Risk of Business Suspension or License Revocation for Violations of the Secondhand Goods Business Act
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company conducts business in compliance with the Act by providing thorough internal training on the Act, verifying the identity of sellers as required by the Act and rigorously managing its secondhand goods ledgers, and believes that no event has occurred that would impede business continuity.」
The compliance structure based on training concerning the Antique Business Act, identity verification and management of secondhand goods ledgers continues. - FY2021RestatedAnnual report
「The Company conducts business in compliance with the Act by providing thorough internal training on the Act, verifying the identity of sellers as required by the Act and rigorously managing its secondhand goods ledgers, and believes that no event has occurred that would impede business continuity.」
The compliance structure based on training concerning the Antique Business Act, identity verification and management of secondhand goods ledgers continues. - FY2020MitigatedAnnual report
「The Company buys and sells secondhand goods under a secondhand goods dealer’s license and operates a market for transactions in secondhand goods among secondhand goods dealers under a secondhand goods market operator’s license. The Company conducts its business in compliance with the Act, including thorough internal training, verifying the identity of sellers as required by the Act and rigorously managing its secondhand goods ledgers, and believes that no event has occurred that would impede business continuity.」
The Company conducts internal training on the Antique Business Act, identity verification and management of secondhand goods ledgers, and states that it believes no event has occurred that would impede business continuity. - FY2019First statedAnnual report
「However, if an incident occurs in the future that violates the Act and results in the revocation of a license or other action, the Group’s performance may be affected.」
The possibility of suspension of operations or revocation of licenses for violations of the Antique Business Act is described as a new regulatory risk.