Construction Business License Revocation Risk
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「General and specified construction business licences must be renewed every 5 years. We understand that, as of the present time, there are no facts that constitute grounds for cancellation of these licences. However, if the licences are cancelled in the future for any reason, this may affect the operating results of our Group.」
The company continues to state that its construction business licences must be renewed every 5 years and that cancellation could affect results. - FY2022RestatedAnnual report
「General and specified construction business licences must be renewed every 5 years. We understand that, as of the present time, there are no facts that constitute grounds for cancellation of these licences. However, if the licences are cancelled in the future for any reason, this may affect the operating results of our Group.」
The company continues to state that its construction business licences must be renewed every 5 years and that cancellation could affect results. - FY2020RestatedAnnual report
「General and specified construction business licences must be renewed every 5 years. We understand that, as of the present time, there are no facts that constitute grounds for cancellation of these licences. However, if the licences are cancelled in the future for any reason, this may affect the operating results of our Group.」
The company continues to state that its construction business licences must be renewed every 5 years and that cancellation could affect results. - FY2019First statedAnnual report
「General and specified construction business licences must be renewed every 5 years. We understand that, as of the present time, there are no facts that constitute grounds for cancellation of these licences. However, if the licences are cancelled in the future for any reason, this may affect the operating results of our Group.」
The company has for the first time explicitly identified as risks the renewal every 5 years of the construction business licences required for the installation of industrial and measuring equipment, and the potential impact on results if the licences are cancelled.