Risk of Changes to Legal Regulations, Licenses and Permits
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if the relevant municipalities strengthen their regulations, changes to or cancellation of planned developments could disrupt the Group's principal business activities and affect its financial position and operating results.」
The risk that real estate-related laws, regulations, licenses and permits, as well as stronger regulations by the municipalities in the three Jonan wards, could lead to changes to or cancellation of developments remains. - FY2023RestatedAnnual report
「If the relevant regulations are strengthened by individual municipalities, our main business activities could be disrupted by changes to or cancellation of planned developments, which could affect our financial condition and operating performance.」
The risk that, in addition to real estate-related laws, regulations, licenses and permits, stronger regulations by the municipalities in the three Jonan wards could lead to changes to or cancellation of developments remains. - FY2022RestatedAnnual report
「If the relevant regulations are strengthened by individual municipalities, our main business activities could be disrupted by changes to or cancellation of planned developments, which could affect our financial condition and operating performance.」
The risk that, in addition to real estate-related laws, regulations, licenses and permits, stronger regulations by the municipalities in the three Jonan wards could lead to changes to or cancellation of developments remains. - FY2020WorsenedAnnual report
「If the relevant regulations are strengthened by individual municipalities, our main business activities could be disrupted by changes to or cancellation of planned developments, which could affect our financial condition and operating performance.」
In addition to the existing risks associated with changes in laws, regulations, licenses and permits, this explicitly identifies the possibility that stronger regulations on studio apartments by the municipalities in the three Jonan wards could lead to changes to or cancellation of developments. - FY2019First statedAnnual report
「If we are unable to comply with applicable laws and regulations for any reason in the future and receive sanctions from a supervisory authority, or if these legal regulations undergo significant changes, our main business activities, such as sales and development, could be disrupted, which could affect our financial condition and operating performance.」
The company identifies real estate-related laws and regulations, municipal ordinances, and the cancellation of licenses or permits or tightening of regulations as risks to business continuity.