Business Impact of Tighter Regulations and Revocation of Licenses and Permits
First written in FY2025. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 22 of 71 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Because the customer-acquisition support business for visitors to Japan may be subject to the Travel Agency Act, we have obtained the travel-industry qualification required under that Act.」
The company states that it has obtained the travel-industry qualification in response to licensing risks related to its business for visitors to Japan. The risks themselves arising from regulatory amendments or license cancellation remain ongoing. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no significant changes in the occurrence of the major risks that management recognizes could materially affect the company’s financial position, financial performance, and cash flows, or in the matters described as “Business Risks” in the annual securities report for the previous fiscal year.」
The company has made a comprehensive statement that there were no material changes concerning risks related to laws, regulations and licenses. - FY2025First statedAnnual report
「If existing laws and regulations are amended, new laws and regulations are enacted, or interpretations of existing laws and regulations change, our business development may be affected.」
In addition to laws concerning the protection of personal information, unauthorized access and misleading representations, the company lists the licenses required for the directly operated accommodation business, including licenses for ryokan operations, restaurants and hot-spring use, as well as the travel-industry qualification relevant to its business for visitors to Japan.