Product Defect and Product Liability Claims Risk
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2020.
125 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「As a chemical manufacturer, the Group engages in Responsible Care activities, which are voluntary risk-reduction activities, for quality control and other matters, and works particularly to improve management under ISO 9001. When selling new products or improving quality, the Group seeks to prevent product liability issues by reliably conducting product liability risk assessments in advance in accordance with ISO 9001.」
Continues quality assurance measures based on Responsible Care activities, ISO 9001 and product liability risk assessments when selling products or improving quality. - FY2018RestatedAnnual report
「As a chemical manufacturer, the Group engages in Responsible Care activities, which are voluntary risk-reduction activities, concerning quality and other matters, and works particularly to improve management under ISO 9001. When launching new products or improving quality, the Group seeks to prevent product liability issues by reliably conducting product liability risk assessments in advance in accordance with ISO 9001.」
Continues the quality assurance framework based on Responsible Care activities, ISO 9001 and product liability risk assessments when launching products or improving quality. - FY2017RestatedAnnual report
「As a chemical manufacturer, the Group engages in Responsible Care activities, which are voluntary risk-reduction activities, concerning quality and other matters, and works particularly to improve management under ISO 9001. When launching new products or improving quality, the Group seeks to prevent product liability issues by reliably conducting product liability risk assessments in advance in accordance with ISO 9001.」
Reiterates the quality assurance framework based on Responsible Care activities, ISO 9001 and product liability risk assessments when launching products or improving quality. - FY2016First statedAnnual report
「However, there is no guarantee that all products will be free of defects or that no product liability issues will arise. The Company carries product liability insurance to cover product liability claims and prepare for any accidents, but an unexpected serious accident or serious quality defect could have a material impact on the Company's results.」
Identifies the possibility of serious accidents and defects while describing ISO 9001, product liability risk assessments and product liability insurance.