Business restrictions and other impacts from regulatory violations and tighter regulation
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2026: 22 of 71 companies on the "Worse" side.
124 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there have been no new business risks or material changes to existing risks. - FY2023-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new business risks or material changes to existing risks. - FY2022WorsenedAnnual report
「Administrative penalties for exports to embargoed countries, violations of the Foreign Exchange and Foreign Trade Act, the risk of extraterritorial application of export control rules and laws in the United States and China due to worsening US-China relations, and inappropriate accounting and window dressing at overseas operations」
The scope of risks related to violations of laws and regulations and tighter regulations was specified to include export controls, the Foreign Exchange and Foreign Trade Act, extraterritorial application and inappropriate accounting at overseas operations. - FY2019-Q3RestatedAnnual report
「In conducting business in Japan and overseas, the Group is subject to various laws and regulations administered by regulatory authorities. If regulations are tightened or their interpretation becomes stricter, business restrictions, higher costs and other effects may result. In addition, if an event involving a violation of laws or regulations occurs, the Group's operating performance and financial condition may be materially affected by sanctions and other measures imposed by regulatory authorities, claims for damages from business partners and other stakeholders, and deterioration in its social reputation.」
The general risks of business restrictions, higher costs and sanctions resulting from tighter regulations, stricter interpretations and violations of laws and regulations have been reconfirmed. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company reconfirms that no new risks arose and that no material changes occurred to existing risks. - FY2018First statedAnnual report
「In conducting business in Japan and overseas, the Group is subject to various laws and regulations administered by regulatory authorities. If regulations are tightened or their interpretation becomes stricter, business restrictions, higher costs and other effects may result. In addition, if an event involving a violation of laws or regulations occurs, the Group's operating performance and financial condition may be materially affected by sanctions and other measures imposed by regulatory authorities, claims for damages from business partners and other stakeholders, and deterioration in its social reputation.」
Separately from the cartel matter, newly identified risks include business restrictions, higher costs and sanctions resulting from tighter regulations, stricter interpretations and violations of laws and regulations generally.