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Nextage (3186) · RiskFirst stated

Risk of Loss of Trust Due to Improper Practices in the Used-Car Industry

First written in FY2023-Q3. . Latest entry: FY2023-Q3.

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Reputational damage caused by quality and integrity issues involving used-car trading membersA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

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  1. FY2023-Q3First statedAnnual report

    「In addition, regarding the used-car industry as a whole in recent years, various reports and other sources have pointed to past events considered improper. At the Company, we have taken appropriate action each time an identified issue arose and worked to prevent recurrence. However, establishing a management framework that prevents improper practices from occurring at their root is important in order to earn customers' trust and continue growing in the future.」

    Reports and other sources have pointed to past events considered improper across the used-car industry as a whole, and the acquisition of customer trust and prevention of recurrence of improper practices can be identified for the first time as distinct management framework issues.
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Risk of Loss of Trust Due to Improper Practices in the Used-Car Industry | NEXTAGE Co.,Ltd. (3186) | Komori