Overseas Product Counterfeiting and Brand Erosion
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe risk of product imitation overseas and declining brand strength, which had been disclosed separately through the previous fiscal year, cannot be confirmed in the list of major risks for the current fiscal year.
- FY2022RestatedAnnual report
「However, in certain overseas regions, the group may be unable to effectively prevent third parties from imitating, manufacturing and selling its products.」
The company reiterates the risk of product imitation overseas, declining brand strength and lower orders resulting from confusion with imitations. - FY2021First statedAnnual report
「In certain overseas regions, the group may be unable to effectively prevent third parties from imitating, manufacturing and selling its products. Although the group believes that the likelihood of losing market share to imitations is low because of the superior performance and quality of its products compared with imitations, if imitations are mistaken for the group's products and this leads to a decline in brand strength relating to performance and quality, its results could be affected by a decline in orders and other factors.」
The company indicates the possibility of confusion caused by imitations overseas, declining brand strength and lower orders.