Decline in public trust caused by an error in product labeling
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2017: 3 of 14 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Company is working to establish and strengthen its internal systems to ensure proper product labeling. However, if a material error in labeling were to occur, including one involving a food ingredient supplier, the resulting decline in social credibility could affect the Company's performance.」
The risk that product labeling errors could damage credibility and affect business performance was reiterated. - FY2017RestatedAnnual report
「The Company is working to establish and strengthen its internal systems to ensure proper product labeling. However, if a material error in labeling were to occur, including one involving a food ingredient supplier, the resulting decline in social credibility could affect the Company's performance.」
The Company continues to cite the risk of reputational damage caused by labeling errors, including those by suppliers, while strengthening its internal systems. - FY2016First statedAnnual report
「The Company is working to establish and strengthen its internal systems to ensure proper product labeling. However, if a material error in labeling were to occur, including one involving a food ingredient supplier, the resulting decline in social credibility could affect the Company's performance.」
The Company is establishing internal systems while indicating that labeling errors, including those by suppliers, could affect its reputation and performance.