Legal, Regulatory and Licensing Risks under the Secondhand Goods Business Act and Other Applicable Laws
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
6 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition to the Antique Business Act, the company’s branded-bag sharing business, Laxus, is subject to legal regulations including the Act on Specified Commercial Transactions, the Consumer Contract Act, the Act against Unjustifiable Premiums and Misleading Representations, the Act on the Protection of Personal Information, the Payment Services Act and the Subcontract Act.」
The company continues to recognize legal and licensing risks under the Antique Business Act and other regulations. It states that no grounds for license revocation had arisen as of the filing date. - FY2026-H1RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
No material changes are reported regarding legal and licensing risks under the Antique Business Act and other regulations. - FY2025First statedAnnual report
「The company’s branded-bag sharing business, Laxus, is subject to legal regulations including the Antique Business Act, the Act on Specified Commercial Transactions, the Consumer Contract Act, the Act against Unjustifiable Premiums and Misleading Representations, the Act on the Protection of Personal Information, the Payment Services Act and the Subcontract Act.」
The company holds an antique dealer’s license, but indicates that amendments to laws and regulations, revocation of the license or suspension of operations could affect the business.