Risk of Tighter Regulation of Food and Health-Related Laws and Regulations
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group has established systems to ensure compliance, including checking relevant laws and regulations and responding to amendments. However, unexpected tightening of legal or regulatory requirements could affect the performance of the Group.」
The company continues to address the risk of tighter regulation of food sanitation, labelling and advertising, and health-related laws, including legal and regulatory checks and responses to amendments. - FY2021First statedAnnual report
「Quality control and manufacturing are subject to the Food Sanitation Act, which sets standards for food, additives, utensils and containers. Product labelling and advertising are primarily subject to the Act on Securing Quality, Efficacy and Safety of Pharmaceuticals, Medical Devices, etc., the Food Labelling Act, the Health Promotion Act, and the Act against Unjustifiable Premiums and Misleading Representations.」
The company identifies tighter regulation under multiple food, pharmaceutical and labelling-related laws as a risk for products such as protein products and related advertising.