Changes to and termination of agency agreements with major suppliers
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 3 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「At present, no factors, including grounds for termination, have arisen that would impede the continuation of this agreement. However, if any factor arises that impedes its continuation, it could affect our business activities.」
The company states that, as of the current fiscal year, no factors have arisen that would prevent the continuation of the special sales agreement with Sumitomo Electric Industries,Ltd. - FY2018RestatedAnnual report
「We understand that our relationship with the company is currently favorable. However, if our relationship with the company changes, or if the company's special sales strategy, terms and conditions for its special sales distributors, or strategy toward us changes, the terms and other aspects of the above special sales agreement may be subject to change.」
The special sales agreement with Sumitomo Electric Industries,Ltd. remains a foundation of the business, while potential changes in the relationship and sales strategy continue to be treated as risks. - FY2016First statedAnnual report
「We have entered into a special sales agreement with Sumitomo Electric Industries,Ltd. We understand that our relationship with the company is currently favorable. However, if our relationship with the company changes, or if the company's special sales strategy, terms and conditions for its special sales distributors, or strategy toward us changes, the terms and other aspects of the above special sales agreement may be subject to change.」
The company discloses the potential impact of changes in contract terms and strategy while its special sales agreement with a major supplier serves as a business foundation.