Product liability risks associated with outsourced manufacturing overseas
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Raised".
- FY2024RaisedAnnual report
「The Group outsources the manufacture of original-brand products planned and developed in-house and OEM products to overseas manufacturers, including manufacturers in China, and purchases the manufactured products. In addition, its subsidiary Japan Gals Co., Ltd. manufactures products at its own factory. Accordingly, the Group is subject to the Product Liability Act.」
In addition to the existing risk associated with outsourced manufacturing by overseas manufacturers, in-house manufacturing at Japan Gals' own factory has also been explicitly identified as subject to the Group's product liability risk. - FY2017RestatedAnnual report
「The Company works to maintain quality control to prevent defects in its products and has taken measures such as obtaining insurance. However, in the event of unforeseen circumstances, claims for damages and a loss of public confidence could affect the Company's performance.」
The disclosure reiterates the product liability risks associated with outsourced manufacturing by overseas manufacturers and the measures taken through quality control and insurance coverage. - FY2016First statedAnnual report
「The Company works to maintain quality control to prevent defects in its products and has taken measures such as obtaining insurance. However, in the event of unforeseen circumstances, claims for damages and a loss of public confidence could affect the Company's performance.」
The disclosure describes the application of the Product Liability Act to outsourced manufacturing by overseas manufacturers, as well as quality control and insurance coverage.