Reputational risk relating to the Washington Hotel brand
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2023.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Accordingly, if an incident that damages the brand image, such as a fire or food poisoning, occurs at a hotel operating under this brand, our reputation may decline, potentially affecting our operating results and financial position.」
Reiterated the risk that incidents involving the Washington Hotel brand could affect reputation, operating results and financial position. - FY2022RestatedAnnual report
「If an incident that damages the brand image, such as a fire or food poisoning, occurs at a hotel operating under this brand, our reputation may decline, potentially affecting our operating results and financial position.」
Reiterated the risk that incidents involving the Washington Hotel brand could affect reputation, operating results and financial position. - FY2021First statedAnnual report
「Because the “Washington Hotel” trademark was jointly filed by the two companies and is used to operate a chain of hotels, investors, general consumers and others may mistakenly believe that the hotels have the same operating company. Accordingly, if an incident that damages the brand image, such as a fire or food poisoning, occurs at a hotel operating under this brand, the Group's reputation may decline.」
Described for the first time the similarity of the brand name to that of FUJITA KANKO INC. and the risk that incidents involving the brand could damage its reputation.