AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Kanebo gave rebates for fake sales.
(From The Yomiuri Shimbun/Daily Yomiuri)
Kanebo gave rebates for fake sales
Yomiuri
"Purchase 10 million yen worth of our products and I'll give you a rebate."
A former executive of a cosmetics sales company affiliated with Kanebo Ltd. said he often used such a phrase when he visited business partners toward the end of each March, when the company closed its books. The rebates were usually set at about 10 percent of the purchase price.
The "purchased" goods were then returned to the affiliated company after the fiscal year ended. But since the clients did not have enough space to store the goods, the former executive sent the products to storage he rented under clients' names. He never forgot to collect receipts from shipping service operators and clients for audit checks.
"Sometimes I became desperate and made fictitious sales records," the former executive said.
- Kanebo survives domestic market weakness. (Kanebo Ltd.)
- Magazine article from: Cosmetics International January 25, 1993 700+ words
...sales. In the last full fiscal year, Kanebo reported net sales down...110 should ensure that Kanebo's profits and sales...for 29.7 per cent of Kanebo's group turnover...terms of sales. In the fiscal year ended 31st March 1992...
- Kanebo's interim profits rise despite sales fall. (Kanebo Ltd.)
- Magazine article from: Cosmetics International January 25, 1992 700+ words
The Japanese Kanebo group has announced an increase...to 76.2 billion yen. Kanebo's management has forecast...yen for the full current fiscal year, on a 1.9 per cent rise...March 1991 the viability of Kanebo's ten-year management...
- BEAUTY REPORT: INTEREST IN KANEBO ACQUISITION INTENSIFIES...NU SKIN EARNINGS...
- Magazine article from: WWD July 28, 2005 700+ words
...Procter & Gamble. Kanebo's cosmetics operation...exchange rates, for the fiscal year ended March 31, 2004...recovery. IRCJ said: "Kanebo today is operating under...plan." As reported, Kanebo's restructuring plan...19 billion, for the fiscal year ended March 31, 2004...
- Kanebo gave rebates for fake sales.
- Newspaper article from: Yomiuri Shimbun (Toyko, Japan) July 31, 2005 700+ words
...affiliated with Kanebo Ltd. said he...affiliates after the fiscal year ended. But...discussed at Kanebo's headquarters before the fiscal year-end what value...apparently forced Kanebo employees to...beginning of a new fiscal year I felt that...
- Kanebo Institutes major restructuring; will cut nylon, poly filament...
- Magazine article from: Daily News Record Furukawa, Tsukasa July 26, 1995 700+ words
...decline in the preceding year. Kanebo reported a current loss of...of the Japanese economy. Of Kanebo's total sales in the fiscal year, the cotton/silk sector...category came to 15.4 percent. Kanebo is diversified in other product...
- Kanebo Trinity to change company, brand names to Kracie in July.
- Newspaper article from: Kyodo News International (Tokyo, Japan) February 27, 2007 700+ words
...deadline for the use of the Kanebo brand name by the company at Jan. 31, 2008. Kanebo Trinity said it has decided...At a press conference, Kanebo Trinity President Tetsuo...than 6 percent from last fiscal year's 3 percent or so, higher...
- International cosmetics expansion for Kanebo.
- Magazine article from: Cosmetics International December 15, 1989 700+ words
...Cosmetics Expansion For Kanebo The Japanese textiles, fibres and cosmetics group Kanebo Ltd., produced good growth...and profits during the fiscal year ended 31st March 1989...the past several years Kanebo had undertaken a number...
- KANEBO TO EXIT FIBERS IN RESTRUCTURING.
- Magazine article from: WWD Hirano, Koji June 1, 2004 700+ words
...since 1987. On May 7, Kanebo sold an 86 percent stake...including loans. Kanebo also reported a net...billion yen, for the fiscal year ended March 31, 2004...pharmaceutical products. Kanebo's liabilities exceeded...insolvency in the current fiscal year ending March 31, 2005...