Product Defects, Recalls and Damages
First written in FY2017. 7 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
124 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, there is no guarantee that quality defects or other problems will not arise in any of the products, nor that products will not be subject to recalls, complaints or claims. If an incident involving such a product defect or other problem occurs, the credit standing of the Group among its customers could deteriorate significantly, and the Group could incur product liability exceeding its expectations, potentially affecting not only the Group's reputation but also its financial results and financial position.」
Reconfirms the risks of deterioration in credit standing and product liability resulting from product defects, recalls, complaints and claims. - FY2024RestatedAnnual report
「The Group is working to establish a quality control system, including obtaining ISO 9001 (QMS) certification, and manufactures products with due attention to ensuring consistent quality.」
Reconfirms measures involving ISO 9001 certification, product liability insurance and the quality control system, as well as the risks associated with product defects, recalls and complaints. - FY2023RestatedAnnual report
「There is no guarantee that quality defects or other problems will not arise in any of the products, nor that products will not be subject to recalls, complaints or claims. If an incident involving such a product defect or other problem occurs, the credit standing of the Group among its customers could deteriorate significantly, and the Group could incur product liability exceeding its expectations, potentially affecting not only the Group's reputation but also its financial results and financial position.」
Reconfirms the risks of deterioration in credit standing and product liability resulting from product defects, recalls, complaints and claims. - FY2022RestatedAnnual report
「There is no guarantee that quality defects or other problems will not arise in any of the products, nor that products will not be subject to recalls, complaints or claims. If an incident involving such a product defect or other problem occurs, the credit standing of the Group among its customers could deteriorate significantly, and the Group could incur product liability exceeding its expectations, potentially affecting not only the Group's reputation but also its financial results and financial position.」
Reconfirms the risks of deterioration in credit standing and product liability resulting from product defects, recalls, complaints and claims. - FY2021RestatedAnnual report
「The Group is working to establish a quality control system, including obtaining ISO 9001 (QMS) certification, and manufactures products with due attention to ensuring consistent quality.」
While describing measures including ISO 9001 certification and product liability insurance coverage, reconfirms the risks of deterioration in credit standing and product liability resulting from product defects, recalls, complaints and claims. - FY2020RestatedAnnual report
「There is no guarantee that quality defects or other problems will not arise in any of the products, nor that products will not be subject to recalls, complaints or claims. If an incident involving such a product defect or other problem occurs, the credit standing of the Group among its customers could deteriorate significantly, and the Group could incur product liability exceeding its expectations.」
Reconfirms the risks of deterioration in credit standing and product liability associated with product defects, recalls, complaints and claims. - FY2019RestatedAnnual report
「There is no guarantee that quality defects or other problems will not arise in any of the products, nor that products will not be subject to recalls, complaints or claims.」
Restates the risks of deterioration in credit standing and product liability associated with product defects, recalls, complaints and claims. - FY2017First statedAnnual report
「However, there is no guarantee that quality defects or other problems will not arise in any of the products, nor that products will not be subject to recalls, complaints or claims. If an incident involving such a product defect or other problem occurs, the credit standing of the Group among its customers could deteriorate significantly, and the Group could incur product liability exceeding its expectations, potentially affecting not only the Group's reputation but also its financial results and financial position.」
While describing the ISO 9001 certification and product liability insurance coverage, identifies deterioration in credit standing and product liability associated with product defects, recalls, complaints and claims as risks.