Product defects, warranty liability and product liability
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
127 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If substantial damages or repair costs arise from non-conformity with contracts or defects, this may affect the Group's performance and corporate valuation.」
The risks of damages and repair costs associated with non-conformity with contracts and defects, as well as the response through pre-construction risk assessments and quality patrols, are reconfirmed. - FY2020ReframedAnnual report
「Although the Group seeks to ensure rigorous quality control by conducting pre-construction risk assessments and quality patrols at each domestic and overseas location to reduce risks, if substantial damages or repair costs arise from non-conformity with contracts or product liability, this may affect the Group's performance and corporate valuation.」
The wording was updated from the former warranty liability to "non-conformity with contract," and risk-reduction measures involving pre-construction risk assessments and quality patrols were specified. - FY2019RestatedAnnual report
「Although the Group takes every possible measure to ensure quality control, if substantial damages or repair costs arise from warranty liability or product liability, this may affect the performance of the Group.」
The risks of product defects, warranty liability and product liability are reiterated. - FY2018RestatedAnnual report
「Although the Group takes every possible measure to ensure quality control, if substantial damages or repair costs arise from warranty liability or product liability, this may affect the performance of the Group.」
The risks of product defects, warranty liability and product liability are reiterated. - FY2017First statedAnnual report
「Although the Group takes every possible measure to ensure quality control, if substantial damages or repair costs arise from warranty liability or product liability, this may affect the performance of the Group.」
While assuming rigorous quality control, the disclosure identifies damages and repair costs arising from defects as risks.