Violations of Laws and Regulations and Japan Fair Trade Commission Inspections
First written in FY2016. 1 of 3 entries say "Materialised", first in FY2016. Latest entry: FY2020.
Takashima & moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 2 of 15 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「We conduct our day-to-day operations in accordance with our company policy of compliance. If a problem is discovered, we will implement measures to prevent recurrence, including disciplinary action and commendations where appropriate, and take steps to rectify the situation.」
Although there is no specific description of the Japan Fair Trade Commission’s on-site inspection, the company expressly describes measures to prevent recurrence, including disciplinary action and commendations, as a general response to the risk of violating laws and regulations. - FY2018SoftenedAnnual report
「The businesses operated by our group are subject to various laws and regulations, including the Construction Business Act, the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors and the Antimonopoly Act. If our group engages in illegal conduct, this may affect our operating results and financial condition.」
The on-site inspection by the Japan Fair Trade Commission, which had been described previously, was not reiterated in this filing; instead, the company describes the general possibility of violations of laws and regulations. - FY2016MaterialisedAnnual report
「Highland Techno Co., Ltd., our consolidated subsidiary, was subject to an on-site inspection by the Japan Fair Trade Commission on 1 March 2016 in connection with transactions involving textile products made using flame-retardant vinylon or vinylon as materials, ordered by the Acquisition, Technology & Logistics Agency. Together with Highland Techno Co., Ltd., we will continue to cooperate fully with the Japan Fair Trade Commission’s inspection.」
In addition to describing legal and regulatory risk, the company states that its subsidiary was subject to an on-site inspection by the Japan Fair Trade Commission.