Unauthorized Sales and Diversion of Products
First written in FY2016. 21 of 23 entries say "Restated". Latest entry: 2026-08-21.
No other company in this theme has enough history to compare yet.
- 2026-08-21RestatedGeneral Meetings of Shareholders
「In recent years, there have also been cases of products being sold at prices above the list price and counterfeit products being sold. If this situation is allowed to continue, it will ultimately reduce the brand value of our products and adversely affect the performance of beauty salons and consumers.」
The company continues to describe the risk of unauthorized sales, including sales above list price and the sale of counterfeit products. - FY2024RestatedAnnual report
「In addition, cases have occurred in which counterfeit versions of our products were sold over the internet or sold at prices above the suggested retail price.」
The company continues to describe the sale of counterfeit products and sales above the suggested retail price in connection with unauthorized sales as risks. - FY2024-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2024-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2023-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2023-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2022-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2022-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2021-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2021-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its major risks, including unauthorized sales and product diversion. - FY2020WorsenedAnnual report
「In addition, counterfeit versions of our products have been sold over the internet. Since we cannot guarantee the quality or performance of such products, we recognize unauthorized sales as a significant issue that damages the brand image of our products.」
In addition to the existing risk of declining brand value due to unauthorized sales, the company specifically describes the sale of counterfeit products over the internet as an issue. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing risks, including unauthorized sales and product diversion. - FY2019RestatedAnnual report
「Unauthorized sales over the internet and through retailers and other outlets that do not involve salons prevent customers from selecting products suited to their individual hair conditions.」
The company continues to identify the impact of unauthorized sales on brand value and salon performance as a risk. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing risks, including unauthorized sales and product diversion. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing risks, including unauthorized sales and product diversion. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing risks, including unauthorized sales and product diversion. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing risks, including unauthorized sales and product diversion. - FY2017RestatedAnnual report
「Unauthorized sales through retailers and other outlets that do not involve salons prevent customers from selecting products suited to their individual hair conditions.」
The company continues to identify the impact of unauthorized sales not involving salons on brand value and salon performance as a risk. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to its existing risks, including unauthorized sales and product diversion. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company expressly states that there have been no material changes to the risks described for the previous fiscal year, including unauthorized sales and product diversion. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company expressly states that there have been no material changes to the risks described for the previous fiscal year, including unauthorized sales and product diversion. - FY2016First statedAnnual report
「Unauthorized sales through retailers and other outlets that do not operate through beauty salons prevent customers from selecting products suited to their individual hair conditions. If left unaddressed, this could ultimately reduce the brand value of our products and adversely affect both beauty salon performance and consumers.」
Recognizes channel-diversion risk to the professional-only, face-to-face sales model.