Risk of losses caused by product defects and large-scale recalls
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
49 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if a product defect leading to a major recall or similar event occurs, there is no guarantee that compensation can be covered within the limits of the insurance coverage the Group has taken out. In addition, the resulting substantial costs and decline in the Group’s creditworthiness could affect the Group’s business results.」
The risks of costs and reputational damage arising from product defects and major recalls, and the responses through quality control and insurance, continue to be addressed. - FY2024RestatedAnnual report
「However, if a product defect leading to a major recall or similar event occurs, there is no guarantee that compensation can be covered within the limits of the insurance coverage the Group has taken out. In addition, the resulting substantial costs and decline in the Group’s creditworthiness could affect the Group’s business results.」
The risks of costs and reputational damage arising from product defects and major recalls, and the responses through quality control and product liability insurance, continue to be addressed. - FY2023RestatedAnnual report
「However, if a product defect leading to a major recall or similar event occurs, there is no guarantee that compensation can be covered within the limits of the insurance coverage the Group has taken out. In addition, the resulting substantial costs and decline in the Group’s creditworthiness could affect the Group’s business results.」
The risks of costs and reputational damage arising from product defects and major recalls, and the responses through quality control and product liability insurance, continue to be disclosed. - FY2017RestatedAnnual report
「However, if a product defect leading to a major recall or similar event occurs, there is no guarantee that compensation can be covered within the limits of the insurance coverage the Group has taken out. In addition, the resulting substantial costs and decline in the Group’s creditworthiness could affect the Group’s business results.」
The risks of costs and reputational damage arising from product defects and major recalls, and the responses through quality control and insurance, continue to be disclosed. - FY2016First statedAnnual report
「However, if a product defect leading to a major recall or similar event occurs, there is no guarantee that compensation can be covered within the limits of the insurance coverage the Group has taken out. In addition, the resulting substantial costs and decline in the Group’s creditworthiness could affect the Group’s business results.」
The Group’s response measures include quality control at domestic and overseas factories and obtaining product liability insurance.