Disqualification Grounds for a Real Estate Transaction Business License and Resumption of Operations
First written in FY2023. 1 of 2 entries say "Materialised", first in FY2023. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to existing risks, and identifies no new material changes concerning the risk of disqualification from holding a real estate brokerage license or the resumption of operations. - FY2023MaterialisedAnnual report
「On 15 September 2022, the company discovered that a former director had received a suspended prison sentence following a conviction for violating the Road Traffic Act (speeding), and recognized that this constituted grounds for disqualification from holding a real estate brokerage license. Accordingly, on 31 October 2022, it notified the relevant supervisory authority that it was discontinuing the business under the license. Subsequently, on 2 December 2022, it obtained a new Tokyo Governor's license for the real estate brokerage business and resumed operations.」
The former officer's conviction resulted in actual disqualification from holding a real estate brokerage license, leading to voluntary discontinuation of the licensed business, re-acquisition of the license and resumption of operations. The company describes officer training, renewed confirmation of disqualifying grounds and the rebuilding of a regular review system as measures to prevent recurrence.