Risk of Business Constraints under the Employment Security Act, Child Welfare Act and Other Applicable Laws
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 9 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company has obtained a license from the Minister of Health, Labour and Welfare under the Employment Security Act, and no circumstances requiring revocation of the license have arisen as of the present time. However, if the license is revoked or renewal is not approved in the future for any reason, or depending on amendments to or abolition of relevant laws and regulations or notifications from the Ministry of Health, Labour and Welfare, the Group's business activities may be restricted, potentially affecting its results.」
The risk of licensing and legislative changes relating to the fee-charging employment placement business remains. - FY2024SoftenedAnnual report
「The Company has obtained a license from the Minister of Health, Labour and Welfare under the Employment Security Act, and no circumstances requiring revocation of the license have arisen as of the present time. However, if the license is revoked or renewal is not approved in the future for any reason, or depending on amendments to or abolition of relevant laws and regulations or notifications from the Ministry of Health, Labour and Welfare, the Group's business activities may be restricted, potentially affecting its results.」
The disclosure has narrowed its focus from the previous description of the Employment Security Act, Child Welfare Act and other laws to licensing risks relating to the fee-charging employment placement business, for which no grounds for license revocation currently exist. The license is stated to be valid through 30 September 2028. - FY2023RestatedAnnual report
「If the license is revoked or renewal is not approved in the future for any reason, or depending on amendments to or abolition of relevant laws and regulations or notifications from the Ministry of Health, Labour and Welfare, the Group's business activities may be restricted, potentially affecting its results.」
The risk of business restrictions resulting from licensing and regulatory changes under the Employment Security Act and other laws remains. - FY2022RestatedAnnual report
「If the license is revoked or renewal is not approved in the future for any reason, or depending on amendments to or abolition of relevant laws and regulations or notifications from the Ministry of Health, Labour and Welfare, the Group's business activities may be restricted, potentially affecting its results.」
The risk of licensing and regulatory changes relating to the Employment Security Act, Child Welfare Act and other laws remains. - FY2021First statedAnnual report
「If the license is revoked or renewal is not approved in the future for any reason, or depending on amendments to or abolition of relevant laws and regulations or notifications from the Ministry of Health, Labour and Welfare, the Group's business activities may be restricted, potentially affecting its results.」
The disclosure identifies licensing and regulatory-change risks relating to the fee-charging employment placement business and unlicensed childcare facilities.