Risk of Tighter Legal Regulations on Door-to-Door Sales, Cosmetics and Related Products
First written in FY2016. 11 of 14 entries say "Restated". Latest entry: FY2023.
Charle moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 1 of 8 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「If these laws and regulations are amended and regulations are tightened, this could affect the Group's social credibility and business results.」
The disclosure continues to identify legal and regulatory risks concerning door-to-door sales, cosmetics, health foods, premium and labeling rules, quality and safety, labor matters and intellectual property rights, among other areas. - FY2022RestatedAnnual report
「If these laws and regulations are amended and regulations are tightened, this could affect the Group's social credibility and business results.」
The disclosure continues to identify legal and regulatory risks across the Group, including door-to-door sales, cosmetics, health foods, premium and labeling rules, quality and safety, labor matters and intellectual property rights. - FY2021WorsenedAnnual report
「The Group takes every precaution to ensure that new technologies developed for its products are properly protected by intellectual property rights. Before developing and selling products, it conducts advance investigations to avoid conflicts with third-party patent rights, utility model rights, design rights and other intellectual property rights, and takes avoidance measures when a potential conflict is foreseeable. However, if the Group inadvertently infringes third-party patent rights, utility model rights, design rights or other rights and is consequently required to pay damages or other compensation, this could affect the Group's business results.」
In addition to the previously identified legal and regulatory risks concerning sales, labeling and quality, the disclosure expressly identifies the possibility of conflicts with third-party intellectual property rights and claims for damages, broadening the scope of regulatory and legal risk. - FY2020ReframedAnnual report
「The Company makes compliance with domestic and overseas laws and regulations its highest priority. It operates under a compliance framework comprising various rules and codes of conduct, provides thorough training for officers, employees and sales personnel, including agents and authorized dealers, and strengthens its internal management systems through internal controls and other measures. If these laws and regulations are amended and regulations are tightened, this could affect the Company's business, social credibility and business results.」
Legal and regulatory risk has been organized as a comprehensive risk covering domestic and overseas regulations, the Act against Unjustifiable Premiums and Misleading Representations, quality, safety and environmental standards, labor-related matters, and violations or misconduct by employees, with the potential impact on social credibility also expressly stated. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. - FY2018RestatedAnnual report
「Accordingly, if these laws and regulations are amended and regulations are tightened, this could affect the Company's business.」
The disclosure continues to identify the risk of tighter regulations under the Act on Specified Commercial Transactions, the Pharmaceuticals and Medical Devices Act, the Consumer Contract Act, the Antimonopoly Act, the Act on the Protection of Personal Information, the Product Liability Act and other laws. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the first 9 months. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the first half. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. No quantified risk or actual occurrence can be confirmed from this disclosure. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. - FY2017RestatedAnnual report
「The Company's business is regulated by the Consumer Contract Act, which governs contracts with consumers, the Antimonopoly Act, the Act on the Protection of Personal Information, the Product Liability Act and a broad range of laws and regulations applicable to each business. Accordingly, if these laws and regulations are amended and regulations are tightened, this could affect the Company's business.」
The disclosure continues to identify the risk of tighter legal regulations concerning door-to-door sales, cosmetics, consumer contracts, personal information and product liability, among other areas. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the first 9 months. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the first half. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of tighter legal regulations concerning door-to-door sales, cosmetics and related businesses. - FY2016First statedAnnual report
「If these laws and regulations are amended and regulations are tightened, this could affect the Company's business.」
The disclosure identifies the Act on Specified Commercial Transactions, the Pharmaceuticals and Medical Devices Act, the Consumer Contract Act, the Antimonopoly Act, the Act on the Protection of Personal Information and the Product Liability Act, among others.