Risk of Sales Decline Due to Food Safety Issues and Reputational Damage
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, if an unforeseen problem occurs in procured raw materials or the manufacturing process, or if a widespread social issue that threatens food safety and cannot be addressed by the company arises, causing the corporate or brand image to deteriorate due to reputational damage or other factors even without a direct connection to the group, sales of group products may decline as consumers’ willingness to purchase falls. This could affect the group’s operating results and financial condition.」
The company continues to disclose the risk of reputational damage from food safety issues leading to declines in brand value and sales. - FY2023First statedAnnual report
「If an unforeseen problem occurs in procured raw materials or the manufacturing process, or if a widespread social issue that threatens food safety and cannot be addressed by the company arises, causing the corporate or brand image to deteriorate due to reputational damage or other factors even without a direct connection to the group, sales of group products may decline as consumers’ willingness to purchase falls. This could affect the group’s operating results and financial condition.」
The company discloses food safety issues and reputational damage affecting its brand and sales as major risks.