Legal and Regulatory Violation and Regulatory Change Risk
First written in FY2016. 21 of 24 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 6 of 36 companies on the "Worse" side.
84 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2022-Q3The impact of asbestos removal costs on profit is expressly stated.Annual report
「The Act Partially Amending the Air Pollution Control Act (effective 1 April 2021) expanded regulations on asbestos-containing building materials, bringing some of the buildings owned by the Group within the scope of regulation. Accordingly, the Group recognized an asset retirement obligation of ¥295 million for the cost of asbestos removal upon demolition. As a result, operating income, ordinary income and profit before income taxes for the nine-month period of the current consolidated fiscal year decreased by ¥27 million, respectively.」
In addition to the ¥295 million asset retirement obligation associated with the expanded asbestos regulations, the ¥27 million adverse impact on operating income and other measures is expressly stated. - FY2022-Q2RestatedAnnual report
「The Act Partially Amending the Air Pollution Control Act (effective 1 April 2021) expanded regulations on asbestos-containing building materials, bringing some of the buildings owned by the Group within the scope of regulation. Accordingly, the Group recognized an asset retirement obligation of ¥295 million for the cost of asbestos removal upon demolition.」
The recognition of an asset retirement obligation of ¥295 million in connection with the expanded asbestos regulations continues to be disclosed. - FY2022-Q1MaterialisedAnnual report
「The Act Partially Amending the Air Pollution Control Act (effective 1 April 2021) expanded regulations on asbestos-containing building materials, bringing some of the buildings owned by the Group within the scope of regulation. Accordingly, the Group recognized an asset retirement obligation of ¥295 million for the cost of asbestos removal upon demolition.」
The expanded regulations were applied to the buildings actually owned by the Group, resulting in the recognition of an asset retirement obligation of ¥295 million for asbestos removal costs. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It comprehensively states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2020RestatedAnnual report
「However, the possibility of violating laws or regulations due to negligence, accidents or other causes cannot be ruled out. If such a violation results in an administrative order restricting the business activities of the Group, a fine, or a claim for damages arising from the violation, this could affect the Group's operating results and financial condition.」
The risks of regulatory violations, administrative orders, fines, damages and business restrictions resulting from the amendment or enactment of laws and regulations continue. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2019RestatedAnnual report
「However, the possibility of violating laws or regulations due to negligence, accidents or other causes cannot be ruled out. If such a violation results in an administrative order restricting the business activities of the Group, a fine, or a claim for damages arising from the violation, this could affect the Group's operating results and financial condition.」
The risks relating to regulatory violations, administrative orders, fines, damages, and the amendment or enactment of laws and regulations continue. The Agricultural Chemicals Regulation Law is also expressly identified as an applicable law. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It comprehensively states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It comprehensively states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2018RestatedAnnual report
「However, the possibility of violating laws or regulations due to negligence, accidents or other causes cannot be ruled out. If such a violation results in an administrative order restricting the business activities of the Group, a fine, or a claim for damages arising from the violation, this could affect the Group's operating results and financial condition.」
The risks relating to regulatory violations, administrative orders, fines, damages, and the amendment or enactment of laws and regulations continue. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2017RestatedAnnual report
「However, the possibility of violating laws or regulations due to negligence, accidents or other causes cannot be ruled out. If such a violation results in an administrative order restricting the business activities of the Group, a fine, or a claim for damages arising from the violation, this could affect the Group's operating results and financial condition.」
The risks of administrative orders, fines, damages and business restrictions resulting from regulatory violations and regulatory changes continue to be disclosed. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It comprehensively states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It comprehensively states that there have been no material changes concerning the risks of regulatory violations and regulatory changes. - FY2016First statedAnnual report
「The fertilizer business and the other businesses conducted by the Group are regulated by various applicable laws and regulations, including the Fertilizer Control Act, the Feed Safety Act and the Food Sanitation Act. The Group exercises the utmost care to ensure full compliance with these laws and regulations. However, the possibility of violations due to negligence, accidents or other causes cannot be ruled out,」
It identifies administrative orders, fines, damages and business restrictions resulting from regulatory violations and the enactment or amendment of regulations.