Capital investment burden arising from legal and regulatory changes
First written in FY2016. 5 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, following amendments to the “Standards for Improving Working Hours of Motor Vehicle Drivers,” new limits on overtime work will apply from April 2024. Depending on the content of future amendments to laws and regulations, appropriate staffing and capital investment may be required to comply with regulatory requirements, potentially resulting in substantial funding needs and depreciation expense.」
The risks of legal regulations and capital investment burdens in the transportation, distribution, tourism and real estate businesses continue to be identified, including limits on overtime work. - FY2025RestatedAnnual report
「In addition, following amendments to the “Standards for Improving Working Hours of Motor Vehicle Drivers,” new limits on overtime work will apply from April 2024. Depending on the content of future amendments to laws and regulations, appropriate staffing and capital investment may be required to comply with regulatory requirements, potentially resulting in substantial funding needs and depreciation expense.」
The risks of legal regulations and capital investment burdens in the transportation, distribution, tourism and real estate businesses continue to be identified, including the limits on overtime work effective from April 2024. - FY2024ReframedAnnual report
「In addition, following amendments to the “Standards for Improving Working Hours of Motor Vehicle Drivers,” new limits on overtime work will apply from April 2024. Depending on the content of future amendments to laws and regulations, appropriate staffing and capital investment may be required to comply with regulatory requirements, potentially resulting in substantial funding needs and depreciation expense.」
In addition to the existing capital investment burden, the disclosure explicitly identifies staffing and capital investment burdens arising from the limits on drivers' overtime work effective from April 2024. - FY2022RestatedAnnual report
「Depending on the content of future amendments to these laws and regulations, capital investment may be required to comply with regulatory requirements, potentially creating substantial funding needs and depreciation expense.」
The risks of legal regulations and capital investment burdens in the transportation, distribution, leisure and real estate businesses continue to be identified. - FY2020RestatedAnnual report
「Depending on the content of future amendments to these laws and regulations, capital investment may be required to comply with regulatory requirements, potentially creating substantial funding needs and depreciation expense.」
The disclosure reconfirms the risks of legal regulations and capital investment burdens in the transportation, distribution, leisure and services, and real estate businesses. - FY2019ReframedAnnual report
「The Group's real estate business is subject to legal regulations under the National Land Use Planning Act, Building Lots and Buildings Transaction Business Act, Building Standards Act, City Planning Act and other laws and regulations.」
In addition to the capital investment burden arising from legislative amendments, the disclosure categorizes the applicable requirements as legal regulations affecting multiple businesses, including restrictions on opening new sites in the real estate and distribution businesses. - FY2017RestatedAnnual report
「Depending on the content of future amendments to these laws and regulations, capital investment may be required to meet or comply with regulatory requirements, creating substantial funding needs and depreciation expense,」
The risks of capital investment, funding needs and depreciation expense arising from legislative amendments remain identified. - FY2016First statedAnnual report
「Depending on the content of future amendments to these laws and regulations, capital investment may be required to meet or comply with regulatory requirements, creating substantial funding needs and depreciation expense.」
The risk includes capital investment and depreciation burdens arising from amendments to the Railway Business Act, Road Transportation Act and other laws and regulations.