Risk of Revocation or Failure to Renew Real Estate and Construction-Related Licenses and Permits
First written in FY2019. 2 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 7 of 27 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「No grounds for cancellation of the relevant licences, registrations or permits have currently arisen, but if any of these licences, registrations or permits are cancelled or otherwise withdrawn in the future for any reason, this could affect the Group's business performance and financial condition.」
The Company continues to address the risk that cancellation of licences and permits or failure to renew them could affect the business through legal compliance, self-checks and internal audits. - FY2021RestatedAnnual report
「No grounds for cancellation of the relevant licences, registrations or permits have currently arisen, but if any of these licences, registrations or permits are cancelled or otherwise withdrawn in the future for any reason」
The Company continues to disclose the risk that cancellation of licences and permits or failure to renew them could affect business continuity, along with its responses through legal compliance, self-checks and internal audits. - FY2019First statedAnnual report
「If any licences or permits are cancelled or otherwise withdrawn in the future for any reason, this could disrupt the Group's core business activities and have a material impact on its business performance.」
The disclosure states that cancellation or other withdrawal of the real estate transaction business licence, construction business licence, first-class architect office registration, or condominium management business registration could affect the core business.