Administrative action and loss of credibility due to violations of the Act against Unjustifiable Premiums and Misleading Representations
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We have established a system under which the responsible department confirms that store notices, announcements through our website and social media, and all other media issued by the Group do not violate the Premiums and Representations Act.」
The risk of administrative sanctions and reputational damage caused by violations of the Premiums and Representations Act, together with the review system, continues. - FY2024RestatedAnnual report
「We have established a system under which the responsible department confirms that store notices, announcements through our website and social media, and all other media issued by the Company do not violate the Premiums and Representations Act.」
The risk of administrative sanctions and reputational damage caused by violations of the Premiums and Representations Act, together with the review system, continues. - FY2023First statedAnnual report
「If material errors occur in product posters displayed in stores or flyers distributed to customers, and the Company violates the Premiums and Representations Act through “misleading representations of superiority,” “misleading representations of advantage” or “other” conduct such as bait advertising, administrative sanctions and reputational damage could affect our operating results or financial position.」
A system under which the responsible department reviews media content is identified as a mitigation measure.