Impact of Food Safety Issues and Reputational Damage on 宇美フーズ' Performance
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The group manufactures, processes and sells food products. Regarding food safety at Umi Foods Co., Ltd., consumer demands for quality are rising further in the food industry. If an unusual event exceeding the company's expectations occurs in the future, or if an event occurs in which the image of the company's products deteriorates due to reputational damage or other factors, even when the event is not directly related to the company's products, the company's financial position and business performance may be affected.」
The risk of an impact on business performance from unusual food-safety incidents and reputational damage at Umi Foods continues to be disclosed. - FY2019First statedAnnual report
「The group manufactures, processes and sells food products. Regarding food safety at Umi Foods Co., Ltd., consumer demands for quality are rising further in the food industry. If an unusual event exceeding the company's expectations occurs in the future, or if an event occurs in which the image of the company's products deteriorates due to reputational damage or other factors, even when the event is not directly related to the company's products, the company's financial position and business performance may be affected.」
Following the conversion of Umi Foods Co., Ltd. into a consolidated subsidiary, the company disclosed unusual food-safety incidents and deterioration in product image due to reputational damage as new risks.