Product and Software Defects and Claims Risk
First written in FY2016. 12 of 14 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2021: 1 of 10 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the financial position, operating results or cash flows of the Group among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no material changes regarding the risks of product and software defects and claims. - FY2023MitigatedAnnual report
「The Group shares the status and history of responses to customer inquiries in a management log and works to resolve issues promptly and avoid problems.」
The Company describes a process for sharing the status and history of responses to customer inquiries in a management log to address the risk of product and software defects. - FY2021-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, no new business or other risks arose. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2019RestatedAnnual report
「However, if the Company is unable to avoid a defect or other problem and causes damage to users or others, resolving claims for damages could require substantial time and expense, potentially affecting the Company’s credibility and operating results.」
The risk that product and software defects could lead to claims for damages and affect credibility and operating results continues. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, no new business or other risks arose. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2018RestatedAnnual report
「However, if the Company is unable to avoid a defect or other problem and causes damage to users or others, resolving claims for damages could require substantial time and expense, potentially affecting the Company’s credibility and operating results.」
The risk that defects in software, systems and products could lead to claims for damages and affect credibility and operating results continues. - FY2018-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2017RestatedAnnual report
「However, if the Group is unable to avoid a defect or other problem and causes damage to users or others, resolving claims for damages could require substantial time and expense, potentially affecting the Group’s credibility and operating results.」
The risk that defects in software, systems and products could lead to claims for damages and affect credibility and operating results continues. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, no new business or other risks arose. In addition, there were no material changes in the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2017-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risks of product and software defects and claims. - FY2016First statedAnnual report
「However, if the Company is unable to avoid a defect or other problem and causes damage to users or others, resolving claims for damages could require substantial time and expense, potentially affecting the Company’s credibility and operating results.」
The Company indicates that defects in software, systems and products could lead to claims for damages and affect its credibility and operating results.