Risk of Damages and Reputational Damage from Product Defects and Product Liability
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
125 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If a serious product defect or similar issue occurs, it could have a material impact on the Group's operating results, financial position, and other matters through the payment of substantial damages and reputational damage to the Group.」
We have reconfirmed the risk of damages and reputational damage resulting from product defects, along with the response through product liability insurance and quality-control systems. - FY2018First statedAnnual report
「However, there is no guarantee that all products will be free of defects or that defective products will not arise in the future, nor can we guarantee that insurance will cover the full amount of damages ultimately payable. Accordingly, if a serious product defect or similar issue occurs, it could have a material impact on operating results, financial position, and other matters through the payment of substantial damages and reputational damage to the Group.」
Although quality controls and product liability insurance are in place, the possibility of damages and reputational damage resulting from serious product defects is identified as a risk.