(8) Legal regulations
①Large-scale retail store location law
Regarding store openings and floor space expansion, if the sales floor area is over 1,000 m2, the Large-scale Retail Store Location Law (Large Store Location Law) will be applied to the local environment from the viewpoint of urban planning, traffic congestion, noise, and other local environments. Subject to local government review and regulation. Future plans for opening new stores may be affected by these legal regulations and changes in regulations.
(2) Regarding the Act on Prohibition of Private Monopoly and Security of Fair Trade
In carrying out its business, the Group shall engage in lawsuits, measures by regulatory authorities, and other legal procedures in accordance with the regulations based on the Act on the Prohibition of Private Monopoly and the Enforcement of Fair Trade (the Antitrust Law). We have risks. Litigation, regulatory action and other legal proceedings may subject the Group to claims of damages, monetary charges by the regulatory authority, or impose restrictions on the conduct of business. Litigation, regulatory action and other legal measures may affect the Group's performance and financial condition.
The Company, from the Fair Trade Commission, deemed that it had fallen under Article 2, Paragraph 9, Item 5 (Abuse of Superiority) and violated the provisions of Article 19 of the Antitrust Law, On February 16, 2012, I received an evacuation order and a surcharge payment order. With respect to both orders, it has been decided to request a trial with the Fair Trade Commission pursuant to Article 49, paragraph 6, and Article 50, paragraph 4, of the Antitrust Law, on April 24, 2012. The ruling has been decided to commence on the date. The trial decision was finalized on March 20, 2018, but the date of the decision has not been determined.