Introduction of Laws, Regulations and Licensing Requirements for the M&A Brokerage Business
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「There are currently no laws, regulations or licensing requirements that directly regulate the M&A advisory business. However, if the M&A advisory business becomes subject to legal regulation in the future as a result of the enactment or revision of laws and regulations, our business performance could be affected.」
The company continues to disclose the current absence of direct regulation and the risk of future legislation or regulatory revisions, while adding an explanation of its response to the registration system and industry self-regulation. - FY2025RestatedAnnual report
「There are currently no laws, regulations or licensing requirements that directly regulate the M&A advisory business. However, if the M&A advisory business becomes subject to legal regulation in the future as a result of the enactment or revision of laws and regulations, our business performance could be affected.」
The current absence of direct regulation and the risk of future enactment or revision of laws and regulations remain unchanged. - FY2024First statedAnnual report
「There are currently no laws, regulations or licensing requirements that directly regulate the M&A advisory business. However, if the M&A advisory business becomes subject to legal regulation in the future as a result of the enactment or revision of laws and regulations, our business performance could be affected.」
Although registration under the current system is not mandatory, the company declares compliance with the guidelines as a registered business under the M&A Support Organization Registration System.