Risks Related to Chemical and Environmental Regulations, Product Defects and Recalls
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 2 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group manufactures products and performs contract processing at each site in accordance with strict control standards, while actively pursuing certifications such as ISO9001 and IATF16949. To provide customers with high-quality products and services in a timely manner, the Group thoroughly implements preventive measures, including stronger process control, audits and training, to ensure the required quality levels. However, there is no assurance that defects or malfunctions will not occur in any of its products or other items.」
While continuing measures involving quality certifications, process control, audits and training, the Company continues to identify the risk of product defects and malfunctions. - FY2023RestatedAnnual report
「The Group manufactures products and performs contract processing at each site in accordance with strict control standards, while actively pursuing certifications such as ISO9001 and IATF16949. To provide customers with high-quality products and services in a timely manner, the Group thoroughly implements preventive measures, including stronger process control, audits and training, to ensure the required quality levels. However, there is no assurance that defects or malfunctions will not occur in any of its products or other items.」
While continuing measures involving quality certifications, process control, audits and training, the Company continues to identify risks related to product defects and malfunctions and chemical regulations. - FY2022RestatedAnnual report
「At each site, the Company manufactures products and performs contract processing in accordance with strict control standards, while actively pursuing certifications such as ISO9001 and IATF16949.」
While continuing quality assurance through quality certifications, process control, audits and training, the Company also discloses the possibility of defects and malfunctions. - FY2020RestatedAnnual report
「There is no assurance that defects or malfunctions will not occur in any of the Company's products or other items. If an unexpected problem occurs during manufacturing, transportation, storage or other processes and results in a defect or malfunction, the Group may incur compensation and remedial costs for customer companies, and its financial position and operating results may be adversely affected by a decline in market confidence and other factors.」
The Company continues to disclose risks related to product defects and malfunctions, quality assurance and chemical substance regulations. - FY2019RestatedAnnual report
「However, although the Company manufactures products in accordance with strict control standards, there is no assurance that all products will be free of defects or that recalls will not occur in the future.」
The Company continues to disclose compliance with chemical and environmental regulations and the possibility of product defects and recalls. - FY2017RestatedAnnual report
「Although the Company manufactures products in accordance with strict control standards, there is no assurance that all products will be free of defects or that recalls will not occur in the future.」
The Company continues to disclose compliance with chemical and environmental regulations and the possibility of product defects and recalls. - FY2016First statedAnnual report
「Although the Company manufactures products in accordance with strict control standards, there is no assurance that all products will be free of defects or that recalls will not occur in the future.」
The Company discloses that, in addition to compliance with regulations concerning toxic and deleterious substances, water quality and waste, product defects could result in substantial costs and a decline in reputation.