Risk of Changes to Real Estate Laws and Licensing Requirements
First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2023-Q2Additional Legal Risk Related to M&A BrokerageAnnual report
「At present, M&A brokerage activities are not subject to restrictions such as licensing requirements from the relevant government ministries and agencies. However, the M&A business is structured in a way that makes it susceptible to the impact of various laws and regulations, including the Financial Instruments and Exchange Act, the Companies Act, and various tax laws. If future enactment, amendment or repeal of laws and regulations affects the expansion or promotion of M&A transactions, it could affect our Group's operating results and financial position.」
In addition to the existing risks related to real estate laws and regulations, the filing adds the potential impact of the enactment, amendment or repeal of the Financial Instruments and Exchange Act, the Companies Act, tax laws and other legislation on M&A brokerage activities. - FY2020MitigatedAnnual report
「To mitigate these risks, our Legal Affairs Department promptly monitors amendments to the laws and regulations applicable to each company. At the launch of a new business, we have also established a review framework that includes compliance checks by the Legal Affairs Department and coordination with external lawyers, and we strive to prevent violations of laws and regulations.」
Measures explicitly identified include monitoring amendments to laws and regulations by the Legal Affairs Department, external lawyers, and the Risk Management and Compliance Committee, preliminary checks for new businesses, and regular training. - FY2019RestatedAnnual report
「Although our Group strives to comply with these legal regulations, if a violation of laws or regulations occurs, or if new laws are enacted or existing laws and regulations are amended, our business activities may be restricted, affecting our Group's operating results and financial position.」
The risk of business restrictions resulting from changes to real estate-related laws and licenses is reiterated, with multiple licenses and their validity periods disclosed in detail. - FY2018First statedAnnual report
「If a violation of laws or regulations occurs, or if new laws are enacted or existing laws and regulations are amended, our business activities may be restricted, affecting our operating results and financial position.」
The filing describes regulations under the Real Estate Brokerage Act, Construction Business Act, Act on Specified Joint Real Estate Ventures and other laws, as well as business restrictions resulting from the revocation of licenses and changes to laws and regulations.