Risk of loss of credibility due to falsified labeling and false quality information for products sold
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2017: 3 of 15 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「For other products as well, the Company verifies labeling to the greatest extent possible, including obtaining certificates from third-party organizations where available concerning functions and other attributes presented by manufacturers and wholesalers, and works to create an environment in which customers can purchase with greater confidence.」
In response to the risk of false product labeling and quality information, the Company specifies measures including obtaining certificates from third-party organizations and verifying the content of labeling. - FY2020RestatedAnnual report
「However, the Company cannot rule out the possibility that manufacturers or producers of products handled by the Group may falsify labeling or provide false information concerning quality.」
The Company continues to disclose the possibility of regulatory action, damages claims, and reputational damage due to falsified labeling and false quality information concerning products it handles. - FY2018RestatedAnnual report
「However, the Company cannot rule out the possibility that manufacturers or producers of products handled by the Group may falsify labeling or provide false information concerning quality.」
The Company continues to disclose the possibility of regulatory action, damages claims, and reputational damage due to falsified product labeling and false quality information. - FY2016First statedAnnual report
「However, the Company cannot rule out the possibility that manufacturers or producers of products handled by the Group may falsify labeling or provide false information concerning quality.」
The Company identifies the possibility that falsified labeling or false quality information provided by product suppliers could result in regulatory action, damages claims, and a decline in credibility.