Laws and Regulations Governing Cosmetics Sales and Product Liability
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In addition, the operations conducted in the cosmetics sales business are subject to the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices with respect to the purchase and sale of cosmetics, and the Product Liability Act with respect to the manufacture and sale of our products」
Risks relating to regulations, product liability, labeling and consumer protection in cosmetics sales remain. - FY2021RestatedAnnual report
「Our contract processing services and sales of medical devices are subject to laws and regulations including the Act on Ensuring Safety of Regenerative Medicine, the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices, the Product Liability Act, and the Waste Management and Public Cleansing Act.」
Regulatory and product liability risks relating to regenerative medicine, medical devices and cosmetics sales remain. - FY2020RestatedAnnual report
「If we become subject to administrative sanctions, such as a business suspension order or surcharge, for violating these laws and regulations, or if we are unable to maintain the relevant licenses, or if we incur liability for damages under the Product Liability Act or other laws」
Regulatory risks relating to advertising claims, consumer protection, personal information and product liability in cosmetics sales were reiterated. - FY2019First statedAnnual report
「If we become subject to administrative sanctions, such as a business suspension order or surcharge, for violating these laws and regulations, or if we are unable to maintain the relevant licenses, or if we incur liability for damages under the Product Liability Act or other laws」
The company identifies multiple regulations affecting the consumer business as risks, including advertising claims, consumer protection, personal information and product liability.