Defect and Recall Risk for Private-Label Products
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
124 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If an unexpected defect or malfunction occurs in a private-label product, the group may incur substantial costs for product recalls and damages, and its sales and earnings may be affected by a decline in trust in the group.」
The company continues to identify the risks associated with recalls, damages, a decline in trust and an impact on performance resulting from defects and malfunctions in private-label products. - FY2022RestatedAnnual report
「If an unexpected defect or malfunction occurs in a private-label product, the group may incur substantial costs for product recalls and damages, and its sales and earnings may be affected by a decline in trust in the group.」
The company continues to identify the risks associated with recalls, damages, a decline in trust and an impact on performance resulting from defects and malfunctions in private-label products. - FY2020First statedAnnual report
「If an unexpected defect or malfunction occurs in a private-label product, the group may incur substantial costs for product recalls and damages, and its sales and earnings may be affected by a decline in trust in the group.」
The company has for the first time explicitly identified the risk that defects and malfunctions in private-label products may lead to product recalls, damages, a decline in trust, and an impact on sales and earnings.