Risk of Material Litigation
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2020.
- FY2020MitigatedAnnual report
「In commercial transactions, we seek to prevent problems before they occur by eliminating ambiguities through written exchanges and the execution of contracts, while reducing the likelihood of risks materializing by fully confirming the intentions of stakeholders.」
It expressly identified clarifying transaction terms through written documents and contracts, and confirming the intentions of stakeholders, as measures to address litigation risk. - FY2018RestatedAnnual report
「As of the present time, no litigation has arisen that would have a material impact on the Company's business results.」
While stating that no material litigation has arisen at present, it reiterates the risk of litigation in the future. - FY2017First statedAnnual report
「At present, no litigation has arisen that could have a material impact on the Company's operating results. Although we place a high priority on compliance and are strengthening our risk management framework, if franchisees, business partners, customers or others bring litigation in the future that could materially affect the business, the outcome of such litigation could affect the Company's results.」
While stating that no material litigation has arisen at present, it notes that litigation brought by franchisees, business partners, customers and others could affect future results.