Real Estate-Related Laws and Regulations, Including Revocation of Licenses and Permits
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2025Renewal application for the real estate brokerage license under reviewAnnual report
「The real estate brokerage license expired on 31 March 2025, but an application for renewal was filed by that date pursuant to Article 3, Paragraph 3 of the Real Estate Brokerage Act. As of the filing date, the renewal application was under review, and the existing license remained valid pursuant to Article 3, Paragraph 4 of the Act.」
The Company newly disclosed that the renewal application for the real estate brokerage license had been filed and was under review, and that the existing license remained valid. - FY2023RestatedAnnual report
「Although no factor impeding business continuity has arisen, if the Group's licenses or other authorizations are cancelled or otherwise revoked for any reason in the future, the Group's business activities would be substantially constrained」
The Company continues to face legal and licensing risks, including those relating to its real estate brokerage license and registration as a rental housing management business. - FY2020MitigatedAnnual report
「Although no factor impeding business continuity has arisen, if the Group's licenses or other authorizations are cancelled or otherwise revoked for any reason in the future, the Group's business activities would be substantially constrained」
The Company disclosed that no factor impeding the continuation of its license had arisen and that the real estate brokerage license was valid through 31 March 2025. - FY2019RestatedAnnual report
「Although no factor impeding business continuity has arisen, if the Group's licenses or other authorizations are cancelled or otherwise revoked for any reason in the future, the Group's business activities would be substantially constrained」
The Company continues to disclose the risks relating to real estate laws, licenses and permits, and explains that no factor impeding the continuation of its license had arisen as of the end of the period. - FY2018First statedAnnual report
「If the Company's licenses or other authorizations are cancelled or otherwise revoked for any reason in the future, the Company's business activities would be substantially constrained, potentially affecting the operating results and financial position of the Group.」
The real estate brokerage license was valid through 31 March 2020. The Company describes a policy of thorough legal compliance and avoiding grounds for cancellation or disqualification for renewal.