Regulatory Risk Relating to the Civil Aeronautics Act and Operating Licenses
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2021.
2 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If we fail to comply with these regulations and other requirements, administrative sanctions could restrict our business activities and significantly affect our results.」
We have continued to comply with aviation laws, business permits, certified maintenance facilities and certificates of airworthiness, among other regulatory requirements, and to disclose the risk of administrative sanctions. - FY2017RestatedAnnual report
「However, failure to comply with these regulations and other requirements could result in the cancellation of licenses and other approvals, restricting the Company’s business activities and materially affecting results. As of the end of the fiscal year, there were no events relating to the cancellation of licenses or other approvals.」
We have continued to comply with aviation laws, business permits, certified maintenance facilities and certificates of airworthiness, among other regulatory requirements, and to disclose the risk of cancellation of permits and other authorizations in the event of violations. - FY2016First statedAnnual report
「However, failure to comply with these regulations and other requirements could result in the cancellation of licenses and other approvals, restricting the Company’s business activities and materially affecting results. As of the end of the fiscal year, there were no events relating to the cancellation of licenses or other approvals.」
The Company discloses the acquisition and renewal of business licenses, facility certifications and airworthiness certificates, as well as the risk of cancellation in the event of violations.