Risks from Changes to and Violations of Laws and Regulations Governing Temporary Staffing and Pharmaceutical-Related Businesses
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2021-Q2.
Bellsystem24 Holdings moved to the "Worse" side of this theme in 2020.
4 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「Meanwhile, wages in the group's core CRM (Customer Relationship Management) business have continued to rise as it responds to the principle of equal pay for equal work.」
The continued increase in personnel expenses associated with the response to equal pay for equal work has been reconfirmed in the CRM business. - FY2021-Q1MaterialisedAnnual report
「Meanwhile, wages in the group's core CRM (Customer Relationship Management) business have continued to rise as it responds to the principle of equal pay for equal work.」
The disclosure states that the potential increase in personnel expenses associated with the response to equal pay for equal work has materialized as higher wages in the CRM business. - FY2020WorsenedAnnual report
「With the enforcement of the Part-Time and Fixed-Term Work Act from April 2020 and the amendments to the Worker Dispatching Act introducing equal pay for equal work, unreasonable disparities in treatment between so-called regular and non-regular employees within the same company were prohibited. Going forward, responding to these labor-related regulations and changes in the labor environment may make it difficult for our group to hire highly skilled personnel and may cause our group's personnel expenses to rise sharply.」
In addition to the existing risks related to the Worker Dispatching Act and pharmaceutical regulations, the disclosure specifically identifies the possibility of higher personnel expenses and recruitment difficulties arising from the response to equal pay for equal work. - FY2019RestatedAnnual report
「If our group becomes subject to any grounds for disqualification applicable to a worker dispatch business operator under the Worker Dispatching Act (Article 6), or violates the Worker Dispatching Act or other applicable laws and regulations, its license to operate a worker dispatch business may be revoked (Article 14 of the Worker Dispatching Act), or it may be ordered to suspend all or part of its business. This could affect our group's business and performance.」
The risks of violating the Worker Dispatching Act, revocation of licenses and suspension of business have been reconfirmed. - FY2018RestatedAnnual report
「The pharmaceutical development support services, including CSO, MIS and SMO operations conducted by our consolidated subsidiaries BI Medical Inc. and BELL24・Cell Product, are carried out in compliance with the Act on Securing Quality, Efficacy and Safety of Pharmaceuticals and Medical Devices, its enforcement regulations and related ordinances of the Ministry of Health, Labour and Welfare. However, amendments to these laws or ordinances could restrict business activities or increase the costs of operating the business.」
The risks of licensing and approval issues, business restrictions and higher costs arising from violations of or amendments to the Worker Dispatching Act and pharmaceutical-related laws and ordinances have been reconfirmed. - FY2017First statedAnnual report
「If our group becomes subject to any grounds for disqualification applicable to a worker dispatch business operator under the Worker Dispatching Act (Article 6), or violates the Worker Dispatching Act or other applicable laws and regulations, its license to operate a worker dispatch business may be revoked (Article 14 of the Worker Dispatching Act), or it may be ordered to suspend all or part of its business. This could affect our group's business and performance.」
The disclosure identifies the risks of licensing and approval issues, higher costs and business restrictions arising from violations of laws governing the worker dispatch business and CSO, MIS, SMO and other operations, as well as amendments to or changes in the interpretation of those laws.