Artificial Hair Supplier Concentration
First written in FY2016. 2 of 4 entries say "Mitigated", first in FY2018. Latest entry: FY2024.
3 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As a general policy, we procure the raw materials for our core product, custom-made wigs, from multiple domestic suppliers, thereby ensuring not only quality but also a stable supply.」
In response to the concentration risk among suppliers of synthetic hair and other materials, the company stated that it generally procures from multiple domestic suppliers. - FY2019WorsenedAnnual report
「For synthetic hair, a key raw material used in custom-made wigs and other products, we procure most of our supply from 2 domestic manufacturers from the standpoint of quality and ensuring a stable supply. This creates an inherent risk from the concentration of raw-material suppliers. We hold a certain amount of stock of the synthetic hair procured from the above 2 companies. However, if supplies were suspended for an extended period beyond that for any reason, this could have a material impact on our group's performance.」
The number of suppliers cited fell from 3 domestic manufacturers to 2, reducing the number of concentrated suppliers. The company continues to hold a certain amount of stock as a response measure. - FY2018MitigatedAnnual report
「We hold a certain amount of stock of the synthetic hair procured from the above 3 companies. However, if supplies were suspended for an extended period beyond that for any reason, this could have a material impact on our group's performance.」
In response to the concentration risk among synthetic-hair suppliers, the company stated that it holds a certain amount of inventory procured from the 3 suppliers. - FY2016First statedAnnual report
「For synthetic hair, a key raw material used in custom-made wigs and other products, we procure most of our supply from 3 domestic manufacturers from the standpoint of quality and ensuring a stable supply. This creates an inherent risk from the concentration of raw-material suppliers.」
The company discloses the concentration risk arising from procuring most of its synthetic hair from 3 domestic manufacturers.