Risk of Reputational Damage from Foreign-Object Contamination and Food Safety Issues
First written in FY2016. 2 of 4 entries say "Worsened", first in FY2017. Latest entry: FY2023.
Shinobu Foods Products moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2017: 3 of 14 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「However, if a fundamental problem involving food ingredients arises beyond the scope of the initiatives described above, or if an event occurs that lowers the group's social standing through reputational damage or otherwise, even if it is not directly related to the group's products」
The company continues to document the risk of reputational damage arising from food safety issues and events not directly related to its products. - FY2018WorsenedAnnual report
「However, if a fundamental problem involving food ingredients arises beyond the scope of the initiatives described above, or if an event occurs that lowers the group's social standing through reputational damage or otherwise, even if it is not directly related to the group's products, this could affect the group's operating results and financial position.」
In addition to existing food safety issues, the company explicitly identified as risks events not directly related to its products and reputational damage that could lower public trust. It did not state that an accident had occurred at the company itself. - FY2017WorsenedAnnual report
「There have also been reports of food waste and leftover products being diverted for unauthorized resale, and we are taking measures including strengthening compliance with rules governing the disposal of waste products.」
In addition to previous foreign-material contamination issues, the company documented the unauthorized resale of food waste and leftover products as factors contributing to food safety and reputational risks. It did not state that such unauthorized resale had occurred at the company itself. - FY2016First statedAnnual report
「In recent years, the food industry has experienced problems that undermine food safety, including the contamination of products with foreign materials.」
The company documented this as a risk based on examples from the food industry, not as an incident at the company itself.