Risk of amendments to and changes in the interpretation of real estate and financial regulations
First written in FY2017. 1 of 3 entries say "Worsened", first in FY2018. Latest entry: FY2019.
The whole theme swung hardest in 2017: 1 of 11 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「In the hospital-related business, medical corporations must strictly comply with a wide range of medical regulations, including the Medical Care Act and the Medical Practitioners' Act. Compliance with these medical regulations is therefore required. In peripheral businesses, compliance is also required with laws relating to accepting patients from overseas and receiving and dispatching medical staff.」
In addition to real estate and financial regulations, continued disclosure covers compliance with regulations concerning medical care, overseas patients and medical staff. - FY2018WorsenedAnnual report
「In addition to maintaining and managing hospitals, the newly launched hospital-related business requires compliance with medical regulations.」
In addition to existing real estate and financial regulations, compliance with medical regulations associated with the new hospital-related business has been added as a risk area. - FY2017First statedAnnual report
「If laws are amended or their interpretation changes in response to changes in social conditions, or if transactions resulting from failures to request checks or similar omissions are identified, the Group's business and operating results could be affected.」
The risks to the business and operating results from amendments to or changes in the interpretation of laws related to real estate, finance and money-lending businesses, as well as failures to conduct checks, are described.