Costs Arising from Increased Returns
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If a large number of returns occur due to defects in popular products or other factors, additional costs may arise from processing the returns and shipping replacement products, potentially affecting the company's operating results and financial position.」
The company continues to disclose the risk of costs for processing returns and shipping replacement products due to defects in popular products and other factors. - FY2020MaterialisedAnnual report
「During the fiscal year, the Company recognized as extraordinary losses the estimated ¥21 million in costs associated with returns and replacements of lighting fixtures it sells and an ¥32 million impairment loss on investment securities.」
The company recognized ¥21 million in costs associated with returning and replacing lighting fixtures, indicating that the cost burden of returns and replacement measures had actually arisen. - FY2018RestatedAnnual report
「If a large number of returns occur due to defects in popular products or other factors, additional costs may arise from processing the returns and shipping replacement products, potentially affecting the company's business operations and operating results.」
The company continues to disclose the risk of costs for processing returns and shipping replacement products due to defects in popular products and other factors. - FY2017RestatedAnnual report
「If a large number of returns occur due to defects in popular products or other factors, additional costs may arise from processing the returns and shipping replacement products, potentially affecting the company's business operations and operating results.」
The company continues to disclose the risk of costs associated with processing returns and shipping replacement products. - FY2016First statedAnnual report
「As the significance of losses has increased following an expansion in the range of products covered by the return guarantee, beginning with the current consolidated fiscal year the company has recognized a provision for returns based on estimated losses expected to arise from future returns.」
Following the expansion in the range of products covered by the return guarantee, the company has recognized a ¥12.424 million provision for returns from the current fiscal year.