Legal and Regulatory Risks Relating to Public Works Qualification Applications and Bidding
First written in FY2016. 7 of 8 entries say "Restated". Latest entry: FY2026.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If false applications or fraudulent bidding practices are carried out in these procedures, sanctions may include revocation of the construction business license, suspension of operations, and suspension from designated bidding, which would have a substantial impact on the Group's business plans.」
The disclosure continues to identify the risk of administrative sanctions arising from false applications and fraudulent practices relating to qualification applications and bidding for public works. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], no new business or other risks arose. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business or other risks, including legal and regulatory risks relating to qualification applications and bidding for public works. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [current first quarter], no new business or other risks arose. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in business or other risks, including legal and regulatory risks relating to qualification applications and bidding for public works. - FY2022RestatedAnnual report
「If false applications or fraudulent bidding practices are carried out in these procedures, sanctions may include revocation of the construction business license, suspension of operations, and suspension from designated bidding, which would have a substantial impact on the Group's business plans.」
The disclosure continues to identify the risks of false applications, fraudulent bidding, and administrative sanctions relating to qualification applications and bidding for public works. - FY2019RestatedAnnual report
「If false applications or fraudulent bidding practices are carried out in these procedures, sanctions may include revocation of the construction business license, suspension of operations, and suspension from designated bidding, which would have a substantial impact on the Group's business plans.」
The disclosure continues to identify the risks of false applications, fraudulent bidding, and administrative sanctions relating to qualification applications and bidding for public works. - FY2018RestatedAnnual report
「If an application for a management matters evaluation contains false information, administrative sanctions, including revocation of the construction business license or suspension of operations, or suspension from designated bidding may be imposed.」
The company continues to describe the risks of false applications, fraudulent bidding and administrative sanctions related to qualification applications and bidding for public works. - FY2017RestatedAnnual report
「If an application for a management matters evaluation contains false information, administrative sanctions, including revocation of the construction business license or suspension of operations, or suspension from designated bidding may be imposed.」
The company continues to describe the legal risks of false applications and fraudulent practices related to qualification applications and bidding for public works. - FY2016First statedAnnual report
「If false applications or fraudulent bidding practices are carried out, the construction business license may be revoked, or the company may be subject to suspension of operations or suspension from designated bidding. This would have a significant impact on the Group's business plans.」
The company identifies as risks administrative sanctions and suspension from designated bidding in connection with management matters evaluations, applications for qualification to participate in competitive bidding, violations of the Antimonopoly Act, and collusive bidding involving public officials.