Litigation Risks Relating to Warranty Against Defects, etc.
First written in FY2016. 20 of 25 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If litigation is brought in connection with repairs after the handover of completed construction, liability for nonconformity to contract, product liability, or other matters, or if customers or other business partners bring litigation in the course of the company’s business activities, the litigation could affect the company’s business performance.」
The company continues to address risks involving liability for nonconformity to contract, product liability, and litigation brought by business partners through coordination with outside counsel. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The company states that there have been no major risks or significant changes regarding risks involving liability for nonconformity to contract, product liability, and litigation brought by business partners. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The company states that there have been no major risks or significant changes regarding risks involving liability for nonconformity to contract, product liability, and litigation brought by business partners. - FY2024RestatedAnnual report
「Regarding this risk, we work to prevent and mitigate litigation risks by obtaining legal reviews from outside counsel before entering into transactions and by establishing and appropriately operating a compliance system.」
The company continues to address risks involving liability for nonconformity to contract, product liability, and litigation brought by business partners through legal reviews, compliance measures, and coordination with outside counsel. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company states that there have been no major risks or significant changes regarding the risk of litigation concerning liability for nonconformity to contract and other matters. - FY2023RestatedAnnual report
「Regarding this risk, we work to prevent and mitigate litigation risks by obtaining legal reviews from outside counsel before entering into transactions and by establishing and appropriately operating a compliance system.」
The company continues to address risks involving liability for nonconformity to contract, product liability, and litigation brought by business partners through legal reviews, compliance measures, and coordination with outside counsel. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no major risks or significant changes regarding the risk of litigation concerning liability for nonconformity to contract and other matters. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company states that there have been no major risks or significant changes regarding the risk of litigation concerning liability for nonconformity to contract and other matters. - FY2021ReframedAnnual report
「If litigation is brought in connection with repairs after the handover of completed construction, liability for nonconformity to contract, product liability, or other matters, or if customers or other business partners bring litigation in the course of the company’s business activities, the litigation could affect the company’s business performance.」
The scope of disclosure has been expanded from liability for nonconformity to contract and other matters to include risks such as product liability and litigation brought by business partners. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no occurrences of the major risks that management recognizes could have a material impact on the financial position, operating results or cash flows of the company, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year, among the matters concerning the business and financial condition described in this quarterly report.」
The company states that there have been no major risks or significant changes regarding the risk of litigation concerning liability for nonconformity to contract and other matters. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no major risks or significant changes regarding the risk of litigation concerning liability for nonconformity to contract and other matters. - FY2020ReframedAnnual report
「Although the company works to comply with laws and regulations in the course of its business activities, if it becomes subject to litigation concerning liability for nonconformity to contract or other matters, the outcome of the litigation could affect the company’s business performance.」
The wording was changed from “liability for defects and other matters” to “liability for nonconformity to contract and other matters,” with appropriate construction contracts and insurance coverage identified as key initiatives. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2018RestatedAnnual report
「Although the company works to comply with laws and regulations in the course of its business activities, if it becomes subject to litigation concerning liability for defects or other matters, the outcome of the litigation could affect the company’s business performance.」
The company has reiterated the possibility that litigation concerning liability for defects and other matters could affect business performance as a full-year risk item. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes regarding the risk of litigation concerning liability for defects and other matters. - FY2017MitigatedAnnual report
「Reversal of provision for litigation losses 22」
Although the risk of litigation concerning liability for defects and other matters continues to be disclosed, the company recognized a ¥22 million reversal of the provision for litigation losses during the fiscal year, bringing the provision’s balance at the end of the fiscal year to zero. - FY2017-Q2Elimination of the provision for litigation lossesAnnual report
「Provision for litigation losses 32 -」
The provision for litigation losses, which was ¥32 million at the end of the previous consolidated fiscal year, fell to zero at the end of the second quarter of the current consolidated fiscal year, and the statement of cash flows also records a ¥32 million decrease in the provision for litigation losses. - FY2016First statedAnnual report
「Although the Group works to comply with laws and regulations in the course of its business activities, if it becomes subject to litigation concerning liability for defects or other matters, the outcome of the litigation could affect the Group’s business performance.」
The company recognized ¥32 million in provision for litigation losses during the fiscal year, and the balance of the provision for litigation losses was also ¥32 million.