Risk of business restrictions resulting from changes to laws and licenses or violations
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 2 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group endeavors to comply with applicable laws and regulations, including those governing the principal licenses and permits described above, and has never had any license or permit required for its business revoked or been subject to administrative action. However, if its licenses or permits are revoked or it becomes subject to administrative action as a result of future violations of laws or regulations, fraud or other misconduct, and the Group’s business scope is restricted, its social standing may decline and customers may cancel their contracts, potentially affecting the Group’s operating results and other matters.」
The Group continues to disclose the risk of business restrictions resulting from revocation of licenses and permits, administrative action and tighter regulation, as well as its response through compliance with laws and regulations, cooperation with specialists and training. - FY2023RestatedAnnual report
「The Company endeavors to comply with applicable laws and regulations, including those governing the principal licenses and permits described above, and has never had any license or permit required for its business revoked or been subject to administrative action. However, if its licenses or permits are revoked or it becomes subject to administrative action as a result of future violations of laws or regulations, fraud or other misconduct, and its business scope is restricted, its social standing may decline and customers may cancel their contracts, potentially affecting its operating results and other matters.」
The Company continues to disclose the risk of business restrictions resulting from revocation of licenses and permits, administrative action and tighter regulation, and cites cooperation with its administrative department and specialists and compliance training as countermeasures. - FY2019RestatedAnnual report
「If violations of laws or regulations, misconduct or other issues result in the cancellation of licenses or administrative sanctions that restrict the scope of the Company’s business, its social credibility may decline and customers may terminate their contracts, potentially affecting its results.」
The Company continues to disclose risks relating to violations of multiple industry laws and licensing requirements, administrative action and tighter regulation. - FY2018First statedAnnual report
「If violations of laws or regulations, misconduct or other issues result in the cancellation of licenses or administrative sanctions that restrict the scope of the Company’s business, its social credibility may decline and customers may terminate their contracts, potentially affecting its results.」
The Company discloses that, because it is subject to multiple regulations governing real estate, construction, inns and financial instruments transactions, violations, administrative action and tighter regulation may affect its business scope, costs and creditworthiness.