Railway business licensing and fare regulation
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2019.
2 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「These regulations may therefore restrict the group's railway business activities.」
The company continues to disclose legal and regulatory risks related to railway operating licenses and approvals for fares and charges. - FY2017RestatedAnnual report
「These regulations may therefore restrict the group's railway business activities.」
The company has reiterated the legal and regulatory risks relating to railway route licenses and fare and charge approvals. - FY2016First statedAnnual report
「Under the Railway Business Act, railway operators must obtain approval from the Minister of Land, Infrastructure, Transport and Tourism for each route they intend to operate and each type of railway business they intend to conduct under Article 3. They must also obtain approval from the Minister of Land, Infrastructure, Transport and Tourism to set or change passenger fares and charges under Article 16. These regulations may therefore restrict the group's railway business activities.」
The company identifies the possibility that legal regulations may constrain business activities as a risk.