Risk of Changes to Legal Regulations, Licenses and Permits
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 4 of 20 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「To comply with these laws and regulations, the Group has established a compliance manual, communicates the code of conduct to be observed to all officers and employees throughout the Group, and seeks to instill and embed a compliance mindset by implementing a compliance program every year.」
As a response to legal and regulatory risks, it expanded the scope of the relevant laws to include intellectual property and labor-related laws, and specified communication to all officers and employees and the implementation of an annual program. - FY2020RestatedAnnual report
「Each of the Group’s related businesses is subject to numerous laws and regulations, including environmental and trade-related laws. Accordingly, if these regulations are revised or abolished in the future, or new laws and regulations are introduced, the Group’s results could be affected.」
It continues to disclose the potential impact of changes in environmental, trade and other laws and regulations. - FY2017RestatedAnnual report
「The Group is subject to regulation under trade-related laws, environmental laws and numerous other laws and regulations. If these regulations are revised or abolished in the future, or new legal regulations are introduced, the Group’s results could be affected.」
It continues to disclose the potential impact of revisions, abolitions and new enactments of trade, environmental and other laws and regulations. - FY2016First statedAnnual report
「The Group is subject to regulation under trade-related laws, environmental laws and numerous other laws and regulations. If these regulations are revised or abolished in the future, or new legal regulations are introduced, the Group’s results could be affected.」
It indicates that the revision or abolition of, or the introduction of, trade, environmental and other laws and regulations, as well as changes to licenses and permits, could affect results.