Changes in Legal Regulations and Dependence on Permits and Licenses
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 4 of 19 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If laws or regulations related to the businesses operated by our group are amended, or if requirements for licences and approvals change, our performance may be affected by higher costs associated with responding to such changes and changes in the business environment.」
We continue to disclose dependence on changes in laws, regulations, licences and approvals as a risk. - FY2023RestatedAnnual report
「If laws or regulations related to the businesses operated by our group are amended, or if requirements for licences and approvals change, our performance may be affected by higher costs associated with responding to such changes and changes in the business environment.」
We continue to disclose dependence on changes in laws, regulations, licences and approvals as a risk. - FY2016First statedAnnual report
「Many of the businesses operated by our group are subject to various laws and regulations, including the Road Transportation Act, Building Standards Act, Act on Specified Joint Real Estate Ventures, Secondhand Goods Business Act and Hotel Business Act. In addition to being subject to certain operational restrictions, these businesses are conducted under licences and approvals, including licences for general route and chartered passenger motor vehicle transport businesses and registration for the sale of petroleum products.」
Several businesses depend on laws, regulations, licences and approvals, and may be affected by the costs of responding to legislative changes and by the revocation of licences and approvals.