Risks Related to Changes in Laws and Tax Regulations and Legal Violations
First written in FY2016. 12 of 15 entries say "Restated". Latest entry: FY2022-Q3.
Tokyo Base moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 6 of 34 companies on the "Worse" side.
75 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「During the 3rd quarter of the current consolidated cumulative period, there were no material changes in the matters related to the business and accounting conditions described in this quarterly report, including the occurrence of major risks that management recognizes could materially affect the consolidated companies’ financial position, operating results or cash flows, or in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2020-Q3MaterialisedAnnual report
「In the apparel retail industry in which we operate, cautious purchasing behavior continues amid unseasonable weather, including a succession of major typhoons, a warm autumn and a warm winter, as well as the consumption tax increase from October.」
States that the consumption tax increase previously identified as a scheduled factor in the preceding quarter took effect in October and emerged in the actual sales environment as a factor contributing to cautious purchasing activity. - FY2020-Q2WorsenedAnnual report
「Purchasing activity remains cautious amid the delayed end of the rainy season nationwide, the extreme heat in August, typhoons and other adverse weather conditions, and the consumption tax increase scheduled for October.」
Explicitly identifies the consumption tax increase scheduled for October as a regulatory and tax uncertainty that could affect the sales environment. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2018RestatedAnnual report
「Changes in laws and regulations surrounding our business, including the Specified Commercial Transactions Act, as well as various taxes, including consumption tax and corporate tax, could affect our operating results. We are committed to thorough compliance with laws and regulations, but if a violation of any law or regulation were to occur, it could damage our brand image and result in substantial expenses, including damages payments, thereby affecting our operating results.」
Continues to disclose the risks of regulatory and tax changes and legal violations causing brand damage and additional expenses. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2017RestatedAnnual report
「Changes in laws and regulations surrounding our business, including the Specified Commercial Transactions Act, as well as various taxes, including consumption tax and corporate tax, could affect our operating results.」
Continues to disclose the risks of regulatory and tax changes and legal violations. - FY2017-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the risks of regulatory and tax changes and legal violations. - FY2016First statedAnnual report
「Changes in laws and regulations surrounding our business, including the Specified Commercial Transactions Act, as well as various taxes, including consumption tax and corporate tax, could affect our operating results. We are committed to thorough compliance with laws and regulations, but if a violation of any law or regulation were to occur, it could damage our brand image and result in substantial expenses, including damages payments, thereby affecting our operating results.」
Identifies changes in sales-related laws and taxes, and damage to the brand and expenses resulting from legal violations, as risks.