Risk of Regulation Under the Real Estate Brokerage Act and License Revocation
First written in FY2016. 22 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 26 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group provides thorough employee training on legal compliance and works to establish a compliance framework, but violations of provisions stipulated by the Act and related laws and regulations could result in administrative sanctions, including license revocation. If sanctions such as license revocation are imposed, the Group's operating results could be affected.」
The disclosure continues to describe the regulations including the Real Estate Brokerage Act, the risk of license revocation and the response through employee training and the compliance framework. - FY2025RestatedAnnual report
「The Group provides thorough employee training on legal compliance and works to establish a compliance framework, but violations of provisions stipulated by the Act and related laws and regulations could result in administrative sanctions, including license revocation. If sanctions such as license revocation are imposed, the Group's operating results could be affected.」
The disclosure continues to describe the regulations including the Real Estate Brokerage Act, the risk of license revocation and the response through employee training and the compliance framework. - FY2024RestatedAnnual report
「The Group provides thorough employee training on legal compliance and works to establish a compliance framework, but violations of provisions stipulated by the Act and related laws and regulations could result in administrative sanctions, including license revocation. If sanctions such as license revocation are imposed, the Group's operating results could be affected.」
The disclosure continues to describe the regulations including the Real Estate Brokerage Act, the risk of license revocation and the response through employee training and the compliance framework. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2023RestatedAnnual report
「The Group provides thorough employee training on legal compliance and works to establish a compliance framework, but violations of provisions stipulated by the Act and related laws and regulations could result in administrative sanctions, including license revocation. If sanctions such as license revocation are imposed, the Group's operating results could be affected.」
The disclosure continues to describe the regulations including the Real Estate Brokerage Act, the risk of license revocation and the response through employee training and the compliance framework. - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2019RestatedAnnual report
「The businesses operated by the Group require licenses from the Minister of Land, Infrastructure, Transport and Tourism and prefectural governors.」
The disclosure continues to describe regulations including the Real Estate Brokerage Act, the possibility of administrative sanctions including license revocation and the compliance response. - FY2019-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding existing business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2018RestatedAnnual report
「The Group provides thorough employee training on legal compliance and works to establish a compliance framework, but violations of provisions stipulated by the Act and related laws and regulations could result in administrative sanctions, including license revocation. If sanctions such as license revocation are imposed, the Group's operating results could be affected.」
The disclosure continues to describe the regulations including the Real Estate Brokerage Act, the risk of license revocation and the response through employee training and the compliance framework. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding business and other risks, including regulations under the Real Estate Brokerage Act and the risk of license revocation. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding regulations including the Real Estate Brokerage Act and the risk of license revocation. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding regulations including the Real Estate Brokerage Act and the risk of license revocation. - FY2017RestatedAnnual report
「The businesses operated by the Group require licenses from the Minister of Land, Infrastructure, Transport and Tourism and prefectural governors. The Group provides thorough employee training on legal compliance and works to establish a compliance framework, but violations of provisions stipulated by the Act and related laws and regulations could result in administrative sanctions, including license revocation.」
The disclosure reiterates the regulations including the Real Estate Brokerage Act, the risk of license revocation and the response through employee training and the compliance framework. - FY2017-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding regulations including the Real Estate Brokerage Act and the risk of license revocation. - FY2017-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding regulations including the Real Estate Brokerage Act and the risk of license revocation. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure collectively states that there have been no material changes regarding regulations including the Real Estate Brokerage Act and the risk of license revocation. - FY2016First statedAnnual report
「The businesses operated by the Group require licenses from the Minister of Land, Infrastructure, Transport and Tourism and prefectural governors.」
The disclosure explains that the businesses are subject to regulations including the Real Estate Brokerage Act, and that violations could result in administrative sanctions or revocation of licenses.