Reputational Damage Caused by Inadequate Legal Compliance and Violations of Laws and Regulations
First written in FY2016. 14 of 17 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 8 of 54 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In addition to establishing a monitoring framework through the Compliance Committee and appropriately operating internal reporting systems established both inside and outside the company, we continuously provide regular education and training for all officers and employees and conduct rigorous checks of business processes through the internal audit department.」
Measures to address deficiencies in and violations of legal and regulatory compliance have been specified as oversight by the Compliance Committee, internal reporting, training for all officers and employees, and internal audit checks. - FY2025RestatedAnnual report
「Based on its Basic Policy for Establishing an Internal Control System, the company is thoroughly ensuring compliance with laws and regulations by establishing a compliance framework, providing internal training and establishing a compliance reporting system, among other measures.」
The company's compliance initiatives through internal controls, internal training and a compliance reporting system have been reconfirmed. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there are no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there are no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2020MitigatedAnnual report
「Based on its Basic Policy for Establishing an Internal Control System, the company is working to ensure compliance with laws and regulations by establishing a compliance framework, providing internal training and establishing a compliance reporting system, among other measures.」
Specific measures to address the risk of deficiencies in regulatory compliance include internal controls, internal training and a compliance reporting system. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there are no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there are no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2018RestatedAnnual report
「Despite these initiatives, if a situation arises in which the company fails to respond adequately to legal and regulatory amendments or similar changes, this could affect its operating results and financial position through a loss of social credibility caused by damage to its reputation, claims for damages arising from losses incurred and other consequences.」
The risks of loss of credibility and claims for damages arising from deficiencies in responding to legal and regulatory amendments have been reconfirmed. - FY2018-Q3RestatedAnnual report
「There were no new events among the matters described in this quarterly report concerning the business and financial conditions that could materially affect investors' decisions, and no material changes to the matters described under "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2018-Q2RestatedAnnual report
「There were no new events among the matters described in this quarterly report concerning the business and financial conditions that could materially affect investors' decisions, and no material changes to the matters described under "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2017RestatedAnnual report
「Despite these initiatives, if a situation arises in which the company fails to respond adequately to legal and regulatory amendments or similar changes, this could affect its operating results and financial position through a loss of social credibility caused by damage to its reputation, claims for damages arising from losses incurred and other consequences.」
The risks of loss of credibility and claims for damages arising from deficiencies in responding to legal and regulatory amendments have been reconfirmed. - FY2017-Q3RestatedAnnual report
「There were no new events among the matters described in this quarterly report concerning the business and financial conditions that could materially affect investors' decisions, and no material changes to the matters described under "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2017-Q2RestatedAnnual report
「There were no new events among the matters described in this quarterly report concerning the business and financial conditions that could materially affect investors' decisions, and no material changes to the matters described under "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is treated as having no material changes regarding loss of credibility due to deficiencies in regulatory compliance and violations of laws and regulations. - FY2016First statedAnnual report
「If a situation arises in which the company fails to respond adequately to legal and regulatory amendments or similar changes, this could affect its operating results and financial position through a loss of social credibility caused by damage to its reputation, claims for damages arising from losses incurred and other consequences.」
While conducting compliance training and other initiatives, the company discloses the risks to its credibility and of claims for damages arising from deficiencies in responding to legal and regulatory amendments.