Risk of adverse effects on business performance and financial condition arising from violations of laws and regulations
First written in FY2019. 13 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 6 of 34 companies on the "Worse" side.
75 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「To ensure that all officers and employees understand social norms and corporate ethics and conduct business responsibly, the Group has taken various measures to raise awareness of legal compliance, including establishing Compliance Rules, preparing and distributing the Yellow Hat Charter, which consolidates its code of conduct, and operating an internal whistleblowing system.」
We continue efforts to prevent violations of laws and regulations through the Compliance Rules, the Yellow Hat Charter and the internal whistleblowing system. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there are no material changes regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there are no material changes regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2023RestatedAnnual report
「To ensure that all officers and employees understand social norms and corporate ethics and conduct business responsibly, the Group has taken various measures to raise awareness of legal compliance, including establishing Compliance Rules, preparing and distributing the Yellow Hat Charter, which consolidates its code of conduct, and operating an internal whistleblowing system.」
We continue efforts to prevent violations of laws and regulations through the Compliance Rules, the Yellow Hat Charter and the internal whistleblowing system. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there are no material changes regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there are no material changes regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there are no material changes regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2022RestatedAnnual report
「To ensure that all officers and employees understand social norms and corporate ethics and conduct business responsibly, the Group has taken various measures to raise awareness of legal compliance, including establishing Compliance Rules, preparing and distributing the Yellow Hat Charter, which consolidates its code of conduct, and operating an internal whistleblowing system.」
We continue efforts to prevent violations of laws and regulations through the Compliance Rules, the Yellow Hat Charter and the internal whistleblowing system. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there are no material changes regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes are reported regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes are reported regarding the risk of an impact on business performance and financial condition from violations of laws and regulations. - FY2020RestatedAnnual report
「To ensure that all officers and employees understand social norms and corporate ethics and conduct business responsibly, the Group has taken various measures to raise awareness of legal compliance, including establishing Compliance Rules, preparing and distributing the Yellow Hat Charter, which consolidates its code of conduct, and operating an internal whistleblowing system.」
We continue efforts to prevent violations of laws and regulations through the Compliance Rules, the Yellow Hat Charter and the internal whistleblowing system. - FY2019First statedAnnual report
「Although the Group has established and thoroughly implemented compliance rules to ensure that all officers and employees understand social norms and corporate ethics and conduct business responsibly, violations of laws and regulations arising intentionally or through negligence could adversely affect the Group's business performance and financial condition.」
Although a compliance framework is in place, the impact on business performance and financial condition of intentional or negligent violations of laws and regulations is disclosed separately as a risk for the first time.