Risk from Amendments, Repeals and New Enactments of Laws and Regulations
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
Es-Con Japan moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2022-Q2WorsenedAnnual report
「In January 2022, the Company made FUEL Co., Ltd. (hereinafter, “FUEL”), which operates online funds and provides systems to operators of crowdfunding businesses under the Act on Specified Joint Real Estate Ventures, a subsidiary. Its licenses and permits are as follows.」
Following the acquisition of FUEL as a subsidiary, the Company disclosed exposure to financial regulations and licensing requirements, including the Type II Financial Instruments Business, in addition to existing real estate-related regulations. Specific grounds for cancellation of registration are also described. - FY2018RestatedAnnual report
「Depending on the abolition, revision or enactment of new legal regulations, these changes may affect the operating results of the Group.」
The potential impact of the abolition or revision of real estate- and finance-related laws and regulations and the introduction of new regulations continues to be disclosed. - FY2017RestatedAnnual report
「As a real estate business operator, the Group conducts real estate sales and related businesses under licenses obtained pursuant to the Real Estate Brokerage Act, the Act on the Promotion of Proper Condominium Management and other laws. Depending on the abolition or revision of these laws and regulations, or the enactment of new legal regulations, the operating results of the Group may be affected.」
The potential impact of the abolition or revision of real estate-related laws and regulations and the introduction of new regulations continues to be disclosed. - FY2016First statedAnnual report
「Depending on the abolition, revision or enactment of new legal regulations, these changes may affect the operating results of the Group.」
The abolition or revision of real estate- and finance-related laws and regulations, and the enactment of new regulations, are identified as risks that may affect operating results.