Risk of Violations of the Secondhand Goods Business Act and Other Laws
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2020.
5 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The possibility cannot be entirely ruled out that the Group could be sanctioned by the supervisory authorities in the future due to an inadequate response to amendments to laws and regulations or operational errors. As a result, the cancellation of business licenses or other measures could affect the Group’s operating results and financial position.」
Continues to identify the risk of sanctions or cancellation of business licenses due to amendments to the Secondhand Goods Business Act or operational errors. - FY2019RestatedAnnual report
「The Group has established in its internal rules procedures for confirming whether notification to the police is required and is working to comply with the Secondhand Goods Business Act. No violations have occurred as of the present time. However, the possibility cannot be entirely ruled out that the Group could be sanctioned by the supervisory authorities in the future due to an inadequate response to amendments to laws and regulations or operational errors. As a result, the cancellation of business licenses or other measures could affect the Group’s operating results and financial position.」
Continues to identify the compliance framework under the Secondhand Goods Business Act and the risk of sanctions or license cancellation due to legal amendments or operational errors. - FY2018RestatedAnnual report
「The Group has established in its internal rules procedures for confirming whether notification to the police is required and is working to comply with the Secondhand Goods Business Act. No violations have occurred as of the present time. However, the possibility cannot be entirely ruled out that the Group could be sanctioned by the supervisory authorities in the future due to an inadequate response to amendments to laws and regulations or operational errors. As a result, the cancellation of business licenses or other measures could affect the Group’s operating results and financial position.」
Continues to disclose the compliance framework under the Secondhand Goods Business Act and the risk of sanctions or license cancellation due to legal amendments or operational errors. - FY2017RestatedAnnual report
「The Group has established in its internal rules procedures for confirming whether notification to the police is required and is working to comply with the Secondhand Goods Business Act. No violations have occurred as of the present time. However, the possibility cannot be entirely ruled out that the Group could be sanctioned by the supervisory authorities in the future due to an inadequate response to amendments to laws and regulations or operational errors. As a result, the cancellation of business licenses or other measures could affect the Group’s operating results and financial position.」
Continues to identify the compliance framework under the Secondhand Goods Business Act and the risk of sanctions or license cancellation due to legal amendments or operational errors. - FY2016First statedAnnual report
「The Group has established in its internal rules procedures for confirming whether notification to the police is required and is working to comply with the Secondhand Goods Business Act. No violations have occurred as of the present time. However, the possibility cannot be entirely ruled out that the Group could be sanctioned by the supervisory authorities in the future due to an inadequate response to amendments to laws and regulations or operational errors. As a result, the cancellation of business licenses or other measures could affect the Group’s operating results and financial position.」
Describes the compliance framework for licenses, ledgers and other matters related to the secondhand goods business, as well as the possibility of suspension of operations or license cancellation in the event of a violation.