Risks related to the home-delivery sales system, securing personnel, and competition in physical stores and e-commerce
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021RestatedAnnual report
「In addition, approximately half of domestic sales are generated through distributors that have no capital relationship with the Company, meaning distributors that are neither subsidiaries nor affiliates.」
The Company continues to identify relationships with distributors, securing and training personnel including Yakult Ladies, overseas door-to-door delivery systems, and competition from in-store sales and e-commerce as risks relating to its sales structure. - FY2020RestatedAnnual report
「If the Company is unable to maintain good relationships with its distributors, or if it is unable to secure suitable personnel, including Yakult Ladies, the sale of the Group's products may be significantly disrupted, potentially having a substantial impact on the Group's operating performance and financial condition.」
The Company continues to identify relationships with distributors, securing and training personnel including Yakult Ladies, overseas door-to-door delivery systems, and competition from in-store sales and e-commerce as risks relating to its sales structure. - FY2019RestatedAnnual report
「If the Company is unable to maintain good relationships with its distributors, or if it is unable to secure suitable personnel, including Yakult Ladies, the sale of the Group's products may be significantly disrupted, potentially having a substantial impact on the Group's operating performance and financial condition.」
The Company continues to identify relationships with distributors, securing and training personnel including Yakult Ladies, overseas door-to-door delivery systems, and competition from in-store sales and e-commerce as risks relating to its sales structure. - FY2018First statedAnnual report
「If the Company is unable to maintain good relationships with its distributors, or if it is unable to secure suitable personnel, including Yakult Ladies, the sale of the Group's products may be significantly disrupted, potentially having a substantial impact on the Group's operating performance and financial condition.」
The Company explicitly identifies relationships with distributors, securing and training personnel including Yakult Ladies, overseas door-to-door delivery systems, and competition from other companies' products in stores and from e-commerce as risks relating to its sales structure.