Uncertainty Surrounding Approval for New Lines of Business and Expansion of Business Scope
First written in FY2016. 3 of 5 entries say "Mitigated", first in FY2017. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「From this date onward, approval procedures for new businesses are no longer required, and the system has shifted to a notification regime (*).」
The disclosure details the completed transition from an approval regime to a notification regime for new businesses, together with the businesses subject to notification and the need to consider competition and user protection. - FY2026-H1MitigatedAnnual report
「From this date onward, the approval is no longer required. Instead, the Bank must notify the Prime Minister and the Minister for Internal Affairs and Communications that it will commence the new business and provide details of the business, and must give particular consideration to ensuring that fair competition with other financial institutions and other entities and the appropriate provision of services to users are not impeded.」
From 27 June 2025, approval procedures for new businesses were no longer required and the system shifted to a notification regime. While the uncertainty surrounding approval has decreased, notification and consideration for competition and user protection remain necessary. - FY2019RestatedAnnual report
「If the Bank's group seeks to conduct new businesses to obtain new revenue opportunities, it may be unable to obtain the approvals and other authorisations required by the Postal Service Privatization Act and the Banking Act in a timely manner.」
The disclosure continues to describe the uncertainty surrounding approval for new businesses and the withdrawal of the previous applications for corporate and retail lending and other businesses. - FY2017MitigatedAnnual report
「In addition, on 31 March 2017, the Bank applied for approval to conduct new businesses comprising overdraft services, businesses relating to collaboration with regional financial institutions and market investment-related businesses, based on the three pillars of providing high-quality financial services centered on customers, circulating funds to local communities and elsewhere, and enhancing and diversifying fund management, with a view to further increasing the Bank's corporate value. The Bank obtained approval on 19 June of the same year. At the time of applying for approval for the above new businesses, it withdrew the application submitted on 3 September 2012 for bilateral corporate lending, retail lending such as housing loans and other businesses.」
The application for approval covering 3 new business areas was approved on 19 June 2017, while the 2012 application for corporate and retail lending and other businesses was withdrawn. - FY2016First statedAnnual report
「To improve customer convenience and strengthen its earning power, the Bank applied on 3 September 2012 for approval to conduct new businesses, including bilateral corporate lending and retail lending such as housing loans. However, as of the end of the fiscal year, the approval had not been obtained.」
The disclosure states that approval for the new businesses applied for had not been obtained as of the end of the fiscal year.