Risk of business restrictions due to violations of laws and regulations
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2026.
Systena moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 4 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026Addition of new compliance obligations under the Act on the Proper Conduct of Transactions between Small and Medium-Sized Enterprises and Entrusted BusinessesAnnual report
「The Act on the Proper Conduct of Transactions between Small and Medium-Sized Enterprises and Entrusted Businesses (the “Proper Transactions Act”), which took effect on 1 January 2026, requires businesses with capital of more than ¥300 million to ensure appropriate price pass-through and prompt payment when outsourcing work to businesses with capital of ¥300 million or less (small and medium-sized entrusted businesses). …Strictly speaking, payment in cash within 60 days of receipt of the deliverables, and as early as possible, is required.」
In addition to existing legal and regulatory compliance risks, it describes compliance requirements under the Proper Transactions Act, which took effect in January 2026, including discussions on appropriate pricing and cash payment within 60 days, as well as the risks of administrative sanctions and reputational damage in the event of violations. - FY2025RestatedAnnual report
「Our group has established a compliance framework, and its officers also strive to comply with laws and regulations. Accordingly, no factors currently exist that impede business activities.」
The company continues to state that it has established a legal and regulatory compliance framework and that no factors currently hindering business operations have arisen. - FY2020RestatedAnnual report
「Our group has established a compliance framework, and its officers also strive to comply with laws and regulations. Accordingly, no factors currently exist that impede business activities.」
The company reiterates its explanation that it has a compliance framework and that no factors currently impede business activities. - FY2019RestatedAnnual report
「Our group has established a compliance framework, and its officers also strive to comply with laws and regulations. Accordingly, no factors currently exist that impede business activities. Although we will continue to comply with laws and regulations, if any violation or other noncompliance occurs and our business becomes subject to restrictions, our group's business results could be affected.」
The company reiterates its compliance framework and the risks of business restrictions and impacts on business results if a legal or regulatory violation occurs. - FY2018RestatedAnnual report
「Our group has established a compliance framework, and its officers also strive to comply with laws and regulations. Accordingly, no factors currently exist that impede business activities. Although we will continue to comply with laws and regulations, if any violation or other noncompliance occurs and our business becomes subject to restrictions, our group's business results could be affected.」
The company reiterates its compliance framework and the risks of business restrictions and impacts on business results if a violation or other noncompliance occurs. - FY2017First statedAnnual report
「Our group has established a compliance framework, and its officers also strive to comply with laws and regulations. Accordingly, no factors currently exist that impede business activities. Although we will continue to comply with laws and regulations, if any violation or other noncompliance occurs and our business becomes subject to restrictions, our group's business results could be affected.」
While stating that it has established a legal and regulatory compliance framework, the company identifies business restrictions and impacts on business results if a violation or other noncompliance occurs as risks.