Licensing and Regulatory Risk from Violations of Real Estate and Financial Instruments Business Laws
First written in FY2020. 1 of 2 entries say "Mitigated", first in FY2021. Latest entry: FY2021.
The whole theme swung hardest in 2020: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「The Group conducts its business in compliance with these laws and regulations, has not received any administrative sanctions or guidance to date, and has experienced no factors that would impede business continuity.」
Although potential risks remain, including license revocation and suspension of operations, it is stated that no administrative sanctions or guidance, or obstacles to business continuity, have arisen at this time. - FY2020First statedAnnual report
「In the event that the Group violates these industry laws due to an unforeseen event or other circumstance, it could be subject to the revocation or non-renewal of licenses and registrations or suspension of operations, affecting the Group's operating results and financial position through a decline in social credibility and other consequences.」
The possibility of revocation, suspension or other action concerning the real estate transaction business license and the registration for Type II Financial Instruments Business is described.