Compliance Violations and Regulatory Change Risk
First written in FY2021. 1 of 3 entries say "Reframed", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2025: 12 of 62 companies on the "Worse" side.
- FY2024RestatedAnnual report
「If changes to existing laws and regulations, new laws and regulations, or expansion of our business areas result in additional laws and regulations that the Group must comply with, the need for related investments and expenses may affect the Group’s operating results and financial condition.」
The risk of costs arising from responses to changes in or additions to laws and regulations and the expansion of business areas remains. - FY2022ReframedAnnual report
「In addition, changes to existing laws and regulations, new laws and regulations, or the expansion of business activities could result in additional laws and regulations that must be complied with. This could require investments and expenses to address them, potentially affecting the Group's operating performance and financial condition.」
In addition to the risk of violating laws and regulations, the disclosure now expressly covers changes to existing regulations, new regulations, additional regulations resulting from expanded business activities and the associated compliance costs, broadening the scope of the risk. - FY2021First statedAnnual report
「The Group is subject to various laws and regulations concerning product and service quality, transactions, the environment, labor, occupational health and safety, accounting standards and taxation. The Group is working to establish and maintain a compliance framework to comply with laws and regulations and conduct its business in accordance with social ethics. However, if violations of these laws and regulations are discovered or determined to have occurred, they could affect the Group's business plans, operating performance and financial condition.」
The impact on business plans, operating performance and financial condition of violations of laws and regulations and responding to new laws and regulations has been described as a new risk item.