Product quality defects and product liability risks
First written in FY2016. 3 of 7 entries say "Materialised", first in FY2017. Latest entry: FY2025.
Daicel moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
15 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Regarding the discovery in 2022 of inappropriate conduct concerning UL certification by a U.S. third-party safety science organization for some resin products sold by our group company Daicel Miraizu Ltd., we have confirmed that no similar inappropriate quality-related conduct is currently taking place within our group and have completed measures to prevent recurrence.」
Regarding inappropriate conduct related to UL certification, the company states that it confirmed there was no similar conduct within the group and completed measures to prevent recurrence. - FY2019RestatedAnnual report
「Our group has established a product quality assurance system and works to ensure product safety and prevent defective products from reaching the market. We also maintain liability insurance in preparation for any contingency.」
The company continues to respond through product quality assurance, product safety measures, prevention of defective products reaching the market, and liability insurance. - FY2018MaterialisedAnnual report
「This relates to compensation losses arising from product quality defects.」
The company recorded ¥85 million in compensation losses related to product quality defects as an extraordinary loss, indicating that quality risk has materialized in annual results. - FY2018-Q3RestatedAnnual report
「This relates to compensation losses arising from product quality defects.」
The company recorded ¥85 million in compensation losses related to product quality defects and continues to disclose actual instances of quality risk. - FY2018-Q2MaterialisedAnnual report
「This relates to compensation losses arising from product quality defects.」
The company recorded ¥85 million in compensation losses related to product quality defects as an extraordinary loss for the cumulative second-quarter period under review. - FY2017MaterialisedAnnual report
「This relates to compensation losses arising from product quality defects.」
The company also recorded ¥989 million in claim compensation expenses related to product quality defects as an extraordinary loss during the year, indicating that quality risk has materialized as an actual loss. - FY2016First statedAnnual report
「This relates to compensation losses arising from product quality defects at a consolidated subsidiary in Thailand.」
While quality assurance and product liability are described as general risks, compensation losses of ¥1,557 million arose during the fiscal year in connection with quality defects at a subsidiary in Thailand.