Changes to or termination of importer dealer agreements
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2022: 2 of 18 companies on the "Worse" side.
3 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe risks of changes to, termination of or failure to obtain prior approval under dealer agreements with importers, which had been explicitly stated through the previous fiscal year, were no longer presented separately in the current year's business and other risks section.
- FY2018RestatedAnnual report
「Our business relationships with these importers are good, and no event has occurred to date in which these provisions hindered management. However, if there is a material change to the contract terms, if continuing the business relationship becomes difficult, or if prior approval is not obtained, our Group's performance or the business operations of its consolidated subsidiaries may be affected.」
While stating that business relationships are good and that no management-disrupting event has occurred in the past, the disclosure continued to identify the risks of contract changes, difficulty continuing the relationship and failure to obtain prior approval. - FY2017RestatedAnnual report
「If there is a material change to the contract terms, if continuing the business relationship becomes difficult, or if prior approval is not obtained, our Group's performance or the business operations of its consolidated subsidiaries may be affected.」
Reiterated the risks of changes to or difficulty continuing dealer agreements with importers and failure to obtain prior approval. - FY2016First statedAnnual report
「If there is a material change to the contract terms, if continuing the business relationship becomes difficult, or if prior approval is not obtained, our Group's performance or the business operations of its consolidated subsidiaries may be affected.」
Recognition of risks related to changes to dealer agreements, difficulty continuing the relationship and failure to obtain prior approval, including for director appointments.