Business Impact of Changes in Laws and Regulations and Violations of Laws and Regulations
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023-Q1.
Asanuma moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Materialised".
- FY2023-Q1MaterialisedAnnual report
「Following the arrest of one of the Company's employees on 26 July 2022 on suspicion of obstructing competitive bidding for a public contract, the Company has been suspended from designation by local governments and other authorities. The suspension is expected to reduce orders for government construction projects going forward, although the amount of the impact on the financial position and business performance is unknown.」
Previously, the disclosure described administrative sanctions resulting from changes in laws and regulations or violations as a possibility. A suspension from designation actually occurred following the arrest of an employee, creating a situation in which orders for government construction projects are expected to decline. The amount of the impact is unknown. - FY2020RestatedAnnual report
「The Group's business is subject to international regulations and to laws and regulations at the national and local-government levels in various respects. Changes in these regulations and other developments may result in further regulation of the Group's business and require substantially higher costs.」
The risk that changes in domestic and overseas laws and regulations could result in greater business regulation or higher costs is reconfirmed. - FY2019RestatedAnnual report
「Amendments, repeals or enactments of these laws, and changes to applicable standards, may affect business performance and other matters. Although the Group is working to enhance its compliance systems, violations of these laws and regulations may result in administrative sanctions and affect business performance, business operations and other matters.」
The risks of changes to laws and regulations, changes to applicable standards, and administrative sanctions for violations are reiterated. - FY2018RestatedAnnual report
「Amendments, repeals or enactments of these laws, and changes to applicable standards, may affect business performance and other matters. Although the Group is working to enhance its compliance systems, violations of these laws and regulations may result in administrative sanctions and affect business performance, business operations and other matters.」
The risks of changes to laws and regulations, changes to applicable standards, and administrative sanctions for violations are reiterated. - FY2017RestatedAnnual report
「Amendments, repeals or enactments of these laws, and changes to applicable standards, may affect business performance and other matters. Although the Group is working to enhance its compliance systems, violations of these laws and regulations may result in administrative sanctions and affect business performance, business operations and other matters.」
The risks of changes to laws and regulations, changes to applicable standards, and administrative sanctions for violations are reiterated. - FY2016First statedAnnual report
「Amendments, repeals or enactments of these laws, and changes to applicable standards, may affect business performance and other matters. Although the Group is working to enhance its compliance systems, violations of these laws and regulations may result in administrative sanctions and affect business performance, business operations and other matters.」
The legal and regulatory environment, including the Construction Business Act, Building Standards Act, Antimonopoly Act and Construction Recycling Act, as well as the risk of administrative sanctions for violations, is identified as a risk.