Risk of Violations of Laws and Regulations in Various Countries and Litigation
First written in FY2016. 2 of 4 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2023-Q1.
Nichirin moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 22 of 71 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2023-Q1MaterialisedAnnual report
「Following a tax audit covering corporate taxes and other taxes for the tax years from the fiscal year ended December 2018 through the fiscal year ended December 2021, our company recorded the expected additional payment as corporate taxes and other taxes for prior periods.」
Following a tax audit covering corporate taxes and other taxes for the fiscal years ended December 2018 through December 2021, an expected additional payment of ¥402 million was recorded as corporate taxes and other taxes for prior periods. - FY2019RestatedAnnual report
「Our Group is subject to various laws and regulations relating to investment, trade, foreign exchange controls, antitrust, environmental protection and other matters in each country where it operates.」
The disclosure continues to address the possibility that violations of laws and regulations in each country and resulting litigation could affect operating results. No additional amount was recorded in the current fiscal year in relation to the tax audit matter recorded in the previous fiscal year. - FY2018-Q3MaterialisedAnnual report
「Our company underwent a tax audit by the Osaka Regional Taxation Bureau covering corporate taxes and other taxes for the tax years from the fiscal year ended December 2015 through the fiscal year ended December 2017, and for some matters from the fiscal year ended December 2013 through the fiscal year ended December 2017. Following findings primarily concerning the capitalization of equipment manufacturing costs, the allocation of costs for employees seconded to subsidiaries, and billing for technical support costs, we recorded ¥164 million in corporate taxes and other taxes for prior periods. Although the tax authorities' findings resulted from differences in interpretation, we plan to accept them and file amended tax returns.」
The disclosure states that, following findings in a tax audit by the Osaka Regional Taxation Bureau, ¥164 million in corporate taxes and other taxes for prior periods was recorded and amended tax returns are planned. The regulatory compliance risk materialized as a specific tax matter. - FY2016First statedAnnual report
「Our Group is subject to various laws and regulations relating to investment, trade, foreign exchange controls, antitrust, environmental protection and other matters in each country where it operates. Although our Group complies with these laws and regulations and strives to conduct business fairly, if an unfavorable outcome for our Group were to arise in litigation or legal proceedings based on an alleged violation of laws or regulations, this could affect our Group's operating results and financial condition.」
The disclosure addresses the possibility that violations of laws relating to investment, trade, foreign exchange controls, antitrust, environmental protection and other matters in each country, as well as resulting litigation, could affect operating results.