Risk of Revocation of Licenses and Permits for the Worker Dispatch Business and Violations of Laws and Regulations
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 2 of 23 companies on the "Worse" side.
42 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our group is working to ensure thorough compliance and to educate employees about and disseminate information on relevant laws and regulations. Accordingly, as of the date of submission of this document, we are not aware of any factors preventing the continuation of these licenses and permits. However, if a legal violation or other breach occurs and the company becomes subject to a disqualification ground, violates the conditions attached to a license, or violates the provisions of the Worker Dispatching Act or Employment Security Act, or an order or disposition based on those provisions, including Article 14 of the Worker Dispatching Act, penalties such as revocation of licenses and permits by the relevant authorities could have a material adverse effect on the business and operating performance of our group.」
While stating that it is not aware of any impediment to the continuation of its licenses and permits, the company continues to disclose the risk of revocation due to legal violations or other breaches. - FY2023RestatedAnnual report
「Our group is working to ensure thorough compliance and to educate employees about and disseminate information on relevant laws and regulations. Accordingly, as of the date of submission of this document, we are not aware of any factors preventing the continuation of these licenses and permits. However, if a legal violation or other breach occurs and the company becomes subject to a disqualification ground, violates the conditions attached to a license, or violates the provisions of the Worker Dispatching Act or Employment Security Act, or an order or disposition based on those provisions, including Article 14 of the Worker Dispatching Act, penalties such as revocation of licenses and permits by the relevant authorities could have a material adverse effect on the business and operating performance of our group.」
While stating that it is not aware of any impediment to the continuation of its licenses and permits, the company continues to disclose the risk of revocation or other action due to legal violations, as well as the 5-year renewal cycle and each company's expiration date. - FY2022RestatedAnnual report
「Our group is working to ensure thorough compliance and to educate employees about and disseminate information on relevant laws and regulations. Accordingly, as of the date of submission of this document, we are not aware of any factors preventing the continuation of these licenses and permits. However, if a legal violation or other breach occurs and the company becomes subject to a disqualification ground, violates the conditions attached to a license, or violates the provisions of the Worker Dispatching Act or Employment Security Act, or an order or disposition based on those provisions, including Article 14 of the Worker Dispatching Act, penalties such as revocation of licenses and permits by the relevant authorities could have a material adverse effect on the business and operating performance of our group.」
While stating that it is not aware of any impediment to the continuation of its licenses and permits, the company continues to disclose the risk of revocation or other action due to legal violations. - FY2021First statedAnnual report
「The relevant licenses are renewed every 5 years. ...If a legal violation or other breach occurs and the company becomes subject to a disqualification ground, violates the conditions attached to a license, or violates the provisions of the Worker Dispatching Act or Employment Security Act, or an order or disposition based on those provisions, penalties such as revocation of licenses and permits by the relevant authorities could have a material adverse effect on the business and operating performance of our group.」
The company has disclosed the renewal of licenses and permits for the staffing business and the risk that they may be revoked due to legal violations or other breaches as material risks.