Risk of Business Suspension Due to Licensing and Legal Violations
First written in FY2017. 1 of 3 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2019: 2 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If, in the event of a violation of the Construction Business Act, the Group were to receive an administrative sanction such as an order to suspend all or part of the relevant business or the revocation of its license, this could have a material impact on the Group's business development and financial performance.」
Continuing to disclose the risk of licensing issues or violations of laws and regulations relating to the construction industry, designated investigation institutions and the real estate industry. - FY2019-Q3MaterialisedAnnual report
「The company was determined to have violated the Waste Management and Public Cleansing Law on 17 December 2018 and received an order from the Governor of Chiba Prefecture revoking its licenses for industrial waste treatment and industrial waste collection and transport.」
A violation of waste management-related laws and regulations and the resulting license revocation actually occurred in the construction sludge intermediate treatment business. - FY2017First statedAnnual report
「If, in the event of a violation of the Construction Business Act, the Group were to receive an administrative sanction such as an order to suspend all or part of the relevant business or the revocation of its license, this could have a material impact on the Group's business development and financial performance.」
Newly organizing the risk that licensing issues or violations of laws and regulations relating to the construction industry, designated investigation institutions and the real estate industry could affect business development.