Loss Risk from Legal Violations and Misconduct
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2023.
Aizawa Securities Group moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 6 of 34 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「In addition, intentional illegal conduct by officers and employees is generally carefully concealed and may remain undiscovered for an extended period, and the Group may in the future be subject to claims for damages that affect its operating results. There is also the possibility of misconduct involving the improper use or leakage of non-public information and collusion with recipients of such information.」
The company has expanded the scope of risks related to legal violations and misconduct by specifically adding the concealment of intentional illegal conduct, improper use or leakage of non-public information, collusion, and disciplinary action by supervisory authorities. - FY2017RestatedAnnual report
「Although establishing internal controls and providing compliance training are effective measures to prevent illegal conduct by officers and employees, they do not guarantee the elimination of all illegal conduct.」
The company continues to recognize the risk that illegal conduct cannot be completely eliminated even with internal controls and training. - FY2016First statedAnnual report
「Although establishing internal controls and providing compliance training are effective measures to prevent illegal conduct by officers and employees, they do not guarantee the elimination of all illegal conduct.」
The company discloses the risk that illegal conduct by officers and employees cannot be entirely eliminated even with internal controls and training.