Impact on Business Activities from Regulatory Changes or Revocation of Licenses and Approvals
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 1 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To comply with these legal and other regulations, the Group operates with a strong emphasis on compliance and strives to respond promptly to changes in laws and regulations. However, if, for any reason, including violations of laws or regulations, their enactment, amendment or repeal, or changes in their interpretation, the Group were to receive an administrative sanction, such as the revocation of the licenses, permits or registrations required to conduct its business, or a suspension of operations for a specified period, its business activities could be disrupted, potentially affecting its performance.」
The risk of changes in laws and regulations and the revocation of licenses and permits, together with the compliance-focused response, was reaffirmed. The Hotel Business Act, which relates to facility operations, was also explicitly identified as a regulation subject to compliance. - FY2020RestatedAnnual report
「The Group operates with a strong emphasis on compliance and strives to respond promptly to changes in laws and regulations. However, if, for any reason, including violations of laws or regulations, their enactment, amendment or repeal, or changes in their interpretation, the Group were to receive an administrative sanction, such as the revocation of the licenses, permits or registrations required to conduct its business, or a suspension of operations for a specified period, its business activities could be disrupted, potentially affecting its performance.」
The risk of changes in laws and regulations and the revocation of licenses and permits, together with the policy of prioritising compliance and responding promptly, was reaffirmed. - FY2019RestatedAnnual report
「The Group operates with a strong emphasis on compliance and strives to respond promptly to changes in laws and regulations. However, if, for any reason, including violations of laws or regulations, their enactment, amendment or repeal, or changes in their interpretation, the Group were to receive an administrative sanction, such as the revocation of the licenses, permits or registrations required to conduct its business, or a suspension of operations for a specified period, its business activities could be disrupted, potentially affecting its performance. At present, no circumstances have arisen that would result in the revocation of these licenses, permits or registrations.」
The risk of changes in laws and regulations and the revocation of licenses and permits, the policy of prioritising compliance, and the explanation that there are currently no grounds for revocation have been reiterated. - FY2017MitigatedAnnual report
「The Group operates with a strong emphasis on compliance and strives to respond promptly to changes in laws and regulations. However, if, for any reason, including violations of laws or regulations, their enactment, amendment or repeal, or changes in their interpretation, the Group were to receive an administrative sanction, such as the revocation of the licenses, permits or registrations required to conduct its business, or a suspension of operations for a specified period, its business activities could be disrupted, potentially affecting its performance. At present, no circumstances have arisen that would result in the revocation of these licenses, permits or registrations.」
The risk of changes in laws and regulations and the revocation of licenses and permits remains, while the policy of prioritising compliance and responding promptly, as well as the absence of grounds for revocation at present, was explicitly stated. - FY2016First statedAnnual report
「If, for any reason, including amendments or abolitions of laws and regulations or changes in their interpretation, the Group were to have registrations required to conduct its business revoked, its business activities could be disrupted and its performance could be affected.」
The risks of revocation of registrations related to the Financial Instruments and Exchange Act, regulations governing registration as a real estate investment adviser, the Building Lots and Buildings Transaction Business Act, the Money Lending Business Act and other laws and regulations were explicitly identified.