Legal and Regulatory Risks in Mobile Phone Sales
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 3 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2023Additional response to policies and guidelinesAnnual report
「In addition, the Group's business performance could be affected if it fails to respond appropriately to changes in laws and regulations, including policies promoted by government agencies such as the Ministry of Internal Affairs and Communications and the establishment or revision of guidelines.」
In addition to the conventional risk of violations of laws and regulations, the company explicitly identifies inadequate responses to policies promoted by government agencies and the establishment or revision of guidelines as potential channels of impact. - FY2022RestatedAnnual report
「To comply with the laws and regulations described above, the Group is working to strengthen employee education, including training and awareness programs. However, if these laws and regulations are violated, the Group may face a loss of trust, penalties such as suspension of operations, termination of agency agreements, and claims for damages, which could affect the Group's business performance.」
The company continues to describe its response to laws and guidelines governing mobile phone sales, employee education, and the risk of an impact on business performance in the event of violations. - FY2022-Q1RestatedAnnual report
「In the mobile business, amid major changes in the business environment, including the emergence of low-cost plans sold online in response to the government's requests for lower communication charges」
The company continues to recognize the government's requests for lower communication charges and the emergence of low-cost plans sold online as changes in the external environment for the mobile business. - FY2021-Q2RestatedAnnual report
「In the mobile business, amid major changes in the external environment, including regulatory amendments, we closed 9 multi-brand stores in order to focus on operating highly profitable stores for smartphone sales. As a result, net sales declined.」
The company continues to recognize changes in the external environment resulting from legislative changes and other developments. It states that there have been no material changes in business and other risks. - FY2020RestatedAnnual report
「Agency operations involving the sale of mobile phones and other products are subject to relevant laws and regulations, including the Telecommunications Business Act, the Act on the Protection of Personal Information, and the Act on Prevention of Unauthorized Use of Mobile Phones.」
The company continues to recognize the risks associated with responding to laws and regulations, legislative changes, and guidelines issued by government agencies concerning mobile phone sales. - FY2020-Q1RestatedAnnual report
「Amid major changes in the business environment ahead of the implementation this autumn of legislative changes requiring, among other things, the separation of mobile phone handset prices and communication charges, as well as limits on cancellation fees」
The company describes legislative changes and changes to pricing rules affecting mobile phone sales as changes in the business environment. It states that there have been no material changes in business and other risks. - FY2019RestatedAnnual report
「To comply with the laws and regulations described above, the Group is working to strengthen employee education, including training and awareness programs. However, if these laws and regulations are violated, the Group may face a loss of trust, penalties such as suspension of operations, termination of agency agreements, and claims for damages.」
The company continues to describe its response to laws and guidelines governing mobile phone sales and risk mitigation through employee education. - FY2018MitigatedAnnual report
「To comply with the laws and regulations described above, the Group is working to strengthen employee education, including training and awareness programs.」
The company explicitly identifies employee training and awareness programs as measures to address legal and regulatory risks and risks from legislative changes. - FY2016First statedAnnual report
「Agency operations involving the sale of mobile phones and other products are subject to relevant laws and regulations, including the Telecommunications Business Act, the Act on the Protection of Personal Information, and the Act on Prevention of Unauthorized Use of Mobile Phones.」
The company identifies the potential for violations of laws and regulations or inadequate responses to legislative changes to reduce trust, suspend operations, terminate contracts, lead to claims for damages, and affect business performance.