Increase in Complaints Regarding Structured Bonds and Review of Sales Policies
First written in FY2023. 2 of 5 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2022: 2 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「In the current interim accounting period, fees received by the bonds division declined significantly compared with the previous interim accounting period, during which structured bonds were sold through the first quarter accounting period.」
The continued disclosure of lower fees in the bonds division following the suspension of structured bond sales. - FY2024-Q3RestatedAnnual report
「Meanwhile, the bonds division has not sold structured bonds since July, resulting in lower fees than in the same period of the previous year.」
The company reconfirmed that it has not sold structured bonds since July in response to the increase in complaints concerning structured bonds and revisions to guidelines and other rules by self-regulatory organizations. - FY2024-Q2MitigatedAnnual report
「Meanwhile, the bonds division has not sold structured bonds since July, resulting in lower fees than in the same period of the previous year.」
The company specified that it had stopped selling structured bonds from July in response to the increase in complaints concerning structured bonds and revisions to guidelines and other rules by self-regulatory organizations. - FY2024-Q1AdvancedAnnual report
「Regarding the sale of structured bonds, self-regulatory organizations have revised their guidelines and other rules, which will apply from July.」
The effective timing, from July, of revisions to guidelines and other rules by self-regulatory organizations concerning structured bonds was specified. - FY2023First statedAnnual report
「As complaints concerning structured bonds have increasingly been submitted to designated dispute resolution institutions, self-regulatory organizations have decided to revise their guidelines and other rules. In response, the company is reviewing its sales policy for yen-denominated bonds with conversion provisions linked to the shares of other companies and yen-denominated bonds linked to the Nikkei Stock Average.」
The increase in complaints concerning structured bonds, which led to revisions of guidelines and other rules by self-regulatory organizations, and the company's review of its sales policy were newly described as a risk and response.