Sun-Life Holding (7040) · RiskRestated
Risk of tighter regulation under the Installment Sales Act and suspension of licenses and permits
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2020.
2entries
2years
0from disclosures
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Compliance with Laws and Regulations Related to the Installment Sales and Credit Purchase Intermediation BusinessA theme 8 companies write about · 8 as a headwind · 0 as a tailwind
4 other companies' latest entry also says "Restated".
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Full recordFilings, disclosures and news, newest first
- FY2020RestatedAnnual report
「As of the end of fiscal year ended March 2020, advances received under prepaid specified transactions amounted to ¥26,848 million.」
The company continues to disclose regulatory risks relating to mutual aid advances received and the licenses, safeguarding requirements and financial soundness requirements under the Installment Sales Act. - FY2019First statedAnnual report
「If the licenses for the businesses of the company or similar entities are revoked or suspended for any reason, or if the relevant laws and regulations are amended or tightened, resulting in new costs to comply with them, this could affect the group's business operations, performance, financial condition and other matters.」
The company identifies as risks the revocation or suspension of licenses related to the mutual aid business, amendments to or tightening of regulations, and the resulting new costs.