Regulatory Change and Operational Risks in the Crowdfunding Business
First written in FY2020. 9 of 10 entries say "Restated". Latest entry: FY2024-Q2.
1 other company's latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - FY2023-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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - FY2021RestatedAnnual report
「The crowdfunding business is subject to the Financial Instruments and Exchange Act and the Money Lending Business Act in the lending-based crowdfunding segment, and to the Financial Instruments and Exchange Act in the equity crowdfunding segment. The business may become subject to additional regulations as a result of amendments or changes to existing laws and regulations, the enactment of new laws and regulations, or other developments.」
The company continues to disclose regulatory changes and operating risks under the Financial Instruments and Exchange Act, the Money Lending Business Act and other laws relating to the crowdfunding business. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - 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 company states that there have been no new occurrences or material changes in existing risks, including regulatory changes and operating risks in the crowdfunding business. - FY2020First statedAnnual report
「The crowdfunding business is subject to the Financial Instruments and Exchange Act and the Money Lending Business Act in the lending-based crowdfunding segment, and to the Financial Instruments and Exchange Act in the equity crowdfunding segment. The business may become subject to additional regulations as a result of amendments or changes to existing laws and regulations, the enactment of new laws and regulations, or other developments.」
With its entry into lending-based and equity crowdfunding, the company has disclosed as new risks the regulations under the Financial Instruments and Exchange Act, the Money Lending Business Act and other laws, increased administrative costs resulting from legal amendments, and potential reputational effects.