Business restrictions arising from violations of real estate and construction-related laws and regulations
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In addition, to avoid violating legal regulations, the company works to establish and operate a compliance framework, including collecting information on legal amendments, consulting with its legal advisers, conducting internal awareness training, and establishing and operating a compliance committee.」
The company continues to address legal and licensing requirements and describes a compliance framework involving the collection of information on legal amendments, consultations with lawyers, training, and a compliance committee. - FY2023RestatedAnnual report
「The company has not experienced any event in the past or present that would constitute grounds for the revocation or denial of renewal of its licenses or registrations due to violations of these legal regulations. However, because these permits and approvals have expiration dates, the company works to renew them smoothly and has established and disseminated its Corporate Ethics Regulations, Corporate Ethics Helpline Regulations, and Compliance Manual to ensure compliance with relevant laws, regulations, and rules.」
The company continues to address laws, regulations, and permits and approvals, and has established a compliance framework involving internal rules, a helpline, manuals, and training. - FY2022First statedAnnual report
「Because the company sells real estate and builds homes, it is subject to numerous laws and regulations that must be observed. These include the Act on Specified Joint Real Estate Ventures, the Construction Business Act, the Kenchikushi Act, the Building Standards Act, the City Planning Act, the Land Readjustment Act, the Agricultural Land Act, the Act on Regulation of Residential Land Development and Specified Embankments, the Act against Unjustifiable Premiums and Misleading Representations, and the Fair Competition Code concerning representations of real estate, as well as various other laws and regulations and ordinances established by local governments.」
The business structure requires ongoing compliance with multiple licenses and registrations, construction and real estate-related laws and regulations, and local government ordinances.