Procurement Losses and Reputational Damage from Purchasing Stolen Goods
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2023: 4 of 12 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「However, given the nature of the business, it is difficult to completely prevent the purchase of stolen goods, and sourcing losses from such purchases or a decline in trust in the company resulting from such incidents may affect the performance of the group.」
The company is revisiting its recognition of the risk that completely preventing the purchase of stolen goods is difficult and may result in sourcing losses and a decline in trust. - FY2016First statedAnnual report
「However, given the nature of the business, it is difficult to completely prevent the purchase of stolen goods. Sourcing losses from the purchase of stolen goods, because the company is legally required under the Secondhand Goods Business Act to return them to their rightful owners free of charge, and a decline in trust in the company resulting from such incidents may affect the company’s performance.」
The company has established a response framework that includes restricting the purchase of suspicious products, cooperating with the police, and linking its secondhand goods ledger with its operating systems, but states that complete prevention is difficult.