Impact of violations of laws and regulations on operating results
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2020.
Aiphone moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
4 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「Violations of laws or regulations could affect operating results and other aspects of performance. Changes in laws and regulations in Japan and other countries could also affect the Group's business activities and, consequently, operating results and other aspects of performance.」
In addition to the existing risk of violations of laws and regulations, the Company specifies the impact on its business of changes in domestic and overseas laws and regulations, broadening the scope of the risk. - FY2018RestatedAnnual report
「Violations of laws or regulations could affect operating results and other aspects of performance.」
The Company reiterates the risk of violations of laws and regulations that remains even after establishing a compliance system. - FY2017First statedAnnual report
「To establish a compliance system, the Company and its consolidated subsidiaries have developed codes of conduct and other rules, established bodies such as risk management committees, and promoted awareness activities aimed at operating in accordance with laws and corporate ethics. However, violations of laws or regulations could affect operating results and other aspects of performance.」
The Company describes violations of laws and regulations as a residual business risk despite having established a compliance system.