Risk of Responding to Legislative Amendments and Permit Revocations
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 3 of 8 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「As of the date of submission of this document, no grounds for cancellation of any licenses or permits have arisen. However, if new laws are enacted, existing laws and regulations are amended, or their interpretation changes, and the Company is unable to respond to new regulations in a timely and appropriate manner, or if its licenses and permits are cancelled, this could affect the Company's operating results and financial condition.」
While stating that no grounds for cancellation of licenses or permits have arisen, the Company reiterates the risk of delays in responding to amendments to laws and regulations and changes in their interpretation. - FY2021First statedAnnual report
「If new laws are enacted, existing laws and regulations are amended, or their interpretation changes, and the Company is unable to respond to new regulations in a timely and appropriate manner, or if its licenses and permits are cancelled, this could affect the Company's operating results and financial condition.」
The Company cites regulations including the Warehouse Business Act, the Motor Trucking Business Act and the Act on the Protection of Personal Information, and identifies delays in responding to regulations and cancellation of licenses and permits as risks.