Costs of responding to legal and regulatory changes
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 4 of 27 companies on the "Worse" side.
67 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group is subject to various laws, regulations and institutional restrictions, including the Companies Act, the Financial Instruments and Exchange Act, the Corporation Tax Act, the Labor Standards Act and the listing rules established by securities exchanges.」
The restrictions imposed by various laws, regulations and systems, and the possibility of higher compliance costs if regulation is strengthened, continue to be disclosed. - FY2021RestatedAnnual report
「The Group is subject to various laws, regulations and institutional restrictions, including the Companies Act, the Financial Instruments and Exchange Act, the Corporation Tax Act, the Labor Standards Act and the listing rules established by securities exchanges.」
The risk explanation that the Group is subject to various legal and regulatory restrictions and that compliance costs may increase if regulation is strengthened has continued. - FY2020First statedAnnual report
「The Company is subject to various laws, regulations and institutional restrictions, including the Companies Act, the Financial Instruments and Exchange Act, the Corporation Tax Act, the Labor Standards Act and the listing rules established by securities exchanges. Although the Company maintains strict legal compliance, any future amendments to laws and regulations or strengthening of legal restrictions could increase the costs of compliance and affect the Company's performance.」
The Company expressly identifies higher costs of responding to amendments to laws and regulations and strengthened regulation as a business risk.