Tightening of Food, Labor, Tax and Other Regulations
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2022.
Kura Sushi moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2023: 4 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「The impact of an increase in consumption tax is also a concern. In addition, the Act against Unjustifiable Premiums and Misleading Representations regulates representations to consumers concerning the quality, contents, prices and other aspects of products and services. If these legal regulations are strengthened or amended, this may adversely affect the Group’s operating results and financial position.」
In addition to the Food Sanitation Act, Food Recycling Act and increases in consumption tax, the company explicitly identifies regulations under the Act against Unjustifiable Premiums and Misleading Representations governing product and service representations as a risk. - FY2020RestatedAnnual report
「The impact of an increase in consumption tax is also a concern. If these legal regulations are strengthened or amended, this may adversely affect the Group’s operating results and financial position.」
The company reconfirms the risk of regulatory and institutional changes, including the Food Sanitation Act, Food Recycling Act and increases in consumption tax. - FY2019RestatedAnnual report
「The impact of an increase in consumption tax is also a concern. If these legal regulations are strengthened or amended, this may adversely affect the Group’s operating results and financial position.」
The company continues to disclose the risk of regulatory and institutional changes, including the Food Sanitation Act, Food Recycling Act and the impact of increases in consumption tax. - FY2017RestatedAnnual report
「If these legal regulations are strengthened or amended, this may adversely affect the Group’s operating results and financial position.」
The company continues to disclose the risk of regulatory and institutional changes, including the Food Sanitation Act, Food Recycling Act and increases in consumption tax. - FY2016First statedAnnual report
「If these legal regulations are strengthened or legislative amendments are applied, this may adversely affect the Group’s operating results and financial position.」
The company lists the Food Sanitation Act, Food Recycling Act, policy to extend employees’ employees’ pension coverage to short-hour workers, increases in consumption tax and other measures as regulatory and institutional-change risks.