Changes to Internet Advertising and Financial Services Laws
First written in FY2019. 2 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If new laws or regulations or industry self-regulation are introduced in relevant areas, this may affect the Group’s business development and operating results.」
The company continues to disclose the risks of changes in laws, regulations and industry self-regulation concerning telecommunications, internet advertising and financial product information. - FY2024WorsenedAnnual report
「The consolidated subsidiary 株式会社ミンカブアセットパートナーズ is a registered financial instruments intermediary business operator and investment advisory and agency business operator. The similarly consolidated subsidiary 株式会社ライブドア is a registered bank agency business operator.」
In addition to financial instruments intermediary and investment advisory businesses, bank agency services have been added to the Group’s registered businesses, expanding the scope of its regulatory and registration-related exposure. - FY2023RestatedAnnual report
「The Group subsidiary 株式会社ミンカブアセットパートナーズ is a registered financial instruments intermediary business operator. If it violates the requirements for its license or registration, it may be subject to cancellation of its license or registration, an order to suspend its business or an order to improve its business operations.」
Even after completing registration as a financial instruments intermediary business operator, the company continues to disclose legal and regulatory risks involving violations of registration requirements, cancellation of registration and suspension of business. - FY2023-Q3MitigatedAnnual report
「In December 2022, the company’s subsidiary 株式会社ミンカブアセットパートナーズ completed its registration as a financial instruments intermediary business operator.」
The previous exposure relating to the incomplete registration as a financial instruments intermediary business operator was reduced by one level following completion of the registration. - FY2022WorsenedAnnual report
「As of the date of submission of this document, the Group is proceeding with the acquisition of registration as a financial instruments intermediary business operator, which is a prerequisite for the business activities of its Group subsidiary.」
In addition to the existing risks associated with changes in internet advertising and financial-related laws and regulations, specific risks emerged concerning the failure to complete registration as a financial instruments intermediary business operator, cancellation of registration and suspension of business. - FY2019First statedAnnual report
「If regulations restricting the use of the internet, new laws or regulations governing internet advertising, or industry self-regulation are introduced, this may affect the company’s business development and operating results.」
Although the company states that it is not subject to direct or industry-specific legal regulations, it identifies potential changes in regulations concerning the internet, advertising and financial product information.