Reputational and Liability Risks from System Failures and Bugs
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2022.
38 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「However, if a system defect occurs, the Group may be liable for damages and the system's reliability could be significantly affected.」
The risks of liability for damages and an impact on trust arising from system defects are reiterated. - FY2021RestatedAnnual report
「However, if a system defect occurs, the Group may be liable for damages and the system's reliability could be significantly affected.」
The risks of liability for damages and an impact on trust associated with system defects have been reaffirmed. - FY2020RestatedAnnual report
「However, if a system defect occurs, the Group may be liable for damages and the system's reliability could be significantly affected.」
The risks of liability for damages and an impact on trust arising from system defects have been reaffirmed. - FY2019RestatedAnnual report
「However, if a system defect occurs, the Group may be liable for damages and the system's reliability could be significantly affected.」
The risks of liability for damages and an impact on trust arising from system defects continue to be disclosed in the annual risk disclosures. - FY2018ReframedAnnual report
「There is a risk of losses arising from unauthorized access to servers, system outages, network disruptions and other problems. The Group also plans to launch a cryptocurrency exchange, and the risks include delays in launching the exchange or inability to launch it due to system problems.」
In addition to the conventional risks of loss of trust and liability for damages arising from system defects and bugs, the disclosure explicitly covers system failures at the cryptocurrency exchange and delays in, or inability to complete, its launch. - FY2017First statedAnnual report
「We believe that conducting numerous tests and taking other measures to prevent bugs, thereby enhancing system reliability, will enable us to build good relationships with customer companies. However, if a system defect occurs, the Group may be liable for damages and the system's reliability could be significantly affected.」
While numerous tests are conducted as a preventive measure, the disclosure identifies the possibility of liability for damages and loss of trust if a system defect occurs.