Risks of administrative monetary penalties, listing agreement penalty payments and other consequences associated with corrections to prior-year financial results
First written in FY2022-Q1. 2 of 7 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2023.
5 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The Company's shares had been designated by the Tokyo Stock Exchange as a Security on Alert since April 2022. However, because the Company implemented measures to prevent recurrence as planned and advanced initiatives to improve its internal control system and other systems, with no problems recognized in those systems, the designation as a Security on Alert was lifted effective 20 May 2023.」
With respect to listing-related risks stemming from the designation as a Security on Alert and other consequences of corrections to prior-period financial results, the lifting of the designation reduced the continuing risk. - FY2023-Q3MitigatedAnnual report
「The Company's shares had been designated by the Tokyo Stock Exchange as a Security on Alert since April 2022. However, because the Company implemented measures to prevent recurrence as planned and advanced initiatives to improve its internal control system and other systems, with no problems recognized in those systems, the designation as a Security on Alert was lifted effective 20 May 2023.」
With respect to listing-related risks stemming from corrections to prior-period financial results, the designation as a Security on Alert was lifted, reducing the risk associated with its continuation. - FY2023-Q2RestatedAnnual report
「As of 1 April 2022, the Company's shares had been designated by the Tokyo Stock Exchange as a Security on Alert as described below, creating a risk of delisting. Depending on the Group's future actions, this could adversely affect the Group's future business activities, performance and financial condition.」
The possibility of delisting and adverse effects on the business and financial condition arising from the designation as a Security on Alert continues to be identified as a risk. - FY2022RestatedAnnual report
「As of 31 March 2022, the Company's shares had been designated by the Tokyo Stock Exchange as a Security on Alert as described below, creating a risk of delisting.」
The risk of delisting depending on the designation as a Security on Alert and the results of the review of the internal control system continues to be disclosed. - FY2022-Q3MaterialisedAnnual report
「As a result, on 31 March 2022, the Company was billed ¥28.80 million by the Tokyo Stock Exchange as a listing penalty payment, which it has already paid. In addition, on 17 June 2022, the Financial Services Agency issued an order requiring the Company to pay an administrative monetary penalty of ¥46.05 million for violations of disclosure regulations.」
The listing penalty payment and administrative monetary penalty previously identified as risks arising from corrections to prior-period financial results materialized: ¥28.80 million was paid as a listing penalty payment, and an order was issued requiring payment of an administrative monetary penalty of ¥46.05 million. - FY2022-Q2MaterialisedAnnual report
「Effective 1 April 2022, the Company's shares were designated by the Tokyo Stock Exchange as Securities on Alert and became subject to a listing penalty payment.」
The risks previously described as potential administrative monetary penalties and listing agreement penalty payments arising from corrections to prior-period financial results materialized through the designation as a Security on Alert and the imposition of a listing penalty payment. - FY2022-Q1First statedAnnual report
「As a result, the Group may in the future be subject to measures including an order from the Financial Services Agency to pay an administrative monetary penalty for violations of disclosure regulations and a claim from the Tokyo Stock Exchange for a listing agreement penalty payment. The corrections to prior-period financial results may also adversely affect the Group's operations, including by requiring the Group to take action in accordance with laws and regulations at the request of stakeholders and relevant authorities.」
For the first time, the company expressly identified as potential risks an order from the Financial Services Agency to pay an administrative monetary penalty, a claim from the Tokyo Stock Exchange for a listing agreement penalty payment and the operating impact of responding to relevant authorities following corrections to prior-period financial results.