Buyer departures and the risks of purchasing counterfeit products
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「We cannot completely rule out the possibility that the departure or poaching of experienced sourcing personnel, or buyers, may occur within a short period, resulting in the loss of purchasing expertise and an inability to provide the assortment customers seek.」
The company continues to recognize the risk of reputational damage caused by buyer departures, leakage of expertise and the purchase of counterfeit products. - FY2026-H1RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
No material changes are reported regarding the risk of buyer departures and purchasing counterfeit products. - FY2025First statedAnnual report
「We cannot completely rule out the possibility that the departure or poaching of experienced sourcing personnel, or buyers, may occur within a short period, resulting in the loss of purchasing expertise and an inability to provide the assortment customers seek.」
The company identifies its reliance on buyers responsible for authentication, condition checks and price quotations, as well as reputational damage caused by the distribution or purchase of counterfeit products, as risks.