Risk from distance-selling regulations under the Act on Specified Commercial Transactions and other laws
First written in FY2020. 5 of 6 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 6 of 29 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of restrictions on mail-order sales under the Act on Specified Commercial Transactions and other laws. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes in the risk of restrictions on mail-order sales under the Act on Specified Commercial Transactions and other laws. - FY2021-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of restrictions on mail-order sales under the Act on Specified Commercial Transactions and other laws. - FY2021-Q2RestatedAnnual report
「There have been no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risk of restrictions on mail-order sales under the Act on Specified Commercial Transactions and other laws. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure expressly states that there have been no material changes in the risk of restrictions on mail-order sales under the Act on Specified Commercial Transactions and other laws. - FY2020First statedAnnual report
「The Company conducts mail-order sales via the internet and is subject to regulation under the Act on Specified Commercial Transactions. Accordingly, it has established a compliance framework through measures including thorough employee training and the development of a compliance system. However, if the law is amended, new regulations are introduced, or these regulations are not complied with, the Company's corporate image could deteriorate, among other consequences, potentially affecting the Group's operating results.」
The disclosure identifies regulations under the Act on Specified Commercial Transactions specific to internet mail-order sales, and the potential impact on operating results of legal amendments or failure to comply, as a standalone risk.