Loss of trust and brand value due to compliance violations
First written in FY2022. 1 of 3 entries say "Mitigated", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2023: 4 of 16 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if compliance is compromised by unforeseen misconduct or other actions, resulting in a loss of social trust or damage to brand value, this may affect the Company’s financial position, operating results and other aspects of its business.」
The risk that misconduct or other actions may compromise compliance and reduce trust and brand value continues to be disclosed. - FY2024MitigatedAnnual report
「The Company recognizes compliance with laws and regulations as an extremely important corporate responsibility and has established risk and compliance rules to thoroughly ensure compliance with the laws, regulations and other rules relating to the products it offers.」
Thorough compliance with laws and other rules under the risk and compliance rules is disclosed as a measure addressing the risk of compliance violations. - FY2022First statedAnnual report
「However, if compliance is compromised by unforeseen misconduct or other actions, resulting in a loss of social trust or damage to brand value, this may affect the Company’s financial position, operating results and other aspects of its business.」
The possibility that misconduct or other actions may compromise compliance and reduce trust and brand value is disclosed separately for the first time.