Growing Demand for Institutional Guarantees Following Civil Code Amendments
First written in FY2019. 5 of 8 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Updated the guarantee business's revenue dependenceAnnual report
「Revenue from the guarantee business was ¥11,049,738 thousand in FY2026, accounting for 90.0% of total revenue.」
Revenue from the guarantee business, which may be affected by legal and other regulations, was ¥11,049,738 thousand, or 90.0% of total revenue. The policy of responding through membership in industry associations and consultations with outside legal counsel remains in place. - FY2024-Q3RestatedAnnual report
「During the third quarter consolidated cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the existing principal risk, including changes in demand for institutional guarantees resulting from amendments to the Civil Code. - FY2023-Q3RestatedAnnual report
「During the third quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the principal risk disclosed for the previous fiscal year, including changes in demand for institutional guarantees resulting from amendments to the Civil Code. - FY2023-Q2RestatedAnnual report
「During the second quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the principal risk disclosed for the previous fiscal year, including changes in demand for institutional guarantees resulting from amendments to the Civil Code. - FY2023-Q1RestatedAnnual report
「During the first quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the principal risk disclosed for the previous fiscal year, including changes in demand for institutional guarantees resulting from amendments to the Civil Code. - FY2021-Q1RestatedAnnual report
「Meanwhile, amendments to the Civil Code are expected to result in a further increase in the proportion of rental properties using rent guarantee companies.」
The view of the business environment that the proportion of institutional guarantees and rent guarantee companies used will continue to increase against the backdrop of amendments to the Civil Code remains unchanged. - FY2020AdvancedAnnual report
「The amended Civil Code, which took effect on 1 April 2020, requires a maximum guarantee amount to be specified contractually when an individual serves as a joint and several guarantor. The Company therefore recognizes that demand for institutional guarantees is expected to continue growing.」
The effective date of the amended Civil Code was specified, indicating that the requirement to set a maximum amount for individual joint and several guarantors had entered the implementation stage. Rising demand for institutional guarantees was positioned as a tailwind for rent, nursing-care and medical-expense guarantees. - FY2019First statedAnnual report
「Demand for institutional guarantees is expected to continue growing, partly because amendments to the Civil Code require a maximum guarantee amount to be specified for individual joint and several guarantors.」
The business environment is described as favorable for growing demand for institutional guarantees, against the backdrop of the requirement under the amended Civil Code to specify a maximum amount for individual joint and several guarantors.