Update FY21 Outlook, page-66

I'm surprised it's only down 10%. That update was deserving of a much larger sell off given that it's priced as a growth company and growth will be flat at best this year. That's assuming they are even able to hit their updated guidance, which I think is ambitious at best. Not to mention that the company guided for "strong growth" barely a month ago and then insiders sold like crazy. I've always been suspicious that they would guide for "strong growth" when it was obvious that one of their channels (daigou) was effectively dead with no end in sight. So they were essentially relying on other channels to cover for that and then also grow those channels at the same time. That's an incredible pair of rose-coloured glasses! Credibility of management needs to be questioned, IMO.