Product Liability and Food Labeling Law Violation Risks
First written in FY2017. 3 of 7 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
Ap Holdings moved to the "Worse" side of this theme in 2018, 1 year after the typical company in this theme (2017).
The whole theme swung hardest in 2017: 2 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To ensure compliance with these laws, the company is taking measures including clarifying traceability, or history management, by leveraging the strengths of its direct production-to-sales model, and establishing a dual-check system for labeling during product development.」
As measures against food labeling and product liability risks, the company specifically describes clarifying traceability and implementing dual checks of labeling. - FY2021RestatedAnnual report
「The group is subject to regulations under the Act on Standardization and Proper Labeling of Agricultural and Forestry Products and Fisheries Products (JAS Act), the Product Liability Act (PL Act) and other laws, and is taking measures to ensure compliance with these laws. However, if it were to violate any of these laws, it might be required to dispose of or recall products, which could affect the operating results and financial position of the group.」
The risk of product disposal and recalls resulting from violations of the JAS Act, the PL Act and other laws continues to be disclosed. - FY2019MaterialisedAnnual report
「These are the surcharge imposed on the company under an order to pay a surcharge for violating the Act against Unjustifiable Premiums and Misleading Representations, issued by the Consumer Affairs Agency.」
In addition to the order issued by the Consumer Affairs Agency, the company actually recorded a ¥9.81 million surcharge related to the Act against Unjustifiable Premiums and Misleading Representations. - FY2019-Q3MaterialisedAnnual report
「Although signs of improvement were seen in the third quarter accounting period, which included December, the peak-index month for the core domestic restaurant business, the improvement was not sufficient to offset the decline in sales through the second quarter accounting period caused by the impact of the order issued by the Consumer Affairs Agency in May and temporary closures resulting from natural disasters such as heavy rain and earthquakes. In addition, temporary costs associated with launching a new brand put further pressure on profit.」
The impact of the order issued by the Consumer Affairs Agency in May continues to be cited as a factor behind the decline in sales through the second quarter. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, existing-store sales declined in the core domestic food-service business due to the impact of the administrative order issued by the Consumer Affairs Agency in May and temporary closures caused by natural disasters such as torrential rain and earthquakes. In addition, costs were incurred to launch a new brand.」
The impact of an order issued by the Consumer Affairs Agency is cited as a factor behind the decline in same-store sales in the core domestic restaurant business, indicating that a legal or labeling-related risk actually materialized. However, the filing does not specify the details of the order or the legal basis for it. - FY2018RestatedAnnual report
「The group is subject to regulations under the Act on Standardization and Proper Labeling of Agricultural and Forestry Products and Fisheries Products (JAS Act), the Product Liability Act (PL Act) and other laws, and is taking measures to ensure compliance with these laws. However, if it were to violate any of these laws, it might be required to dispose of or recall products, which could affect the operating results and financial position of the group.」
The risk of product disposal and recalls resulting from violations of the JAS Act, the PL Act and other laws has been disclosed again. - FY2017First statedAnnual report
「The group is subject to regulations under the Act on Standardization and Proper Labeling of Agricultural and Forestry Products and Fisheries Products (JAS Act), the Product Liability Act (PL Act) and other laws, and is taking measures to ensure compliance with these laws. However, if it were to violate any of these laws, it might be required to dispose of or recall products, which could affect the operating results and financial position of the group.」
The company has separately disclosed the risk of product disposal and recalls resulting from violations of the JAS Act, the PL Act and other laws.