Business Continuity Risk from Cancellation or Expiration of Construction Licenses
First written in FY2016. 10 of 12 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Article 3, paragraph 3 of the Construction Business Act provides: “Unless a license is renewed every 5 years, it ceases to be effective upon expiration of that period.”」
For its general construction business license, the company continues to disclose the statutory lapse condition requiring renewal every 5 years and the business continuity risk arising from cancellation. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no occurrences of the major risks that management recognizes could have a material impact on the financial position, operating results or cash flows of the company, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year, among the matters concerning the business and financial condition described in this quarterly report.」
The company continues to treat business continuity risk due to cancellation or lapse of a construction business license as involving no material changes. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company continues to treat business continuity risk due to cancellation or lapse of a construction business license as involving no material changes. - FY2021ReframedAnnual report
「Article 3, paragraph 3 of the Construction Business Act provides: “Unless a license is renewed every 5 years, it ceases to be effective upon expiration of that period.”」
In addition to the risk of cancellation of a general construction business license, the company specifically describes the statutory lapse condition requiring renewal every 5 years. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company continues to treat business continuity risk due to cancellation or lapse of a construction business license as involving no new developments or material changes. - FY2018RestatedAnnual report
「The general construction business licenses referred to above are necessary for the continuation of our principal business activities. Although we understand that there are currently no facts falling under any grounds for cancellation of these licenses, if they were cancelled in the future for any reason, this could hinder the continuation of our principal business activities and materially affect our operating results.」
The company continues to disclose that cancellation of its general construction business license could materially affect business continuity and operating results. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company continues to treat business continuity risk due to cancellation or lapse of a construction business license as involving no new developments or material changes. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company continues to treat business continuity risk due to cancellation or lapse of a construction business license as involving no new developments or material changes. - FY2017RestatedAnnual report
「The general construction business license referred to above is necessary for the continuation of our principal business activities.」
The company continues to disclose that cancellation or lapse of its general construction business license could materially affect the continuation of its principal business and its operating results. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes regarding business continuity risk due to cancellation or lapse of a construction business license. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no new developments or material changes regarding business continuity risk due to cancellation or lapse of a construction business license. - FY2016First statedAnnual report
「The general construction business licenses referred to above are necessary for the continuation of our principal business activities. Although we understand that there are currently no facts falling under any grounds for cancellation of these licenses, if they were cancelled in the future for any reason, this could hinder the continuation of our principal business activities and materially affect our operating results.」
The company states that cancellation of its general construction business license could materially affect the continuation of its principal business and its operating results.