Risk that spot engagements may not result in completed transactions when no contract is executed
First written in FY2019. 4 of 5 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「As a countermeasure against this risk, our group ensures that, even when no contract document is executed, order records, including purchase orders and email logs relating to orders, are always retained so as to prevent discrepancies with business partners regarding the details of orders.」
We continue to address the risk of differences in understanding and transactions not being concluded for spot assignments performed without an executed contract by retaining purchase orders and email logs. - FY2023RestatedAnnual report
「Even when no contract document is executed, our group ensures that order records, including purchase orders and email logs relating to orders, are always retained so as to prevent discrepancies with business partners regarding the details of orders.」
We continue to address the risk of differences in understanding and transactions not being concluded when spot assignments are performed without an executed contract by retaining order records. - FY2022RestatedAnnual report
「Even when no contract document is executed, we ensure that order records, including purchase orders and email logs relating to orders, are always retained so as to prevent discrepancies with business partners regarding the details of orders.」
We continue to address the risk of differences in understanding and transactions not being concluded when spot assignments are performed without an executed contract by retaining order records. - FY2021RestatedAnnual report
「For spot assignments and other orders, industry practice may mean that the period from an inquiry to the start of activities is extremely short, and some assignments are performed without a contract document being executed.」
The risk of differences in understanding and transactions not being concluded for spot assignments performed without an executed contract is reiterated, with the retention of order records such as purchase orders and email logs identified as a countermeasure. - FY2019First statedAnnual report
「For spot assignments and other orders, industry practice may mean that the period from an inquiry to the start of activities is extremely short, and some assignments are performed without a contract document being executed.」
While taking steps to retain purchase orders and email logs, the company identifies the possibility that transactions may not be concluded due to differences in understanding as a risk.