Changes in Laws and Regulations Affecting the Overseas Real Estate Business
First written in FY2018. 2 of 4 entries say "Reframed", first in FY2019. Latest entry: FY2025.
Aun Consulting moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 47 of 95 companies on the "Worse" side.
77 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although there are no legal regulations that directly regulate the Group's business activities, if existing laws are applied or new laws are enacted in the future to regulate internet use, related services or operators engaged in internet-related businesses, the need to respond to such regulations could require changes to service offerings and increase costs, potentially affecting the Group's operating results.」
The risk of business impacts from changes in laws and regulations continues to be disclosed. The description of the businesses covered has been reorganized from the previous focus on real estate-related activities to focus primarily on internet-related businesses. - FY2020ReframedAnnual report
「The real estate properties handled by the Group are located in the United States, the Philippines and Vietnam, and there are no legal regulations that directly regulate the Group's business activities.」
The description of the risk of changes in laws and regulations affecting overseas real estate changed from being limited to the Philippines in the previous fiscal year to covering the United States, the Philippines and Vietnam. - FY2019ReframedAnnual report
「The real estate properties handled by the Group are currently limited to properties in the Philippines, and there are no legal regulations that directly regulate the Group's business activities.」
The risk of changes in laws and regulations affecting overseas real estate continues to be disclosed, but the description of the countries where the properties are located has changed from the Philippines and Vietnam in the previous fiscal year to the Philippines only in the current fiscal year. - FY2018First statedAnnual report
「The real estate properties handled by the Group are currently limited to properties in the Philippines and Vietnam, and there are no legal regulations that directly regulate the Group's business activities. The Group operates with an emphasis on compliance and works to respond promptly to changes in laws and regulations in this business as well. However, if the business becomes subject to regulation for any reason, including the amendment or repeal of laws or changes in their interpretation, this could disrupt the Group's business activities and affect its operating results.」
Although there are currently no direct regulations affecting the asset business, the Group has disclosed as a new risk the possibility that amendments to or changes in the interpretation of real estate-related laws and regulations in the Philippines and Vietnam could disrupt the business.