Risk of declining market confidence due to VAPE regulations, accidents involving substandard products, and health damage
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018ReframedAnnual report
「The Group actively sells products through 3 channels: physical stores, wholesale sales and online sales. However, if regulations or restrictions are imposed on the sale or use of next-generation tobacco products, preventing their wider adoption, this may affect the Group's results of operations.」
The scope of the risk has been expanded and reorganized from a VAPE-centered description to cover next-generation tobacco products as a whole, including VAPE and heated tobacco products. - FY2017RestatedAnnual report
「The Group actively sells products through 3 channels: physical stores, online sales and wholesale sales. However, if regulations or restrictions are imposed on the sale or use of VAPE products, preventing their wider adoption, this may affect the Group's results of operations. In addition, if substandard products unrelated to or involving the Group in any way cause accidents or health damage, resulting in damage to the image or confidence in VAPE products generally, this may affect the Group's results of operations.」
The risks of VAPE regulations and restrictions and accidents and health damage caused by third-party products continue to be disclosed. - FY2016First statedAnnual report
「If regulations or restrictions are imposed on the sale or use of VAPE products, preventing their wider adoption, this may affect the Group's results of operations. In addition, if substandard products unrelated to or involving the Group in any way cause accidents or health damage, resulting in damage to the image or confidence in VAPE products generally, this may affect the Group's results of operations.」
The disclosure identifies VAPE market regulation and restrictions, as well as accidents and health damage caused by substandard products supplied by third parties, as risks.