Domestic and international regulatory tightening and the cost of adapting the business
First written in FY2016. 11 of 16 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 22 of 73 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The Group has appointed a GCCO (Global Chief Compliance Officer) and RCCOs (Regional Chief Compliance Officers) for 4 regions worldwide in addition to Japan, and is advancing the development and establishment of systems and mechanisms to ensure that the Group and its directors and employees act in compliance with globally shared standards.」
Measures addressing domestic and international regulatory compliance risks through the GCCO, RCCOs for 4 regions, globally shared rules and monitoring continue. - FY2024RestatedAnnual report
「In Japan and other countries where the Group operates, we are required to comply with various regulations relating to business operations and investments, the safety of electrical and electronic products, national security and imports and exports, as well as commercial transactions, antitrust, patents, product liability, the environment and taxation.」
The approach of describing broad domestic and international regulatory compliance and the risks of higher costs and withdrawal resulting from regulatory tightening, rather than a specific investigation by competition authorities, continues. - FY2023RestatedAnnual report
「There are pending matters against us and certain subsidiaries. These matters include class actions filed in the United States and Canada over alleged violations of antitrust laws relating to HDD suspensions, but at this point it is difficult to reasonably estimate their financial impact.」
The recognition that class actions in the United States and Canada relating to HDD suspensions were pending and that their financial impact could not be reasonably estimated continues. - FY2022-Q2RestatedAnnual report
「These matters include class actions filed in the United States and Canada over alleged violations of antitrust laws relating to HDD suspensions, as well as damages claims filed by certain customers, but at this point it is difficult to reasonably estimate the financial impact of some of them.」
The disclosure that class actions in the United States and Canada and customer lawsuits relating to HDD suspensions were pending, and that their financial impact could not be reasonably estimated, continues. - FY2021MaterialisedAnnual report
「These matters include class actions filed in the United States and Canada over alleged violations of antitrust laws relating to HDD suspensions, as well as damages claims filed by certain customers, but at this point it is difficult to reasonably estimate their financial impact.」
It was stated that class actions in the United States and Canada and customer lawsuits relating to HDD suspensions were pending as regulatory and compliance risks. - FY2020RestatedAnnual report
「In Japan and other countries where the Group operates, we are required to comply with various regulations relating to business operations and investments, the safety of electrical and electronic products, national security and imports and exports, as well as commercial transactions, antitrust, patents, product liability, the environment and taxation.」
Compliance with domestic and international regulations, as well as the risks of higher costs and business withdrawal resulting from regulatory tightening, continued to be disclosed. - FY2019ReframedAnnual report
「In Japan and other countries where the Group operates, we are required to comply with various regulations relating to business operations and investments, the safety of electrical and electronic products, national security and imports and exports, as well as commercial transactions, antitrust, patents, product liability, the environment and taxation.」
For the full fiscal year, the disclosure returned from the specific investigation and orders relating to the HDD suspension business reported through the previous fiscal year to a general overview of compliance risks, including compliance with various domestic and international regulations and future regulatory tightening. - FY2018RestatedAnnual report
「Together with our subsidiaries, we applied in advance for the leniency program and, as this application was accepted, among other reasons, we were not subject to either a cease-and-desist order or a surcharge payment order.」
Regarding the competition authorities' investigation of the HDD suspension business, it was confirmed for the full fiscal year that we had not been subject to either a cease-and-desist order or a surcharge payment order. - FY2018-Q3MaterialisedAnnual report
「On 26 July 2016, we were subject to an on-site inspection by the Japan Fair Trade Commission over suspected violations of the Antimonopoly Act relating to the HDD suspension business, and have fully cooperated with the Commission's investigation since then. On 9 February 2018, the Commission issued a cease-and-desist order and a surcharge payment order to manufacturers and sellers of the relevant products, finding that violations of the Antimonopoly Act had occurred in this matter. Because we had applied in advance for the leniency program, we were granted an exemption from the surcharge and were not subject to a cease-and-desist order.」
Regarding the competition authorities' investigation of the HDD suspension business, manufacturers and sellers were issued a cease-and-desist order and a surcharge payment order for violations of the Antimonopoly Act. Meanwhile, we were granted an exemption from the surcharge under the leniency program and were not subject to a cease-and-desist order. - FY2018-Q2RestatedAnnual report
「Since July 2016, we have been investigated by competition authorities over suspected violations of the Antimonopoly Act relating to the HDD suspension business. At this point, it is difficult to reasonably predict the outcome of the investigation.」
The continuation of the competition authorities' investigation relating to the HDD suspension business and the difficulty of predicting its outcome have been reiterated. - FY2018-Q1RestatedAnnual report
「Since July 2016, we have been investigated by competition authorities over suspected violations of the Antimonopoly Act relating to the HDD suspension business. At this point, it is difficult to reasonably predict the outcome of the investigation.」
The continuation of the competition authorities' investigation of the HDD suspension business and the difficulty of predicting its outcome have been reconfirmed. - FY2017RestatedAnnual report
「In addition, since July 2016, we have been investigated by competition authorities over suspected violations of the Antimonopoly Act relating to the HDD suspension business. At this point, it is difficult to reasonably predict the outcome of the investigation.」
The continuation of the competition authorities' investigation relating to the HDD suspension business and the difficulty of predicting its outcome were also disclosed for the full fiscal year. - FY2017-Q3RestatedAnnual report
「Since July 2016, we have been investigated by competition authorities over suspected violations of the Antimonopoly Act relating to the hard disk drive (HDD) suspension business. At this point, it is difficult to reasonably predict the outcome of the investigation.」
The continuation of the competition authorities' investigation relating to the HDD suspension business and the difficulty of predicting its outcome were reiterated. - FY2017-Q2RestatedAnnual report
「Since July 2016, we have been investigated by competition authorities over suspected violations of the Antimonopoly Act relating to the hard disk drive (HDD) suspension business. At this point, it is difficult to reasonably predict the outcome of the investigation.」
The disclosure that the competition authorities' investigation relating to the HDD suspension business was ongoing and that its outcome could not be predicted was maintained. - FY2017-Q1MaterialisedAnnual report
「On 26 July 2016, the Japan Fair Trade Commission began an investigation of us based on suspicions of violations of the Antimonopoly Act relating to the HDD suspension business. At this point, it is difficult to reasonably predict the outcome of the investigation.」
With regard to the previously disclosed regulatory risks, including antitrust risks, it was stated that the Japan Fair Trade Commission had in fact begun an investigation relating to the HDD suspension business. - FY2016First statedAnnual report
「If regulations are tightened further in the future and this has a significant impact on our business development, it could lead to various increases in costs, while if we become unable to adapt to the regulations, we may partially withdraw from the relevant businesses.」
The scope includes a broad range of regulations covering safety, imports and exports, antitrust, intellectual property, product liability and the environment.