Decline in trust due to violations of laws and corporate ethics
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 8 of 54 companies on the "Worse" side.
69 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In our renovation business, our Group complies with applicable laws and regulations and conducts its business in accordance with corporate ethics. However, if conduct in violation of these requirements occurs and damages public trust, this may adversely affect our Group’s business performance and financial condition through customer attrition and other consequences.」
The risks of reduced credibility and customer attrition arising from violations of laws, regulations, or corporate ethics have been reaffirmed. - FY2021RestatedAnnual report
「In our renovation business, we comply with applicable laws and regulations and conduct our business in accordance with corporate ethics. However, if conduct in violation of these requirements occurs and damages public trust, this may adversely affect our business performance and financial condition through customer attrition and other consequences.」
The risks of reduced credibility and customer attrition arising from violations of laws, regulations, or corporate ethics are reiterated. - FY2020First statedAnnual report
「If conduct in violation of these requirements occurs and damages public trust, this may adversely affect our business performance and financial condition through customer attrition and other consequences.」
The risks of reduced public trust and customer attrition arising from conduct that violates applicable laws, regulations, or corporate ethics are indicated.