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Sms (2175) · RiskRestated

Intellectual Property Infringement and Reputational Damage Related to Disseminated Information

First written in FY2018. 1 of 3 entries say "Reframed", first in FY2020. Latest entry: FY2021.

3entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018ReframedFY20202018: 120182019: 020192020: 120202021: 12021
Same theme, other companies
Risk of deterioration in reputation and business performance due to litigation, misconduct and defamationA theme 45 companies write about · 45 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 2 of 17 companies on the "Worse" side.

24 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 45 companies compared. The sentences above are computed from all 45.
Full recordFilings, disclosures and news, newest first
  1. FY2021RestatedAnnual report

    「If the Group faces public criticism regarding the legality, accuracy or appropriateness of such materials, the Group may suffer a loss of social credibility, adversely affecting its business activities.」

    The Company reconfirms the risk of reputational damage from public criticism of the legality, accuracy and appropriateness of disseminated information, together with its review framework involving legal counsel and experts.
  2. FY2020ReframedAnnual report

    「If the Group faces public criticism regarding the legality, accuracy or appropriateness of such materials, the Group may suffer a loss of social credibility, adversely affecting its business activities.」

    The Company has reframed the risks relating to disseminated information from an explicit focus on intellectual property infringement to public criticism generally concerning legality, accuracy and appropriateness. It states that these matters will be reviewed through advice from legal counsel and expert oversight.
  3. FY2018First statedAnnual report

    「However, if the Group infringes another party's intellectual property rights, or if the Group faces public criticism over the manner in which information it disseminates was prepared or over the appropriateness of its content, it may face claims for damages and other consequences. The Group's performance and financial condition may also be affected by a loss of social credibility and declining competitiveness.」

    For information disseminated via the internet and print media, the Company identifies intellectual property infringement and loss of credibility and competitiveness due to public criticism as new risks.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
Sms's next results are scheduled for 2026-10-29. Read the earnings preview
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Intellectual Property Infringement and Reputational Damage Related to Disseminated Information | SMS CO.,LTD. (2175) | Komori