Impact of Product Quality Issues and Product Liability on Reputation and Business Performance
First written in FY2016. 16 of 18 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
125 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No major risks or significant changes were identified regarding the impact of product quality issues and product liability on reputation and operating results. - FY2024RestatedAnnual report
「We hedge product liability and other risks through insurance coverage. However, if we receive a large damages claim as a result of litigation or other action by a customer, there may be cases in which the coverage is insufficient.」
The risks associated with quality issues, large damages claims, insufficient insurance coverage, and possible loss of confidence or suspension of business dealings continue to be cited. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No major risks or significant changes were identified regarding the impact of product quality issues and product liability on reputation and operating results. - FY2023-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No major risks or significant changes were reported regarding product quality issues and product liability risks. - FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding product quality issues and product liability risks. - FY2021RestatedAnnual report
「We hedge product liability and other risks through insurance coverage. However, if we receive a large damages claim as a result of litigation or other action by a customer, there may be cases in which the coverage is insufficient.」
The risks associated with quality issues, large damages claims, insufficient insurance coverage, and possible loss of confidence or suspension of business dealings continue to be cited. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding product quality issues and product liability risks. - FY2021-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no major risks or significant changes in the matters described in this quarterly report concerning the business and accounting conditions that management recognizes could have a material impact on the financial condition, operating results, or cash flows of the consolidated companies, or in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
No significant changes were reported regarding product quality and product liability risks. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding product quality and product liability risks. - FY2020-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding product quality and product liability risks. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the impact of product quality issues and product liability on reputation and operating results. - FY2019-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding product quality and product liability risks. - FY2018RestatedAnnual report
「We hedge product liability and other risks through insurance coverage. However, if we receive a large damages claim as a result of litigation or other action by a customer, there may be cases in which the coverage is insufficient. Our group's operating results may be affected by quality issues, including any resulting loss of confidence in our products and suspension of business dealings.」
The risks of large damages claims, insufficient insurance coverage, loss of confidence, and suspension of business dealings resulting from quality issues continue to be cited. - FY2018-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the impact of product quality issues and product liability on reputation and operating results. - FY2018-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding the impact of product quality issues and product liability on reputation and operating results. - FY2018-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes were reported regarding product quality and product liability risks. - FY2017WorsenedAnnual report
「We hedge product liability and other risks through insurance coverage. However, if we receive a large damages claim as a result of litigation or other action by a customer, there may be cases in which the coverage is insufficient. Our group's operating results may be affected by quality issues, including any resulting loss of confidence in our products and suspension of business dealings.」
The potential effects of quality issues, including large damages claims, insufficient insurance coverage, loss of confidence in products, and suspension of business dealings, were specifically described. - FY2016First statedAnnual report
「However, we recognize that it is generally difficult to eliminate all product quality risks arising from defects in the development, design, or manufacture of products based on customer specifications on an ongoing basis.」
While we have obtained ISO 9001 certification and maintain insurance coverage, we state that quality risks cannot be completely eliminated.