Risk of Business Restrictions and Loss of Licenses Due to Legal Violations or Regulatory Changes
First written in FY2017. 1 of 3 entries say "Mitigated", first in FY2019. Latest entry: FY2021.
0 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「To manage this risk, we provide officers and employees with thorough training on compliance with laws and regulations, establish internal rules including compliance and risk management regulations, and hold the Compliance and Risk Management Committee regularly, thereby working to raise compliance awareness throughout the Company and strengthen the management framework.」
The Company outlined a management framework combining training, the development of internal rules and regular meetings of the Compliance and Risk Management Committee to address legal and licensing risks. - FY2019MitigatedAnnual report
「To comply with these laws and regulations, licences and permits, the Group is working to strengthen compliance by thoroughly enforcing compliance among officers and employees and establishing internal rules, including compliance regulations and risk management regulations.」
To address the risk of legal violations and cancellation of licences and permits, the Company provides training for officers and employees and has established compliance and risk management regulations, stating that no grounds for cancellation of licences or permits have arisen as of the present time. - FY2017First statedAnnual report
「If a violation of laws or regulations occurs due to the wilful misconduct or negligence of a Group officer or employee, or if the Company as a legal entity violates laws or regulations, this could damage relationships of trust with business partners. It could also affect business operations, operating results and financial position through orders from supervisory authorities restricting or suspending operations, lawsuits brought against the Group by customers and the payment of damages.」
The Company discloses that violations of laws or regulations, legislative amendments and cancellation of licences and permits relating to the Real Estate Brokerage Act, Money Lending Business Act, Worker Dispatching Act, Trust Business Act and other legislation could lead to business restrictions and damages payable.