Business continuity risks from regulatory changes and violations
First written in FY2020. 8 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 12 of 84 companies on the "Worse" side.
- FY2024Organizational change to the Legal Affairs DepartmentAnnual report
「The group seeks to prevent these risks from materializing by establishing a Legal Affairs Department within its Administration Headquarters and a Compliance Committee, and by pursuing legal compliance based on the Tokyo Sangyo Group Code of Conduct.」
The description of the organization responsible for addressing regulatory risks has changed to state that a Legal Affairs Department has been established within the Administration Headquarters and a Compliance Committee has been established. - FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2023RestatedAnnual report
「The group seeks to prevent these risks from materializing by establishing a Legal Affairs Office within its Planning Headquarters and a Compliance Council under the Compliance Committee, and by pursuing legal compliance based on the Tokyo Sangyo Group Code of Conduct.」
It continues to identify business continuity risks from regulatory changes and violations and preventive measures involving the Legal Affairs Office, Compliance Council and Code of Conduct. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2022MitigatedAnnual report
「The group seeks to prevent these risks from materializing by establishing a Legal Affairs Office within its Planning Headquarters and a Compliance Council under the Compliance Committee, and by pursuing legal compliance based on its Code of Conduct for Officers and Employees.」
It explicitly described preventive measures against regulatory risks, including the Legal Affairs Office, Compliance Council and Code of Conduct for Officers and Employees. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding business continuity risks from regulatory changes and violations. - FY2020First statedAnnual report
「The group's businesses are subject to various laws and regulations, including the Construction Business Act, the Act against Delay in Payment of Subcontract Proceeds, the Foreign Exchange and Foreign Trade Act, the Export Trade Control Order and environmental laws and regulations. However, if these laws and regulations are amended, new regulations are introduced, or the group violates them, it may become difficult to continue its businesses and transactions, potentially adversely affecting its performance and financial condition.」
It described the possibility that amendments to, introduction of, or violations of construction, subcontracting, trade, export control and environmental laws and regulations could make it difficult to continue business.