Risk from amendments to or violations of real estate-related laws and ordinances
First written in FY2017. 19 of 21 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The real estate industry in which the Group operates is subject to numerous laws and regulations governing construction and real estate transactions, including the Building Standards Act, the National Land Use Planning Act, the City Planning Act and the Real Estate Brokerage Act, as well as local government ordinances governing construction.」
It continues to carry the risks associated with the enactment, amendment, or repeal of real estate-related laws and ordinances, changes thereto, the enactment of new laws, and regulatory violations. The risk of expiration of the real estate transaction business license also continues to be stated. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters among those relating to the business and financial conditions described in this interim securities report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2025-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2021RestatedAnnual report
「A real estate transaction business license is indispensable to the Group's principal business activities. At present, there are no facts indicating that the Group falls under any grounds for revocation of a license or registration, or any grounds for disqualification from renewal under Articles 65 and 66 of the Real Estate Brokerage Act. However, if the license or registration is revoked or expires in the future for any reason, including disqualification from renewal, this could disrupt the Group's principal business activities and affect its performance and other matters.」
In addition to regulatory risks relating to laws and ordinances, it continues to carry the risk that real estate transaction business licenses and other licenses could be revoked or expire due to disqualification from renewal. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2021-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, violations thereof, and license expiration. - FY2020Specification of the risk of license expirationAnnual report
「A real estate transaction business license is indispensable to the Group's principal business activities. At present, there are no facts indicating that the Group falls under any grounds for revocation of a license or registration, or any grounds for disqualification from renewal under Articles 65 and 66 of the Real Estate Brokerage Act. However, if the license or registration is revoked or expires in the future for any reason, including disqualification from renewal, this could disrupt the Group's principal business activities and affect its performance and other matters.」
In addition to the conventional risks associated with the enactment, amendment, or repeal of laws and ordinances and violations thereof, it specifically describes the risk that real estate transaction business licenses and other licenses could be revoked or expire due to disqualification from renewal, and the resulting impact on business activities. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2020-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2020-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2019-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2018RestatedAnnual report
「The real estate industry in which the Group operates is subject to numerous legal regulations concerning construction and real estate transactions, including the Building Standards Act, National Land Use Planning Act, City Planning Act, and Act on Specified Joint Real Estate Ventures, as well as construction-related ordinances established by local governments. In addition, 株式会社トラストコミュニティ, a subsidiary, is subject to legal regulations under the Act on Promotion of Proper Condominium Management and other legislation.」
It continues to state the risks associated with the enactment, amendment, or repeal of laws and ordinances relating to real estate sales and management, changes thereto, the enactment of new laws, and regulatory violations. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2018-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no occurrences of matters relating to the business or financial condition described in this quarterly report that could have a material effect on investors' decisions, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks relating to the enactment, amendment, or repeal of real estate-related laws and ordinances, and violations thereof. - FY2017First statedAnnual report
「The real estate industry in which the Group operates is subject to numerous laws and regulations governing construction and real estate transactions, including the Building Standards Act, the National Land Use Planning Act, the City Planning Act and the Real Estate Brokerage Act, as well as local government ordinances governing construction.」
The company identifies the risk that amendments to or abolition of numerous real estate-related laws and ordinances, the enactment of new laws, or regulatory violations could affect business plans and results.