Risks from Changes in Laws and Regulations and Litigation
First written in FY2016. 3 of 14 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2023.
Oji Holdings moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 22 of 71 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Certain overseas consolidated subsidiaries have recognized the estimated amount of losses expected to arise from civil litigation, to provide for such losses.」
For civil litigation involving certain overseas consolidated subsidiaries, ¥1,839 million was recognized as an addition to the provision for litigation losses. - FY2023-Q3MaterialisedAnnual report
「Provision for litigation losses 2,007 Certain overseas consolidated subsidiaries have recognized the estimated amount of losses expected to arise from civil litigation, to provide for such losses.」
For civil litigation involving certain overseas consolidated subsidiaries, an estimated loss of ¥2,007 million was recognized as a provision for litigation losses. - FY2023-Q2MaterialisedAnnual report
「Provision for litigation losses 1,955 Certain overseas consolidated subsidiaries have recognized the estimated amount of losses expected to arise from civil litigation, to provide for such losses.」
For civil litigation involving certain overseas consolidated subsidiaries, an estimated loss of ¥1,955 million was recognized as a provision for litigation losses. - FY2020MitigatedAnnual report
「The Oji Group Corporate Action Charter and Code of Conduct are translated into the respective languages and communicated and put into practice not only in Japan but also at each overseas location. In addition, the responsible departments conduct training on laws and regulations, among other matters, to ensure that acts violating laws and regulations do not occur.」
The disclosure describes the communication of the Code of Conduct and related policies, including at overseas locations, training on the laws and regulations of each country, and systems to prevent violations of laws and regulations. - FY2019-Q3Decrease in amounts in dispute denominated in US dollars; increase in amounts in dispute denominated in Brazilian realsAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$6,593 thousand for tax-related matters (US$15,751 thousand at the end of the previous consolidated fiscal year), US$6,021 thousand for labor-related matters (US$9,387 thousand at the end of the previous consolidated fiscal year), and R$2,489 thousand (R$2,350 thousand at the end of the previous consolidated fiscal year).」
While the tax- and labor-related amounts in dispute denominated in US dollars for which no provisions have been recognized decreased, the amount denominated in Brazilian reals increased. - FY2019-Q2Decrease in amounts in dispute denominated in US dollars; increase in amounts in dispute denominated in Brazilian realsAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$5,670 thousand for tax-related matters (US$15,751 thousand at the end of the previous consolidated fiscal year), US$6,401 thousand for labor-related matters (US$9,387 thousand at the end of the previous consolidated fiscal year), and R$2,769 thousand (R$2,350 thousand at the end of the previous consolidated fiscal year).」
While the tax- and labor-related amounts in dispute denominated in US dollars for which no provisions have been recognized decreased from the end of the previous fiscal year, the amount denominated in Brazilian reals increased. - FY2019-Q1MitigatedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$5,753 thousand for tax-related matters (US$15,751 thousand at the end of the previous consolidated fiscal year), US$9,116 thousand for labor-related matters (US$9,387 thousand at the end of the previous consolidated fiscal year), and R$2,350 thousand (R$2,350 thousand at the end of the previous consolidated fiscal year).」
The tax-related amounts in dispute for which no provisions have been recognized and the labor-related amounts denominated in US dollars decreased from the end of the previous fiscal year, while the amount denominated in Brazilian reals remained unchanged. - FY2018-Q3MitigatedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$16,415 thousand for tax-related matters (US$26,766 thousand at the end of the previous consolidated fiscal year), US$10,563 thousand for labor-related matters (US$15,749 thousand at the end of the previous consolidated fiscal year), and R$2,411 thousand (R$5,052 thousand at the end of the previous consolidated fiscal year).」
The tax-related amounts in dispute for which no provisions have been recognized, as well as the labor-related amounts denominated in US dollars and Brazilian reals, all decreased from the end of the previous consolidated fiscal year. - FY2018-Q2Decrease in tax-related and labor-related amounts in dispute denominated in US dollars; increase in labor-related amounts in dispute denominated in Brazilian realsAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$15,534 thousand for tax-related matters (US$26,766 thousand at the end of the previous consolidated fiscal year), US$9,791 thousand for labor-related matters (US$15,749 thousand at the end of the previous consolidated fiscal year), and R$5,196 thousand (R$5,052 thousand at the end of the previous consolidated fiscal year).」
While the tax-related amounts in dispute for which no provisions have been recognized and the labor-related amounts in dispute denominated in US dollars decreased, the labor-related amount denominated in Brazilian reals increased. - FY2018-Q1Decrease in tax-related and labor-related amounts in dispute denominated in US dollars; increase in labor-related amounts in dispute denominated in Brazilian realsAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$28,038 thousand for tax-related matters (US$26,766 thousand at the end of the previous consolidated fiscal year), US$14,576 thousand for labor-related matters (US$15,749 thousand at the end of the previous consolidated fiscal year), and R$5,771 thousand (R$5,052 thousand at the end of the previous consolidated fiscal year).」
The tax-related amount in dispute increased, the labor-related amount in dispute denominated in US dollars decreased, and the amount denominated in Brazilian reals increased, with trends differing by item. - FY2017-Q3Decrease in tax-related amounts in dispute; increase in labor-related amounts in disputeAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$71,124 thousand for tax-related matters (US$119,701 thousand at the end of the previous consolidated fiscal year), US$6,640 thousand for labor-related matters (US$4,385 thousand at the end of the previous consolidated fiscal year), and R$3,274 thousand (R$1,774 thousand at the end of the previous consolidated fiscal year).」
While the tax-related amounts in dispute for which no provisions have been recognized decreased from the end of the previous consolidated fiscal year, the labor-related amounts in dispute increased in both US dollar and Brazilian real terms. - FY2017-Q2WorsenedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$145,619 thousand for tax-related matters (US$119,701 thousand at the end of the previous consolidated fiscal year), US$5,718 thousand for labor-related matters (US$4,385 thousand at the end of the previous consolidated fiscal year), and R$4,517 thousand (R$1,774 thousand at the end of the previous consolidated fiscal year).」
At the Brazilian subsidiary, the amounts in dispute for tax- and labor-related matters for which no provisions have been recognized have increased from the end of the previous consolidated fiscal year. - FY2017-Q1WorsenedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, the amounts in dispute for which provisions have not been recognized because the likelihood of occurrence was judged to be low were US$131,335 thousand for tax-related matters (US$119,701 thousand at the end of the previous consolidated fiscal year) and US$5,156 thousand for labor-related matters (US$4,385 thousand at the end of the previous consolidated fiscal year).」
For tax- and labor-related litigation involving the Brazilian subsidiary, the amounts in dispute for which no provisions have been recognized have increased from the end of the previous fiscal year. - FY2016First statedAnnual report
「The group's businesses are subject to various laws and regulations, including environmental regulations and intellectual property laws, and changes or revisions to these laws and regulations may result in additional costs.」
The financial impact of regulatory changes, including environmental regulations and intellectual property regulations, and litigation outcomes is identified as a risk.