Risk of defects in delivered products and liability for damages
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 5 of 33 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「To maintain the high quality of deliverables supplied to clients, the Group’s development division carefully inspects them before delivery to ensure that no defects or other problems have arisen. In addition, the Group works to avoid disputes with clients by clearly defining the scope of its liability for non-conformity in its contracts with clients.」
The risk of liability for non-conformity with contract, and the response through pre-delivery inspections and clarification of the scope of contractual liability, continue to be monitored. - FY2021ReframedAnnual report
「In addition, the Group works to avoid disputes with clients by clearly defining the scope of its liability for non-conformity in its contracts with clients.」
Although the terminology has changed from “warranty liability for defects” to “liability for non-conformity with contract,” the response through pre-delivery inspections and clarification of the scope of liability continues. - FY2019RestatedAnnual report
「To maintain the high quality of deliverables supplied to clients, the Group’s development division carefully inspects them before delivery to ensure that no defects or other problems have arisen. In addition, the Group works to avoid disputes with clients by clearly defining the scope of its liability for non-conformity in its contracts with clients.」
The risk of defects in deliverables and liability for damages, and the response through inspections before delivery and contractual measures, continue to be monitored. - FY2018RestatedAnnual report
「To maintain the high quality of deliverables supplied to clients, the Group’s development division carefully inspects them before delivery to ensure that no defects or other problems have arisen.」
The risk of defects in delivered products and liability for damages, and the response through pre-delivery inspections and clarification of the scope of contractual liability, continue to be monitored. - FY2017RestatedAnnual report
「The Group’s development division carefully inspects deliverables before delivery to ensure that no defects or other problems have arisen. In addition, the Group works to avoid disputes with clients by clearly defining the scope of its liability for non-conformity in its contracts with clients.」
The risk of defects in deliverables and liability for damages continues to be monitored, with pre-delivery inspections and clarification of the scope of contractual liability identified as countermeasures. - FY2016First statedAnnual report
「However, there is no guarantee that defects will not occur in deliverables supplied by the Group to clients, and the Group could also face substantial claims for damages in connection with a major recall or similar event. Depending on the outcome, this may have a material impact on the Group’s business operations and performance.」
The possibility of claims for damages arising from defects in delivered products or a major recall was disclosed.