Risk Associated with Real Estate-Related Laws and Regulations, Licenses and Permits, and Changes to Relevant Systems
First written in FY2016. 16 of 17 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2019: 2 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes may materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and financial conditions described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2023RestatedAnnual report
「The Group's businesses are subject to legal regulations under the Building Lots and Buildings Transaction Business Act, the Construction Business Act, the Act on Real Estate Appraisal, the Regulations Governing Registration of Real Estate Investment Advisors, the Financial Instruments and Exchange Act, the Architects Act, the Security Services Act, the Act on Advancement of Proper Condominium Management, the Regulations Governing Registration of Rental Housing Management Companies, the Act on Maintenance of Sanitation in Buildings and other laws, and the Group has obtained the relevant licenses and permits.」
The disclosure continues to cover the business's dependence on multiple real estate-related laws and regulations, licenses and permits, and the possibility of effects from license revocation, legal amendments or repeals, and new regulations. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2019RestatedAnnual report
「The Group's businesses are subject to legal regulations under the Building Lots and Buildings Transaction Business Act, the Construction Business Act, the Act on Real Estate Appraisal, the Regulations Governing Registration of Real Estate Investment Advisors, the Financial Instruments and Exchange Act, the Architects Act, the Security Services Act, the Act on Advancement of Proper Condominium Management, the Regulations Governing Registration of Rental Housing Management Companies, the Act on Maintenance of Sanitation in Buildings and other laws, and the Group has obtained the relevant licenses and permits.」
The disclosure continues to cover the business's dependence on multiple real estate-related laws and regulations, licenses and permits, and the possibility of effects from license revocation, legal amendments or repeals, and new regulations. - 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.」
It is stated that there have been no new developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - 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.」
It is stated that there have been no new developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2018RestatedAnnual report
「The Group's businesses are subject to legal regulations under the Building Lots and Buildings Transaction Business Act, the Architects Act, the Construction Business Act, the Act on Real Estate Appraisal, the Regulations Governing Registration of Real Estate Investment Advisors, the Financial Instruments and Exchange Act, the Security Services Act, the Act on Advancement of Proper Condominium Management, the Act on Maintenance of Sanitation in Buildings and other laws, and the Group has obtained the relevant licenses and permits.」
The disclosure continues to cover the business's dependence on multiple real estate-related laws and regulations, licenses and permits, and the possibility of effects from license revocation, legal amendments or repeals, and new regulations. - 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.」
It is stated that there have been no new developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - 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.」
It is stated that there have been no new developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - 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.」
It is stated that there have been no new developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2017RestatedAnnual report
「The Group's businesses are subject to legal regulations under the Building Lots and Buildings Transaction Business Act, the Architects Act, the Construction Business Act, the Act on Real Estate Appraisal, the Regulations Governing Registration of Real Estate Investment Advisors, the Financial Instruments and Exchange Act, the Security Services Act, the Act on Advancement of Proper Condominium Management, the Act on Maintenance of Sanitation in Buildings and other laws, and the Group has obtained the relevant licenses and permits.」
The disclosure continues to cover the business's dependence on multiple real estate-related laws and regulations, licenses and permits, and the possibility of effects from license revocation, legal amendments or repeals, and new regulations. - 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.」
It is stated that there have been no new developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - 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.」
It is stated that there have been no additional developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - 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.」
It is stated that there have been no additional developments or material changes in the risks of responding to real estate-related laws and regulations, licenses and permits, and system changes. - FY2016First statedAnnual report
「The Group's businesses are subject to legal regulations under the Building Lots and Buildings Transaction Business Act, the Architects Act, the Construction Business Act, the Act on Real Estate Appraisal, the Regulations Governing Registration of Real Estate Investment Advisors, the Financial Instruments and Exchange Act, the Security Services Act, the Act on Advancement of Proper Condominium Management, the Act on Maintenance of Sanitation in Buildings and other laws, and the Group has obtained the relevant licenses and permits.」
The business depends on multiple licenses and permits covering real estate brokerage, construction, appraisal, financial instruments transactions, security services and condominium management, and states that revocation events, legal amendments or repeals, and new regulations may affect the business.