Laws and Regulations Related to the Lodging and Real Estate Businesses
First written in FY2019. 6 of 7 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new businesses or other developments, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes concerning risks related to accommodation and real estate regulations. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new businesses or other developments, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes concerning risks related to accommodation and real estate regulations. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new businesses or other developments, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes concerning risks related to accommodation and real estate regulations. - FY2021RestatedAnnual report
「The Company's IoT business, including its smart hostel '&AND HOSTEL,' is subject to legal regulations including the Real Estate Brokerage Act, the Building Standards Act, the Inns and Hotels Act, the Fire Service Act and the Food Sanitation Act.」
The Company reiterates the risks arising from real estate, construction and accommodation-related regulations applicable to its hostel business. - FY2020RestatedAnnual report
「The Company's IoT business, including its smart hostel '&AND HOSTEL,' is subject to legal regulations including the Real Estate Brokerage Act, the Building Standards Act, the Inns and Hotels Act, the Fire Service Act and the Food Sanitation Act.」
The Company reiterates the risks arising from real estate, construction and accommodation-related regulations applicable to its hostel business. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new businesses or other developments, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company explicitly states that there have been no material changes concerning risks related to accommodation and real estate regulations. - FY2019First statedAnnual report
「The Company is also subject to legal regulations, including the Real Estate Brokerage Act and the Building Standards Act. Although the Company is taking thorough steps to ensure compliance, including with these laws and regulations, the introduction of new legal regulations, changes in the interpretation of existing regulations, amendments or abolition of regulations, or the occurrence of a serious legal or regulatory violation could affect the Company's business performance and other matters.」
The Company identifies as risks the laws and regulations governing hostel development and sales, including the Real Estate Brokerage Act and the Building Standards Act, as well as securing qualified personnel and legal or regulatory violations.