Restrictions on Business Activities Due to Legal Regulations, Including Fare Approvals
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2020.
Kobe Electric Railway moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「It is difficult to predict the introduction or amendment of laws, regulations, policies and accounting standards and their effects. If these laws and regulations restrict business activities, they may affect the financial position and operating results of our Group.」
The scope of the risk was expanded from the previous focus on fare approvals and similar matters to the effects of any new laws, regulations, policies and accounting standards and amendments thereto. - FY2019RestatedAnnual report
「These legal and other regulations may restrict the business activities of our Group.」
We continue to disclose the possibility of restrictions on business activities due to legal regulations, including fare approvals for railway, bus and taxi services. - FY2018RestatedAnnual report
「These legal and other regulations may restrict the business activities of our Group.」
We continue to disclose the possibility of restrictions on business activities due to legal regulations, including fare approvals for railway, bus and taxi services. - FY2017First statedAnnual report
「When setting fares for railway and bus services, an upper limit must be established, and approval from the Ministry of Land, Infrastructure, Transport and Tourism is required to change it. Taxi fares are subject to upper and lower limits within each operating area, and approval from the Ministry of Land, Infrastructure, Transport and Tourism is required for changes outside that range. These legal and other regulations may restrict the business activities of our Group.」
The risk that legal regulations governing fare setting for railway, bus and taxi services may restrict business activities.