The company explicitly states that lawsuits and claims arising from complaints and similar matters raised by local residents have occurred in the past.