Real Estate and Construction Regulatory and License Revocation Risks
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 7 of 27 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company is subject to a wide range of regulations, including the Real Estate Brokerage Act, Building Standards Act, Kenchikushi Act and Fire Service Act, as well as related ordinances. The legal department regularly gathers information on amendments and other changes to laws and regulations and coordinates with the relevant departments as appropriate.」
The Company continues to recognize real estate and construction-related regulations and legal amendments as risks, and describes information gathering by the legal department and coordination with the relevant departments. - FY2023First statedAnnual report
「The Company is subject to legal regulations under the Real Estate Brokerage Act, the Building Standards Act, the City Planning Act, the Construction Business Act, the Architects Act, and other laws. Failure to comply with these laws and regulations, or the introduction of requirements to appoint additional qualified personnel, could affect the Company’s business results and business development.」
Regulatory requirements governing the real estate brokerage, construction, urban planning and construction businesses, and the impact on operations of violations, legal amendments and qualified-person requirements, are identified as risks.