Changes in the Internet Environment and Legal Regulations
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 2 of 16 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the sound development of Internet use is hindered by the introduction of new legal regulations concerning Internet use, such as stricter regulations on personal information, or by other unforeseen factors, this could affect our group’s business and results.」
The company continued identifying changes in the Internet environment and personal-information regulations as risks to customer acquisition and service delivery in its 2 main businesses. - FY2023RestatedAnnual report
「If the sound development of Internet use is hindered by the introduction of new legal regulations concerning Internet use, including stricter regulations on personal information, or by other unforeseen factors, this could affect our group’s business and results.」
The company continued disclosing changes in the Internet environment and regulations as business risks. - FY2021First statedAnnual report
「If the sound development of Internet use is hindered by the introduction of new legal regulations concerning Internet use, including stricter regulations on personal information, or by other unforeseen factors, this could affect our group’s business and results.」
This external-environment risk assumes that all 3 businesses use the Internet to acquire customers and provide services.