Regulatory Changes under the Act on Specified Joint Real Estate Ventures and Other Laws, and Cancellation of Licenses and Permits
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The CREAL online real estate fund marketplace is operated under the Act on Specified Joint Real Estate Ventures, but the crowdfunding market has a relatively short history and the Act on Specified Joint Real Estate Ventures may be amended in the future.」
Even after obtaining the No. 3 and No. 4 licenses and approvals, the risk of an impact from amendments to or tighter regulation under the Act on Specified Joint Real Estate Ventures, or cancellation of licenses and approvals, continues. - FY2024First statedAnnual report
「The Act on Specified Joint Real Estate Ventures may be amended in the future. If such an amendment or other change occurs, the Company intends to respond immediately. However, if tighter regulation resulting from a legal amendment has a significant impact on operations, business activities, financial position and operating results may be affected.」
It states the risk that legal amendments, tighter regulation, or issues involving the cancellation or renewal of licenses and approvals may affect business operations and performance.