Product Liability Risk Involving Cosmetics and Other Products
First written in FY2016. 1 of 3 entries say "Dropped", first in FY2018-Q2. Latest entry: FY2018-Q3.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
128 other companies' latest entry also says "Restated".
- FY2018-Q3RestatedAnnual report
「Because we sold all of our shares in 日本レース株式会社, which was a consolidated subsidiary, in September 2017, the descriptions in the annual securities report for the previous fiscal year under “(1) Product liability” and “(3) Risks associated with fluctuations in customer companies' performance” no longer apply.」
The statement that product liability risks disappeared following the sale of the cosmetics business has been reaffirmed. - FY2018-Q2DroppedAnnual report
「Because we sold all of our shares in 日本レース株式会社, which was a consolidated subsidiary, in September 2017, the descriptions in the annual securities report for the previous fiscal year under “(1) Product liability” and “(3) Risks associated with fluctuations in customer companies' performance” no longer apply.」
The description of product liability risks for cosmetics and other products disappeared following the sale of 日本レース株式会社, which operated the cosmetics business. - FY2016First statedAnnual report
「Our group produces cosmetics and other products in Japan in compliance with prescribed quality control standards and maintains product liability insurance. However, if a product accident occurs for an unforeseeable reason, the resulting substantial costs, including compensation payments, could affect our group's operating results and financial condition.」
After describing compliance with quality standards and product liability insurance, this states that product accidents could result in significant costs.