Product Defects, Recalls and Product Liability Risks
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
125 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「There is no guarantee that all products will be free of defects. The company has product liability insurance covering damage arising from defects, including consequential damage, but if a defect occurs, it may incur liability for damages not covered by that insurance.」
The company reiterates the risks of product defects, recall and replacement costs, and liability not covered by product liability insurance. - FY2017First statedAnnual report
「There is no guarantee that all products will be free of defects. The company has product liability insurance covering damage arising from defects, including consequential damage, but if a defect occurs, it may incur liability for damages not covered by that insurance.」
The company describes quality assurance under ISO9001 and other standards and product liability insurance, while indicating the possibility of defects, recall and replacement costs, and liability not covered by insurance.