Business Continuity Risk Associated with Changes to Laws and Regulations and Permit and License Renewals
First written in FY2016. 7 of 10 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 7 of 26 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「In addition, we have established a legal affairs department to respond to amendments to laws and regulations and ensure compliance, while internal audits monitor compliance.」
As measures to address the risks relating to changes to laws and regulations and licenses and approvals, the company specifies management by the legal affairs department and internal audit. - FY2019RestatedAnnual report
「As of the end of the current consolidated fiscal year, no event hindering the continuation of the business has occurred.」
The company describes the risks of changes to laws and regulations and the revocation or non-renewal of licenses and approvals, while stating that no event hindering business continuity had occurred as of the fiscal year-end. - FY2018RestatedAnnual report
「As of the end of the current consolidated fiscal year, no event hindering the continuation of the business has occurred.」
The company describes the risks of changes to laws and regulations and the revocation or non-renewal of licenses and approvals, while stating that no event hindering business continuity has occurred. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the business continuity risks arising from changes to laws and regulations and renewal of licenses and approvals. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the business continuity risks arising from changes to laws and regulations and renewal of licenses and approvals. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the business continuity risks arising from changes to laws and regulations and renewal of licenses and approvals. - FY2017-Q3RestatedAnnual report
「We regard compliance with laws and regulations as fundamental to our business and engage in proactive compliance activities, including developing relevant internal rules, conducting internal training, and having the internal audit department and corporate auditors verify compliance with laws and regulations. However, if these laws or regulations are amended, repealed or otherwise revised, if new legal regulations are introduced, or if licenses and approvals are revoked or their renewal is not granted for any reason, significant impediments could arise in sales activities in the real estate sales and housing construction businesses, potentially affecting our earnings and financial condition. As of the filing date of this quarterly report, no event hindering the continuation of the business has occurred.」
The company continues to disclose its compliance activities, the status of licenses and approvals, and the absence of any event hindering business continuity. - FY2017-Q2Greater specificity regarding risk responses and the status of licenses and approvalsAnnual report
「We regard compliance with laws and regulations as fundamental to our business and engage in proactive compliance activities, including developing relevant internal rules, conducting internal training, and having the internal audit department and corporate auditors verify compliance with laws and regulations. However, if these laws or regulations are amended, repealed or otherwise revised, if new legal regulations are introduced, or if licenses and approvals are revoked or their renewal is not granted for any reason, significant impediments could arise in sales activities in the real estate sales and housing construction businesses, potentially affecting our earnings and financial condition. As of the filing date of this quarterly report, no event hindering the continuation of the business has occurred.」
The company discloses specific compliance activities and the validity periods of its licenses and approvals, and states that, as of the filing date, no event hindering business continuity had occurred. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the business continuity risks arising from changes to laws and regulations and renewal of licenses and approvals. - FY2016First statedAnnual report
「If these laws or regulations are amended, repealed or otherwise revised, if new legal regulations are introduced, or if licenses and approvals are revoked or their renewal is not granted for any reason, significant impediments could arise in sales activities in the real estate sales and housing construction businesses, potentially affecting our earnings and financial condition.」
The company identifies the wide range of laws relating to real estate sales and housing construction, as well as the risks of license and approval revocation and non-renewal, as risks.