Changes to or Revocation of Laws, Licenses, and Permits and Approvals
First written in FY2016. 3 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 26 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In addition to deregulating brokerage commissions for transactions involving lower-priced used homes through the July 2024 amendment to the Real Estate Brokerage Act, including an increase in the commission cap, the amended Real Estate Registration Act took effect in April 2026. This made it mandatory to register changes within 2 years when a real estate owner's address or name changes. The company intends to use this as an opportunity to further strengthen its collection of real estate information.」
In addition to the deregulation of brokerage commissions, the company described the amended Real Estate Registration Act taking effect in April 2026 as a new institutional change and linked it to stronger collection of real estate information. - FY2025AdvancedAnnual report
「In addition, the July 2024 amendment deregulated brokerage commissions for transactions involving lower-priced used homes, including an increase in the commission cap. The company intends to use this as an opportunity to further strengthen its collection of real estate information.」
The company views deregulation as a business opportunity as well as a risk and is linking it to stronger collection of real estate information. The real estate brokerage license is also stated to remain valid through 8 November 2028. - FY2025-H1Recognizes the deregulation of brokerage commissions as a revenue opportunityAnnual report
「Following the deregulation of brokerage commissions for transactions involving used homes priced below ¥8 million as part of measures to address vacant homes, including an increase in the commission cap, completed transactions for used detached houses rose 19.1% year on year in the Chugoku region on a cumulative basis from June to November. In the Kyushu region, they rose 13.0% over the same period.」
The company described the regulatory change raising the cap on brokerage commissions for used homes. This was presented not as a risk from tighter regulation, but as a revenue opportunity leading to an increase in completed transactions. - FY2024MitigatedAnnual report
「Real Estate Brokerage License Minister of Land, Infrastructure, Transport and Tourism (7) No. 5407 From 9 November 2023 To 8 November 2028」
The real estate brokerage license was renewed through 8 November 2028, and the company stated that there were no disqualifying circumstances under the previous licensing requirements. It also continues to address these matters through inspections, in-house training, internal audits and an internal whistleblowing system. - FY2023RestatedAnnual report
「Real Estate Brokerage License Minister of Land, Infrastructure, Transport and Tourism (6) No. 5407 From 9 November 2018 To 8 November 2023」
The validity periods of the real estate brokerage license and general construction business license are stated, and the company continues to address these matters through legal compliance, in-house training, internal audits and an internal whistleblowing system. - FY2023-Q2MaterialisedAnnual report
「In the insurance agency business, we sought to acquire new fire insurance contracts by highlighting the benefits of after-sales service as an agency. However, because the maximum fire insurance policy term was reduced to 5 years, insurance premiums declined and revenue fell below the same quarter of the previous year.」
The reduction in the maximum fire insurance policy term to 5 years led to declines in insurance premiums and revenue from the insurance agency business. The impact of regulatory and institutional changes became evident in business performance. - FY2022RestatedAnnual report
「However, if regulations are tightened as a result of future amendments to these laws and regulations or the introduction of new laws and regulations, if we are unable to comply with laws and regulations for any reason, or if our licenses, permits or registrations are revoked for any reason in the future, our business activities could be materially affected, which could affect our financial position, operating results and cash flows.」
The company continues to address these matters through legal compliance, maintenance of licenses and permits, in-house study sessions, training, internal audits and an internal whistleblowing system. - FY2020MitigatedAnnual report
「In addition, in April 2020, when the amended Civil Code took effect, liability for defects changed to liability for non-conformity to contract. Although this is not expected to bring about major changes in the real estate industry, we intend to reduce the impact of liability for non-conformity to contract on our business performance by conducting the aforementioned building condition surveys.」
Although the liability system shifted to liability for non-conformity to contract when the amended Civil Code took effect, the company explicitly stated that it would mitigate the impact on business performance through building condition surveys. - FY2019WorsenedAnnual report
「In addition, regulations affecting the real estate industry cover a wide range of areas. For example, in April 2020, when the amended Civil Code came into force, liability for non-conformity with contract replaced liability for defects. The company needs to consider the possibility that this change could affect its operating results.」
Added a statement specifically indicating when the amended Civil Code would take effect and how the liability system would change, and noting the need to examine the impact of legal changes on business performance. - FY2018RestatedAnnual report
「The Act on Specified Joint Real Estate Ventures was amended in fiscal 2016, with some provisions not yet in force, making it mandatory to include explanations concerning building condition surveys (inspections) in important-matters explanation documents. The potential impact on future measures is therefore being considered.」
The impact of amendments to laws and regulations, including the mandatory provision of explanations concerning inspections, continues to be considered. - FY2017WorsenedAnnual report
「The Act on Specified Joint Real Estate Ventures was amended in fiscal 2016, with some provisions not yet in force, making it mandatory to include explanations concerning building condition surveys (inspections) in important-matters explanation documents. The potential impact on future measures is therefore being considered.」
The company describes the specific regulatory change requiring explanations concerning inspections to be included following the amendment of the Building Lots and Buildings Transaction Business Act, and indicates its impact on future measures. - FY2016First statedAnnual report
「However, if regulations are tightened through future amendments to these laws and regulations or the introduction of new laws and regulations, if the company is unable to comply with laws and regulations for any reason, or if its licenses, permits or registrations are revoked for any reason in the future, its business activities could be significantly affected, which could affect its operating results and financial position.」
The company has adopted internal rules, study sessions, external training, reviews by the internal audit office and audit & supervisory board members, and an internal whistleblowing system as countermeasures.