Risks Relating to Product Quality, Labeling, and Trading Regulations
First written in FY2016. 4 of 6 entries say "Worsened", first in FY2017. Latest entry: FY2023.
World moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2017: 2 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「Even laws and regulations that do not directly apply to our group may affect its business if laws and regulations applicable to sales channels such as department stores and shopping centers, or to contract manufacturers, are enacted or amended.」
The scope of potential business impacts is specified to include the enactment and amendment of laws and regulations for sales channels and contract manufacturers that do not directly apply to the company. - FY2019RestatedAnnual report
「Our group provides thorough employee training on the importance of compliance relating to products and production, and is taking steps to prevent risks from arising by strengthening internal control measures, including those covering suppliers and contract manufacturers.」
Responses through employee training and internal controls covering business partners continue to address legal and regulatory risks, including those relating to labeling, the Antimonopoly Act, the Subcontract Act and environmental regulations. - FY2019-Q2WorsenedAnnual report
「In addition, our group, suppliers, contract manufacturers, business partners and franchisees are subject to various environmental regulations, primarily during manufacturing, concerning waste reduction, the prevention of global warming and air pollution, and the treatment of hazardous substances.」
In addition to labeling, the Antimonopoly Act and the Subcontract Act, environmental regulations covering suppliers, contract manufacturers and others, as well as administrative sanctions and litigation in the event of violations, are explicitly identified. - FY2018WorsenedAnnual report
「The provision of our group’s products and services is subject to legal requirements under the Act against Unjustifiable Premiums and Misleading Representations and other laws governing labeling at the time of sale and when products are featured in media. The purchase of products is also subject to regulations under the Antimonopoly Act, the Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors and other laws, which strongly require fair dealing with business partners.」
In addition to quality control, risks relating to labeling, the Antimonopoly Act, the Subcontract Act and other legal regulations, as well as fair dealing, are explicitly identified as a separate item. - FY2017WorsenedAnnual report
「As our group has diversified its business, the range of products it handles has expanded beyond apparel and general merchandise to include food, cosmetics and interior goods. We have established internal rules and standards for quality control covering apparel, general merchandise, food and other products and are addressing these matters appropriately.」
The scope of quality, labeling and transaction regulations has expanded from apparel and general merchandise to food, cosmetics, interior goods and other products. - FY2016First statedAnnual report
「If an incident involving product liability occurs, this could affect the performance of our Group through a decline in our corporate or brand image, reduced social credibility, and claims for substantial damages.」
Describes preventive measures including quality-control rules and standards, employee training, and internal controls.