Legal and Regulatory Violations and Higher Regulatory Compliance Costs
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2026.
Heiwado moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 6 of 34 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Group's sale of food products is subject to regulations including the JAS Act, the Act against Unjustifiable Premiums and Misleading Representations, and the Food Labeling Act. The Group seeks to ensure safe and reliable product labeling by introducing systems that comply with these regulations. However, if labeling is not appropriate, its financial position and operating results could be affected by administrative sanctions, litigation risk and damage to its brand.」
The disclosure has been made more specific, extending from general descriptions of legal violations and compliance costs to food labeling systems, administrative sanctions, litigation and brand damage. - FY2023RestatedAnnual report
「The Company conducts its business with due regard for laws and regulations concerning large-scale retail stores, antitrust, food safety, the environment and recycling, among others. However, if a violation of any of these laws or regulations were to occur, its business activities could be restricted. Management costs could also increase in order to comply with legal and regulatory requirements.」
The disclosure continues to disclose the risks of violations of laws and regulations concerning retail stores, competition, food safety, and the environment and recycling, as well as regulatory compliance costs. - FY2019RestatedAnnual report
「The Company conducts its business with due regard for laws and regulations concerning large-scale retail stores, antitrust, food safety, the environment and recycling, among others. However, if a violation of any of these laws or regulations were to occur, its business activities could be restricted. Management costs could also increase in order to comply with legal and regulatory requirements.」
The disclosure continues to disclose violations of regulations concerning retail stores, antitrust, food safety, and the environment and recycling, as well as related compliance costs. - FY2018RestatedAnnual report
「The Company conducts its business with due regard for laws and regulations concerning large-scale retail stores, antitrust, food safety, the environment and recycling, among others. However, if a violation of any of these laws or regulations were to occur, its business activities could be restricted. Management costs could also increase in order to comply with legal and regulatory requirements.」
The disclosure continues to identify violations of regulations concerning retail stores, antitrust, food safety, and the environment and recycling, as well as related compliance costs, as risks. - FY2017First statedAnnual report
「The Company conducts its business with due regard for laws and regulations concerning large-scale retail stores, antitrust, food safety, the environment and recycling, among others. However, if a violation of any of these laws or regulations were to occur, its business activities could be restricted. Management costs could also increase in order to comply with legal and regulatory requirements.」
The disclosure identifies violations of regulations concerning retail stores, antitrust, food safety, and the environment and recycling, as well as related compliance costs, as risks.