Changes to manufacturers' sales incentive programs and the risk of being unable to return products
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「No cases have occurred in recent years in which a manufacturer's default has had a material impact on business performance. However, the company is strengthening supplier credit management, focusing on accounts payable and inventory management, to mitigate the risk.」
It states that there have been no recent cases of manufacturer defaults with a material impact on performance, and describes strengthened credit management of suppliers. - FY2018RestatedAnnual report
「Changes in a manufacturer's sales strategy may result in changes to the program, which could affect performance. Almost all of the Group's inventory can be returned to manufacturers. However, if a manufacturer defaults due to civil rehabilitation or similar proceedings, an inventory write-down may be recognized or products may become non-returnable, which could affect performance.」
The risks of changes to sales incentive programs and inventory write-downs or inability to return products due to manufacturer defaults are reiterated. - FY2017RestatedAnnual report
「Changes in a manufacturer's sales strategy may result in changes to the program, which could affect performance. Almost all of the Group's inventory can be returned to manufacturers. However, if a manufacturer defaults due to civil rehabilitation or similar proceedings, an inventory write-down may be recognized or products may become non-returnable, which could affect performance.」
The risks of changes to sales incentive programs and inventory write-downs or inability to return products due to manufacturer defaults are reiterated. - FY2016First statedAnnual report
「If the system is changed as a result of a change in a manufacturer's sales strategy, this may affect business performance.」
It also states that if a manufacturer defaults due to civil rehabilitation or similar proceedings, inventory write-downs may be required and products may become non-returnable.