Risks related to amendments, repeal, or violations of real estate and construction-related laws
First written in FY2017. 1 of 2 entries say "Reframed", first in FY2020-Q3. Latest entry: FY2020-Q3.
Open House Group moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2019: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2020-Q3ReframedAnnual report
「In conducting its business, the Group is subject to legal regulations under the Real Estate Brokerage Act, Building Standards Act, City Planning Act, Construction Business Act, National Land Use Planning Act, Money Lending Business Act, environmental regulations and other laws and regulations.」
Environmental regulations were explicitly added to the existing real estate and construction laws and regulations, broadening the scope of the disclosure on legal and regulatory risks. - FY2017First statedAnnual report
「If these relevant laws and regulations are amended or repealed, if new legal regulations are introduced, or if the Group is unable to comply with these laws and regulations, this may affect the Group's operating results and business development.」
The Company disclosed the amendment, repeal, introduction and inability to comply with the Real Estate Brokerage Act, Building Standards Act, City Planning Act, Construction Business Act, National Land Use Planning Act, Money Lending Business Act and other laws as risks. It stated that no grounds for the revocation of permits or licenses currently exist.