Liability for Defects and Quality Control Risk
First written in FY2019. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If quality control deficiencies arise as the number of properties sold increases in the future, there is a possibility that claims for damages may be brought or that the costs of remedying defects may exceed the coverage amount under housing defect liability insurance. As a result, our financial condition and operating performance could be affected by a decline in the creditworthiness of our group or claims for damages caused by defects.」
The company continues to identify as risks inadequate quality control, defect remediation costs, claims for damages, and a decline in creditworthiness. - FY2023RestatedAnnual report
「If quality control deficiencies arise as the number of properties sold increases in the future, there is a possibility that claims for damages may be brought or that the costs of remedying defects may exceed the coverage amount under housing defect liability insurance.」
The company continues to describe the risks of inadequate quality control, defect remediation costs, and claims for damages. - FY2022RestatedAnnual report
「If quality control deficiencies arise as the number of properties sold increases in the future, there is a possibility that claims for damages may be brought or that the costs of remedying defects may exceed the coverage amount under housing defect liability insurance.」
The company continues to describe the risks of inadequate quality control, defect remediation costs, and claims for damages. - FY2020RestatedAnnual report
「If quality control deficiencies arise as the number of properties sold increases in the future, there is a possibility that claims for damages may be brought or that the costs of remedying defects may exceed the coverage amount under housing defect liability insurance.」
The company continues to describe the risks of inadequate quality control for properties sold, defect remediation costs, and claims for damages. - FY2019First statedAnnual report
「If quality control deficiencies arise as the number of properties sold increases in the future, there is a possibility that claims for damages may be brought or that the costs of remedying defects may exceed the coverage amount under housing defect liability insurance.」
The company discloses the possibility of legal liability for defects in properties sold, remediation costs exceeding insurance coverage, and a decline in creditworthiness.