Uncertainty Regarding Internet-Related Laws and Regulations and the Compliance Framework
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 6 of 18 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「We operate in compliance with these laws and regulations and will continue to maintain a framework for thorough legal compliance and provide internal training. However, if new laws are enacted, existing regulations are strengthened, or other developments constrain our business, or if, in the unlikely event, our compliance framework fails to function effectively, this may affect our business and operating results.」
The company continues to describe its response to internet-related laws and regulations through its compliance framework and internal training. - FY2020First statedAnnual report
「The company is subject to laws and regulations including the Telecommunications Business Act, the Act on the Limitation of Liability for Damages of Specified Telecommunications Service Providers and the Disclosure of Sender Information, the Act on the Protection of Personal Information, the Act on Prohibition of Unauthorized Computer Access, and the Act against Unjustifiable Premiums and Misleading Representations.」
The company disclosed the risks of business constraints arising from multiple internet-related laws and regulations, tighter regulation, and failure of its compliance framework to function effectively.