Specified Commercial Transactions Act risk in the marriage matchmaking business
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes in the Act on Specified Commercial Transactions risk associated with the marriage brokerage business. - FY2023First statedAnnual report
「This business constitutes a "specified continuous service" as defined under the Act on Specified Commercial Transactions (hereinafter, the "Act on Specified Commercial Transactions"). If the company violates the Act on Specified Commercial Transactions or receives an order to improve its business operations or an order to suspend its business, this may affect the financial condition, operating results and other aspects of the Group.」
For the marriage brokerage business, the company has for the first time explicitly stated that it constitutes a specified continuous service under the Act on Specified Commercial Transactions and that violations may result in orders to improve or suspend business operations.