Risks Related to Permits and Licenses, Regulatory Changes, and Compliance Costs
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 4 of 13 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group conducts its business in compliance with laws and regulations, including the Installment Sales Act, the Secondhand Goods Business Act, the Road Transport Vehicle Act, the Act on the Protection of Personal Information, the Act against Unjustifiable Premiums and Misleading Representations, and the Act on Special Measures Concerning the Collection of Specified Monetary Claims by Servicers. No event has occurred as of the present time that would constitute grounds for revoking the relevant licences or permits.」
The Group continues to disclose the risks of licence and permit issues, regulatory changes and compliance costs, as well as the registration numbers and renewal status of its licences and permits and the absence of any event that would constitute grounds for revocation as of the present time. - FY2019RestatedAnnual report
「The Group conducts its business in compliance with laws and regulations, and no event has occurred as of the present time that would constitute grounds for revoking the relevant licences or permits.」
The Group continues to disclose the risks of licence revocation or non-renewal, regulatory changes and compliance costs, while explaining that no event has occurred as of the present time that would constitute grounds for revocation. - FY2018First statedAnnual report
「If the relevant licences and permits are revoked or cannot be renewed for any reason in the future, if laws, regulations, policies or business practices change, if the burden of compliance costs for measures such as compliance with the Act on the Protection of Personal Information increases, or if contracts fall under grounds for rescission or invalidity stipulated in the Consumer Contract Act, the Act on Specified Commercial Transactions or other laws, this could affect the Group’s operating performance and financial position.」
The Group identifies as risks the revocation or non-renewal of licences and permits required under the Installment Sales Act, the Secondhand Goods Business Act, the Road Transport Vehicle Act and other laws, regulatory changes and compliance costs.