Licensing and Legal Compliance Risks in the Temporary Staffing and Employment Placement Businesses
First written in FY2019. 1 of 2 entries say "Dropped", first in FY2021-Q3. Latest entry: FY2021-Q3.
The whole theme swung hardest in 2020: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2021-Q3DroppedAnnual report
「Our group's business related to Filipinos residing in Japan included staffing and recruitment referral services primarily targeting Filipinos residing in Japan. In November 2020, we entered into an agreement with Global Trust Networks Co., Ltd. to transfer the staffing and recruitment referral businesses, and completed the transfer on 1 January 2021. As a result, the risks described in the securities report for the previous fiscal year under “(4) Risks Relating to the Business Related to Filipinos Residing in Japan: ① Regulations, etc. in Japan, ② Securing Personnel, and ③ Current Status of the Nursing Care Industry” have ceased to apply.」
It is expressly stated that the regulatory risks relating to temporary staffing and recruitment in Japan ceased to exist upon completion of the transfer of the human resources-related business. - FY2019First statedAnnual report
「In our temporary staffing and recruitment businesses, we hold a license for a general worker dispatching business (般13-301344) under the Act on Securing the Proper Operation of Worker Dispatching Undertakings and Protecting Dispatched Workers (Worker Dispatching Act), and a license for a fee-charging employment placement business (13-ユ-301653) under the Employment Security Act. The status of residence and other matters relating to Filipino residents in Japan are regulated under the Immigration Control and Refugee-Recognition Act.」
A new, separate disclosure was made of the risk of license revocation or other administrative action in the event of violations relating to the temporary staffing license, employment placement license or regulations governing status of residence.