Legal Risks, Including Litigation and Regulatory Actions
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2026.
Air Water moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 3 of 25 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In connection with corrections to securities reports and other filings submitted in the past, the company may become subject to investigation by the authorities or an order to pay an administrative monetary penalty on the grounds that it violated disclosure regulations under the Financial Instruments and Exchange Act. If an investigation is conducted, the company will respond appropriately, including cooperating with the investigation.」
In addition to the conventional risks of general litigation and regulatory action, the company specifically indicates the possibility of regulatory investigations and orders to pay administrative monetary penalties in connection with corrections to prior-year disclosures. - FY2018RestatedAnnual report
「The Group faces risks related to litigation, actions by regulatory authorities, and other legal proceedings in conducting its business. Claims for damages, monetary penalties imposed by regulatory authorities, or restrictions on the conduct of business may be imposed on the Group, and such litigation, regulatory actions, and other legal proceedings may affect the Group's business, performance, and financial position.」
The company continues to disclose legal risks, including litigation, regulatory measures, and damages claims. - FY2017RestatedAnnual report
「In conducting its business, the Group faces risks relating to litigation, actions by regulatory authorities and other legal proceedings. The Group may face claims for damages, monetary penalties imposed by regulatory authorities or restrictions on the conduct of its business.」
The company continues to describe legal risks, including litigation, regulatory actions, damages claims and monetary penalties. - FY2016First statedAnnual report
「In conducting its business, our group faces risks relating to litigation, measures taken by regulatory authorities and other legal proceedings.」
The disclosure addresses legal risks including claims for damages, monetary penalties and restrictions on business operations.