Business restrictions due to stricter regulations and violations
First written in FY2016. 6 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 12 of 85 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The Group strives to comply with applicable laws and regulations. However, if the Group encounters difficulties in responding to these laws and regulations, or incurs additional costs as a result of tighter or amended regulations or the introduction of new regulations, this could affect the Group’s operating results and financial position.」
The risk of difficulties in responding to regulations, regulatory tightening and amendments, new regulations, and additional costs continues to be disclosed. - FY2021RestatedAnnual report
「The Group strives to comply with applicable laws and regulations. However, if for any reason it is determined in the future that the Group has violated its legal obligations and the Group’s business activities are restricted or suspended, or if the laws and regulations relevant to the Group’s business are tightened or amended, or new regulations are introduced or added, causing the Group’s business not to progress as planned or resulting in significant additional expenses, this could affect the Group’s operating results and financial position.」
It continues to report the risks of business restrictions and additional costs arising from stricter or amended laws and regulations and regulatory violations. - FY2020RestatedAnnual report
「The Group endeavors to comply with all applicable laws and regulations. However, if, for any reason, it is determined to have violated a legal obligation and its business activities are restricted or suspended, or if the laws and regulations related to its business activities are strengthened or amended, or new laws and regulations are introduced or added, causing the Group's business not to progress as planned or resulting in substantial expenses, these events could affect the Group's operating results and financial condition.」
It continues to report the risks of business restrictions and additional costs arising from stricter or amended laws and regulations and regulatory violations. - FY2019RestatedAnnual report
「The Group endeavors to comply with all applicable laws and regulations. However, if, for any reason, it is determined to have violated a legal obligation and its business activities are restricted or suspended, or if the laws and regulations related to its business activities are strengthened or amended, or new laws and regulations are introduced or added, causing the Group's business not to progress as planned or resulting in substantial expenses, these events could affect the Group's operating results and financial condition.」
It continues to report the risks of business restrictions and additional costs arising from stricter or amended laws and regulations and regulatory violations. - FY2019-Q3RestatedAnnual report
「However, environmental regulations in China are being strengthened rapidly, and cases have been occurring one after another in which companies have been unable to respond fully and have been subject to fines or restrictions or suspension of production for regulatory violations.」
It continues to report the legal and regulatory risk that inadequate responses to stricter environmental regulations may result in penalties and production restrictions or suspension orders. - FY2019-Q2WorsenedAnnual report
「However, environmental regulations in China are being strengthened rapidly, and cases have been occurring one after another in which companies have been unable to respond fully and have been subject to fines or restrictions or suspension of production for regulatory violations.」
It reports that stricter environmental regulations have resulted in concrete business restrictions, including penalties and production restrictions or suspension orders for regulatory violations. - FY2019-Q1MaterialisedAnnual report
「In response to stricter environmental regulations imposed by the Chinese authorities, all 3 plants successively required environmental investments, including the installation of high-performance dust collection equipment and new wastewater treatment equipment for painting operations」
Stricter environmental regulations actually required additional investment at the 3 plants in China, including the installation of dust collection and wastewater treatment equipment. - FY2018MaterialisedAnnual report
「The strengthening of environmental regulations also had a significant impact on the production activities of factories, including those operated by Japanese companies, through substantial expenditures on capital investment to address VOCs and dust, as well as production stoppages.」
It reports that stricter environmental regulations have resulted in business impacts associated with compliance, including additional capital investment, higher costs and production suspensions. - FY2018-Q3MaterialisedAnnual report
「The strengthening of environmental regulations also had a significant impact on the production activities of factories, including those operated by Japanese companies, with small and medium-sized factories closing one after another.」
Stricter environmental regulations have actually resulted in the closure of small and medium-sized factories and impacts on factory production activities, giving concrete form to the business effects of regulatory compliance. - FY2018-Q2MaterialisedAnnual report
「Customers, including developers, are raising their required standards for quality, price and delivery times each year. In response to rising manufacturing costs driven by environmental regulations and other factors, we have worked across all departments to improve production efficiency.」
Stricter environmental regulations have actually resulted in higher manufacturing costs, requiring a response through production efficiency improvements. - FY2017RestatedAnnual report
「The Group's business is subject to various laws and regulations, including the Product Liability Act, Industrial Safety and Health Act, Construction Business Act (license name: General Construction Business, license no. 19464, valid until 24 January 2030) and trade control regulations.」
It continues to report the risks to the business arising from compliance with regulations concerning manufacturing, occupational safety, the construction industry, trade controls and other matters, as well as from stricter or amended regulations. - FY2017-Q2WorsenedAnnual report
「In China, environmental regulations have been introduced, including the revised Air Pollution Control Law that took effect in January this year, incorporating emergency measures for responding to "severely polluted weather." In addition to central government laws, there are numerous provincial and municipal ordinances and notices, and the relevant supervisory authorities are diverse, making compliance and the resulting environmental costs important management issues.」
With respect to environmental regulations in China, compliance with revised laws as well as provincial and municipal ordinances and notices and requirements from multiple supervisory authorities has become necessary, making environmental costs a concrete and important management issue. - FY2016First statedAnnual report
「If, for any reason, the Group is determined to have violated a legal obligation and its business activities are restricted or suspended, or if the laws and regulations related to its business activities are strengthened or amended, or new laws and regulations are introduced or added, causing the Group's business not to progress as planned or resulting in substantial expenses, these events could affect the Group's operating results and financial condition.」
It reports compliance with regulations concerning product liability, occupational health and safety, the construction industry, trade controls and other matters, as well as the effects of regulatory changes.