Tightening of Regulations Related to the Food Service Industry and Increase in the Consumption Tax Rate
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
0 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「If these legal regulations are strengthened, new compliance costs could arise and adversely affect the company’s and the Group’s performance and financial condition. In addition, if future tax reforms raise the consumption tax rate, personal consumption could decline, adversely affecting the company’s and the Group’s performance and financial condition.」
The company continues to identify the risks of stricter food-service regulations and higher consumption tax rates. - FY2017First statedAnnual report
「If these legal regulations are strengthened, new compliance costs could arise and adversely affect the company’s and the Group’s performance and financial condition. In addition, if future tax reforms raise the consumption tax rate, personal consumption could decline, adversely affecting the company’s and the Group’s performance and financial condition.」
The company identifies higher costs resulting from stricter regulations, including the Food Sanitation Act and Labor Standards Act, and lower personal consumption resulting from higher consumption tax rates as risks.