Application of Legal Regulations to the M&A Advisory Business
First written in FY2023. 1 of 3 entries say "Reframed", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2025Update to assessment of regulatory and guideline complianceAnnual report
「Likelihood: Low; expected timing: No specific timing; impact: Medium」
The likelihood of legal regulatory risk was assessed as low, with a medium impact. In addition to direct regulation, the disclosure identifies the possibility of increased operating burdens and cancellation of registration due to changes in registration requirements or strengthened guidelines. - FY2024ReframedAnnual report
「We currently believe that no direct legal regulations restricting the M&A advisory business exist. However, although it is not an essential requirement for operating an M&A brokerage business, there is the M&A Support Organization Registration System administered by the Small and Medium Enterprise Agency, as well as the Japan M&A Intermediary Association, an industry self-regulatory organization.」
The risk was specified more concretely, shifting from the possibility of future direct regulation to compliance with the M&A Support Organization Registration System and the self-regulatory organization, as well as the risk of losing registered-organization status due to changes in registration requirements and other factors. - FY2023First statedAnnual report
「However, if any legal regulations are applied to the M&A advisory business in the future, this may affect our business strategy and operating results.」
While no direct legal regulations are currently considered to exist, the application of regulations in the future is identified as a risk.