Risk of changes in laws and regulations, including the Food Sanitation Act and Product Liability Act
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2023.
NittoBest moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「In conducting its business activities, the Group is subject to various laws and regulations, including the Food Sanitation Act and the Product Liability Act, and the frequency of changes to these laws and regulations and the introduction of new regulations has increased in recent years. Delays in responding to these laws and regulations, or situations in which response is impossible, may adversely affect the performance and financial condition of the Group.」
The regulatory-compliance risk has been specified in greater detail by explicitly identifying delays in responding to changes in laws and regulations, and situations in which response is impossible, as potential impact pathways in addition to the previously identified risk of regulatory changes. - FY2020RestatedAnnual report
「In conducting its business activities, the Group is subject to various laws and regulations, including the Food Sanitation Act and the Product Liability Act, and the frequency of changes to these laws and regulations and the introduction of new regulations has increased in recent years.」
The risk of changes to laws and regulations, including the Food Sanitation Act and Product Liability Act, continues to be disclosed, with monitoring of information and early response identified as measures. - FY2019RestatedAnnual report
「In conducting its business activities, the Group is subject to various laws and regulations, including the Food Sanitation Act and the Product Liability Act. Changes to these laws and regulations or the introduction of new regulations may adversely affect the performance and financial condition of the Group.」
The risk of changes to laws and regulations, including the Food Sanitation Act and Product Liability Act, has been reaffirmed. - FY2018RestatedAnnual report
「In conducting its business activities, the Group is subject to various laws and regulations, including the Food Sanitation Act and the Product Liability Act. Changes to these laws and regulations or the introduction of new regulations may adversely affect the performance and financial condition of the Group.」
The risk of changes to laws and regulations, including the Food Sanitation Act and Product Liability Act, has been reaffirmed. - FY2017First statedAnnual report
「In conducting its business activities, the Group is subject to various laws and regulations, including the Food Sanitation Act and the Product Liability Act. Changes to these laws and regulations or the introduction of new regulations may adversely affect the performance and financial condition of the Group.」
Changes to the Food Sanitation Act, Product Liability Act and other laws and regulations, as well as the introduction of new regulations, are explicitly identified as risks.