Risk of non-compliance with laws and regulations, including the Worker Dispatching Act and Subcontract Act
First written in FY2019. 2 of 6 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2026: 4 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Updated the laws and regulatory amendment risk coverageAnnual report
「The Act on Ensuring Proper Transactions Involving Specified Entrusted Businesses applies to our business contractors and subcontractors. Although we have established a compliance system for the laws and regulations related to our group's business activities, changes to these or other relevant laws and regulations, or the introduction of unexpected new laws and regulations, could result in violations. This may not only damage our social credibility but also affect the operating results and financial position of our group through the payment of damages and increased costs for compliance measures.」
Regarding regulatory risk, the Act on Ensuring Proper Transactions Involving Specified Entrusted Businesses as it applies to business contractors and subcontractors, together with damages and response costs arising from regulatory amendments and the introduction of new regulations, was explicitly identified. - FY2023MitigatedAnnual report
「Regarding relevant laws and regulations, our group continues to provide regular training for its officers and employees. We also work to obtain timely information on regulatory amendments through our legal advisers and various organizations and meetings related to legal affairs, and to disseminate that information throughout the group.」
Measures addressing the risk of violating laws and regulations, including employee training and obtaining and disseminating information on regulatory amendments through legal advisers and other channels, have continued. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the risk of violating laws and regulations, including the Worker Dispatching Act and the Subcontracting Act. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No significant changes were identified regarding the risk of violating laws and regulations, including the Worker Dispatching Act and the Subcontracting Act. - FY2021MitigatedAnnual report
「Regarding relevant laws and regulations, our group continues to provide regular training for its officers and employees. We also work to obtain timely information on regulatory amendments through our legal advisers and various organizations and meetings related to legal affairs, and to disseminate that information throughout the group.」
Measures addressing the risk of violating laws and regulations were specified as employee training, obtaining information on regulatory amendments through legal advisers and other channels, and disseminating that information throughout the group. - FY2019First statedAnnual report
「We believe that we have established a comprehensive system to comply with the laws and regulations relevant to our business activities. However, if we violate these or other relevant laws and regulations for any reason and are subject to a business suspension, recommendation or other sanction by a supervisory authority, this may not only damage our social credibility but also affect the business results and financial position of our group.」
Violation of laws and regulations, including the Worker Dispatching Act and the Subcontracting Act, and the effects of business suspensions, recommendations and other sanctions were newly identified as risks.