Amendments to the Wholesale Market Act, Food Sanitation Act and other laws, and regulatory incidents
First written in FY2016. 2 of 8 entries say "Materialised", first in FY2019. Latest entry: FY2025.
Chuo Gyorui moved to the "Worse" side of this theme in 2019.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「Regulatory easing aimed at revitalising markets will have a significant impact on market operations and business performance over the medium to long term. The Company will respond by viewing regulatory easing as an opportunity rather than a threat, making maximum use of the respective capabilities of its Group companies and strengthening the seafood distribution functions both inside and outside the markets.」
The policy of viewing regulatory easing as an opportunity and responding by using the capabilities of Group companies to strengthen seafood distribution functions inside and outside the markets continues. - FY2023RestatedAnnual report
「Regulatory easing aimed at revitalising markets will have a significant impact on market operations and business performance over the medium to long term. The Company will respond by viewing regulatory easing as an opportunity rather than a threat, making maximum use of the respective capabilities of its Group companies and strengthening the seafood distribution functions both inside and outside the markets.」
The policy of viewing regulatory easing as an opportunity and responding by using the capabilities of Group companies to strengthen distribution functions inside and outside the markets continues. - FY2022MitigatedAnnual report
「Regulatory easing aimed at revitalising markets will have a significant impact on market operations and business performance over the medium to long term. The Company will respond by making maximum use of the respective capabilities of its Group companies and strengthening the seafood distribution functions both inside and outside the markets.」
While recognising the impact of regulatory easing, the Company continues to make use of the capabilities of its Group companies and strengthen distribution functions inside and outside the markets as countermeasures. - FY2021MitigatedAnnual report
「Regulatory easing aimed at revitalising markets will have a significant impact on market operations and business performance over the medium to long term. The Company will respond by making maximum use of the respective capabilities of its Group companies and strengthening the seafood distribution functions both inside and outside the markets.」
In response to the risk from regulatory easing following the amendment to the Wholesale Market Act, the Company explicitly identifies making use of the capabilities of its Group companies and strengthening distribution functions inside and outside the markets as countermeasures. - FY2020MaterialisedAnnual report
「The amendment to the Wholesale Market Act took effect in June 2020. Wholesale markets moved from the former licensing system to an accreditation system, and transaction rules for third-party sales, direct purchases from shippers and other transactions that had generally been prohibited can now be established by each market.」
The amendment to the Wholesale Market Act took effect, and the shift from a licensing system to an accreditation system and changes to transaction rules for third-party sales and direct purchases from shippers are described as actual institutional changes. - FY2019MaterialisedAnnual report
「The amendment to the Wholesale Market Act took effect in June 2019. Wholesale markets moved from the former licensing system to an accreditation system, and transaction rules for third-party sales, direct purchases from shippers and other transactions that had generally been prohibited can now be established by each market.」
The previous amendment bill is described as having reached the implementation stage, with the shift from a licensing system to an accreditation system and changes to transaction rules made specific. - FY2018Specific implementation of institutional reformsAnnual report
「In March 2018, the Government approved a bill to partially amend the Wholesale Market Act and submitted it to the Diet. If approved, it was to take effect in June 2020. The bill provided for wholesale markets to move from the former licensing system to an accreditation system, and allowed transaction rules for third-party sales, direct purchases from shippers and other transactions that had generally been prohibited to be established by each market, resulting in institutional reforms extending to the foundations of the traditional wholesale market system.」
The previously identified risk from legal amendments has been made specific through an amendment bill providing for a shift from a licensing system to an accreditation system and changes to transaction rules for third-party sales and direct purchases from shippers. - FY2016First statedAnnual report
「The Group's principal business, the wholesale seafood business, is subject to the Wholesale Market Act in terms of market distribution and to the Food Sanitation Act, the JAS Act and other regulations in terms of food handling. Accordingly, amendments to these laws or incidents related to these regulations could have a considerable impact on market operations and business performance.」
Regulatory requirements relating to both market transactions and food handling are identified as business risks.