Voluntary Recall of Nail Care Products
First written in FY2016. 4 of 4 entries say "Materialised", first in FY2016. Latest entry: FY2017-Q3.
Shofu moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2024: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2017-Q3MaterialisedAnnual report
「Product recall-related expenses 51」
The Company recorded ¥51 million in product recall-related expenses as an extraordinary loss, and the impact of the voluntary recall continued to be reflected in its results. - FY2017-Q2MaterialisedAnnual report
「The Company sought to recover sales by strengthening promotions through the launch of new colors of gel products and other measures. However, the gel products have not fully recovered from the impact of the voluntary recall of certain color gels launched in September last year, and sales have not reached the level of the previous fiscal year.」
The impact of the voluntary recall continued into the cumulative period through the second quarter, and sales in the nail-related business decreased 7.8% year on year. - FY2017-Q1MaterialisedAnnual report
「The gel products have not fully recovered from the impact of the voluntary recall of certain color gels launched in September last year. Although they are on a recovery trend, sales have not reached the level of the previous fiscal year.」
The impact of the voluntary recall remained, and the nail-related business reported sales of ¥428 million, down 15.9% year on year. - FY2016MaterialisedAnnual report
「The Company recorded expenses and other costs related to the voluntary recall of products arising in the nail-related business as an extraordinary loss.」
A partial voluntary recall of nail-care products took place, and ¥72 million in product recall-related expenses was recorded.