BNPL Regulatory and Legal Interpretation Change Risks
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if regulations are introduced in the future through amendments to laws, changes in legal interpretation or the enactment of new laws affecting the services provided by the Group, it could become difficult to continue providing the services in their current form.」
The company has continued to disclose the risk of tighter regulation resulting from amendments to laws, changes in legal interpretation or the enactment of new laws. Litigation concerning the terms of use was separately disclosed as a specific risk. - FY2025RestatedAnnual report
「However, if regulations are introduced in the future through amendments to laws, changes in legal interpretation or the enactment of new laws affecting the services provided by the Group, it could become difficult to continue providing the services in their current form.」
The company has continued to disclose the risk of tighter regulation resulting from amendments to laws, changes in legal interpretation or the enactment of new laws. It also describes the test launch of atone installment payments under the Installment Sales Act and the launch of NP Handy Lending based on registration as a money lending business. - FY2022First statedAnnual report
「However, because the services provided by the Group are considered to constitute a “fintech” business, which is regarded as new in Japan, the introduction of regulations through future amendments to these laws, changes in legal interpretation or the enactment of new laws could make it difficult to continue providing the services in their current form.」
The company identifies tighter regulation resulting from amendments to the Money Lending Business Act, the Payment Services Act, the Installment Sales Act and other laws, changes in legal interpretation or the enactment of new laws as risks.