Litigation arising from regulatory compliance, contract interpretation, and defects
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our group is working to strengthen its compliance framework through meetings of the Compliance Committee, cooperation with outside experts, and the development of internal rules and manuals. However, our group may face lawsuits or other legal proceedings from third parties if it fails to respond promptly and appropriately to changes in laws and regulations, or due to discrepancies in the interpretation of contract terms.」
The risk of litigation arising from regulatory compliance, contract interpretation and defects in deliverables or services, together with response measures, continues to be disclosed. - FY2023RestatedAnnual report
「Our group is working to strengthen its compliance framework through meetings of the Compliance Committee, cooperation with outside experts, and the development of internal rules and manuals. However, our group may face lawsuits or other legal proceedings from third parties if it fails to respond promptly and appropriately to changes in laws and regulations, or due to discrepancies in the interpretation of contract terms.」
The risk of litigation arising from regulatory compliance, contract interpretation and defects, as well as the response through committees, experts and internal rules, was reconfirmed. - FY2022First statedAnnual report
「Our group is working to strengthen its compliance framework through meetings of the Compliance Committee, cooperation with outside experts, and the development of internal rules and manuals. However, our group may face lawsuits or other legal proceedings from third parties if it fails to respond promptly and appropriately to changes in laws and regulations, or due to discrepancies in the interpretation of contract terms.」
The risk of litigation arising from regulatory compliance, interpretation of contract terms, and defects in deliverables or services was newly disclosed.