Risk of Strengthened Retail-Related Laws and Regulations and Regulatory Violations
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2022.
2 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group operates businesses subject to various legal regulations, including the Large-Scale Retail Stores Location Act; regulations under the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade concerning specified unfair trade practices in transactions between large-scale retailers and suppliers; the Act against Unjustifiable Premiums and Misleading Representations; the Act on Prevention of Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors; the Act on the Recycling of Specified Kinds of Home Appliances; and the Antique Dealings Act.」
The Group reaffirms the risk of business restrictions and reputational damage resulting from retail-related laws, tighter regulations and violations, and describes responses including the Sustainability Committee, code of conduct, employee training and legal consultations. - FY2021RestatedAnnual report
「The Group operates businesses subject to various legal regulations, including the Large-Scale Retail Stores Location Act; regulations under the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade concerning specified unfair trade practices in transactions between large-scale retailers and suppliers; the Act against Unjustifiable Premiums and Misleading Representations; the Act on Prevention of Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors; the Act on the Recycling of Specified Kinds of Home Appliances; and the Antique Dealings Act.」
The Group reaffirms the risk of business restrictions and reputational damage resulting from retail-related laws, tighter regulations and violations, and describes responses including the CSR Committee, code of conduct, employee training and legal consultations. - FY2020First statedAnnual report
「The Group operates businesses subject to various legal regulations, including the Large-Scale Retail Stores Location Act; regulations under the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade concerning specified unfair trade practices in transactions between large-scale retailers and suppliers; the Act against Unjustifiable Premiums and Misleading Representations; the Act on Prevention of Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors; the Act on the Recycling of Specified Kinds of Home Appliances; and the Antique Dealings Act.」
For multiple retail-related laws, the Group has organized the potential for business restrictions and reputational damage resulting from enactment of laws, tighter regulations and violations as new risks.