Risk of Liability for Defects in New Homes and Exceeding Insurance Limits
First written in FY2017. 7 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For the basic structural portions of new homes and portions designed to prevent rainwater infiltration, suppliers are required to assume defect liability for 10 years. For other portions, they are required to establish a period of contractual nonconformity liability of at least 2 years from the date the home is delivered.」
The company states that, in addition to 10-year defect liability, contractual nonconformity liability of at least 2 years applies to other portions, and has reaffirmed the risks related to quality control and exceeding insurance coverage limits. - FY2025RestatedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes.」
The company has reaffirmed its 10-year defect liability for the basic structural portions of new homes, independent inspections, enrollment in housing defect liability insurance, and risks including exceeding insurance coverage limits. - FY2024RestatedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes. We outsource our work to design firms and construction companies with sufficient design and construction expertise, and conduct our own inspections and checks at important stages from the design phase through the construction process to ensure comprehensive quality control.」
The company has reaffirmed its 10-year defect liability, independent inspections and checks, enrollment in housing defect liability insurance, and the risks of exceeding insurance coverage limits. - FY2021RestatedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes.」
The company has reaffirmed its 10-year defect liability for the basic structural portions of new homes and the risks arising when properties are uninsured or defects exceed coverage limits. - FY2020RestatedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes.」
The company has reaffirmed its 10-year defect liability for the basic structural portions of new homes and risks including defects exceeding insurance coverage limits. - FY2019RestatedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes.」
The company has reaffirmed its 10-year defect liability for the basic structural portions of new homes and the risks arising when properties are uninsured or defects exceed coverage limits. - FY2018RestatedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes.」
The company has reaffirmed its 10-year defect liability for the basic structural portions of new homes and the risk of defects exceeding insurance coverage limits. - FY2017First statedAnnual report
「The Act on the Promotion of Quality Assurance in Housing requires suppliers to assume defect liability for 10 years with respect to the basic structural portions of new homes.」
The company indicates that it has 10-year defect liability for the basic structural portions of new homes, and that defect liability arising for properties without insurance or exceeding the coverage limit may affect business performance.