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Adjuvant Holdings (4929) · RiskRestated

Risk of acquiring new distributors and salons that comply with the sales policy

First written in FY2016. 8 of 10 entries say "Restated". Latest entry: FY2026.

10entries
11years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2022WorsenedFY20232016: 120162017: 120172018: 120182019: 120192020: 220202021: 120212022: 120222023: 120232024: 020242025: 020252026: 12026
Same theme, other companies
Difficulty acquiring new distributors and salons that comply with the sales policyA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「However, if the Group is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, or, in its e-commerce business, if acquiring new customers requires higher-than-expected expenses and sales fail to cover advertising expenses, this could adversely affect the Group’s operating results and financial condition.」

    Continues to identify the risk of acquiring new distributors and salons that comply with the sales policy, as well as the risk of failing to recover customer acquisition costs and advertising expenses in the e-commerce business.
  2. FY2023WorsenedAnnual report

    「However, if the Group is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, or, in its e-commerce business, if acquiring new customers requires higher-than-expected expenses and sales fail to cover advertising expenses, this could adversely affect the Group’s operating results and financial condition.」

    In addition to the existing risk of acquiring distributors and salons that comply with the sales policy, adds the risk that customer acquisition costs and advertising expenses in the e-commerce business may not be recovered.
  3. FY2022RestatedAnnual report

    「The Group has been steadily increasing the number of new distributors and new salons (Adjuvant salons) and is developing new areas. However, if it is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, this could adversely affect the Group’s operating results and financial condition.」

    Reiterates the risk of expanding new distributors and salons while acquiring customers who comply with the sales policy.
  4. FY2021-Q3RestatedAnnual report

    「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    States that there have been no material changes in the risk of acquiring new distributors and salons that comply with the sales policy.
  5. FY2021-Q2RestatedAnnual report

    「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    States that there have been no material changes in the risk of acquiring new distributors and salons that comply with the sales policy.
  6. FY2020-Q3RestatedAnnual report

    「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    States that there have been no material changes in the risk of acquiring new distributors and salons that comply with the sales policy.
  7. FY2019RestatedAnnual report

    「The Group has been steadily increasing the number of new distributors and new salons (Adjuvant salons) and is developing new areas. However, if it is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, this could adversely affect the Group’s operating results and financial condition.」

    Reiterates the risk of expanding new distributors and salons while acquiring customers who comply with the consultation-based sales policy.
  8. FY2018RestatedAnnual report

    「The Group has been steadily increasing the number of new distributors and new salons (Adjuvant salons) and is developing new areas. However, if it is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, this could adversely affect the Group’s operating results and financial condition.」

    Reiterates the risk of expanding new distributors and salons while acquiring customers who comply with the sales policy.
  9. FY2017RestatedAnnual report

    「The Group has been steadily increasing the number of new distributors and new salons (Adjuvant salons) and is developing new areas. However, if it is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, this could adversely affect the Group’s operating results and financial condition.」

    Reiterates the risk of expanding new distributors and salons while acquiring customers who comply with the sales policy.
  10. FY2016First statedAnnual report

    「However, if the Group is unable to acquire customers who can comply with its sales policy, which is based on sales through customer consultations, this could adversely affect the Group’s operating results and financial condition.」

    Identifies as a risk the need to expand the number of new customers while ensuring compliance with the sales policy.
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Adjuvant Holdings's next results are scheduled for 2026-10-21. Read the earnings preview
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Risk of acquiring new distributors and salons that comply with the sales policy | ADJUVANT HOLDINGS CO.,LTD. (4929) | Komori