Licensing and Regulatory Risks under the Worker Dispatching Act and Other Laws
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
Open Up Group moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「In addition, if future amendments to relevant laws or stronger guidance from the competent authorities cause customer companies to reconsider their use of temporary staffing or contracting services and demand to decline, the Group’s operating results and financial position could be affected. The Group’s overseas businesses are also subject to the laws and regulations of each country and face similar risks.」
In addition to licensing and permit risks arising from legal violations, the disclosure identifies the risk that legal amendments or stronger regulatory guidance could reduce customer demand, as well as the risks posed by the laws and regulations of countries overseas. - FY2023RestatedAnnual report
「Because the temporary staffing and employment placement businesses in Japan are subject not only to the Labor Standards Act but also to the Worker Dispatching Act and Employment Security Act, the Group conducts checks and controls within its business processes to prevent conduct or events that violate these laws, and works to monitor compliance regularly and prevent violations through compliance meetings.」
The disclosure states that checks and controls in business processes, monitoring through compliance meetings and preventive measures continue, and that overseas operations are also affected by the laws and regulations of each country. - FY2021RestatedAnnual report
「Because the temporary staffing and employment placement businesses in Japan are subject not only to the Labor Standards Act but also to the Worker Dispatching Act and Employment Security Act, the Group conducts checks and controls within its business processes to prevent conduct or events that violate these laws, and works to monitor compliance regularly and prevent violations through compliance meetings.」
The Group continues to monitor regulatory risks under labor-related laws, the Worker Dispatching Act and the Employment Security Act, together with checks and controls in business processes and monitoring through compliance meetings. - FY2019RestatedAnnual report
「Because the Group’s business is subject to labor-related laws and regulations, if any conduct or event violating the relevant laws and regulations occurs, the competent authorities could impose sanctions such as revocation of business permits or suspension of operations, which could have a material impact on the Group’s performance.」
The Group continues to monitor the risks of permit revocation and business suspension resulting from violations of the Worker Dispatching Act and other laws, with checks by the Internal Audit Office and Compliance Committee. - FY2017RestatedAnnual report
「Following the amendment of the Worker Dispatching Act, the transitional period for continuing the specified worker dispatching business will expire in September 2018.」
Regarding licensing and regulatory risks, the disclosure specifies when the transitional measures for the specified worker dispatching business will end and describes checks and responses by the Internal Audit Office and Compliance Committee. - FY2016First statedAnnual report
「Because the Group’s business is subject to labor-related laws and regulations, if any conduct or event violating the relevant laws and regulations occurs, the competent authorities could impose sanctions such as revocation of business permits or suspension of operations, which could have a material impact on the Group’s performance.」
Licensing and regulatory compliance in the temporary staffing and employment placement businesses are disclosed as risks affecting business continuity.