Risk of Changes in Laws and Tax Regulations Governing M&A Advisory
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「At present, the Group's M&A brokerage operations are not subject to any particular restrictions, such as licensing requirements, from the relevant government authorities. However, if the enactment, amendment or repeal of laws or other regulations imposes any restrictions in the future, this may affect the Group's financial position and operating results.」
Reconfirmed the potential impact of future changes in legal regulations, tax laws, the Companies Act and other legislation on M&A brokerage operations. - FY2019RestatedAnnual report
「At present, the Group's M&A brokerage operations are not subject to any particular restrictions, such as licensing requirements, from the relevant government authorities. However, if the enactment, amendment or repeal of laws or other regulations imposes any restrictions in the future, this may affect the Group's financial position and operating results.」
Reconfirms the potential impact of future licensing restrictions and amendments or repeal of tax laws, the Companies Act and other legislation on M&A brokerage operations. - FY2017RestatedAnnual report
「At present, the Group's M&A brokerage operations are not subject to any particular restrictions, such as licensing requirements, from the relevant government authorities. However, if the enactment, amendment or repeal of laws or other regulations imposes any restrictions in the future, this may affect the Group's financial position and operating results.」
Reconfirms the potential impact of licensing restrictions and amendments or repeal of tax laws, the Companies Act and other legislation on M&A transactions and operating results. - FY2016First statedAnnual report
「If the enactment, amendment or repeal of laws or other regulations imposes any restrictions in the future, this may affect the Group's financial position and operating results.」
Describes the potential impact of licensing restrictions and amendments or repeal of tax laws, the Companies Act and other legislation on M&A transactions and operating results.