Product Defects, Recalls and Product Liability Damages
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 58 companies on the "Worse" side.
127 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To address these risks, the Group has established quality-control standards and conducts production activities under strict control standards.」
The response to the risks of product defects, recalls and product liability claims is reiterated. - FY2022MitigatedAnnual report
「To address these risks, the Group has established quality-control standards and conducts production activities under strict control standards.」
The response to the risks of product defects, recalls and product liability claims is reiterated. - FY2021MitigatedAnnual report
「To address these risks, the Group has established quality-control standards and conducts production activities under strict control standards.」
The response to the risks of product defects, recalls and product liability claims is specified as establishing quality-control standards and implementing strict production controls. - FY2020RestatedAnnual report
「The Group has established a quality-assurance framework and works to provide high-quality products, but there is no guarantee that a recall will not occur in the future due to defects in the Group's products.」
The risks relating to the quality-assurance framework, recalls and product liability claims are reiterated. - FY2018RestatedAnnual report
「The Group has established a quality-assurance framework and works to provide high-quality products, but there is no guarantee that a recall will not occur in the future due to defects in the Group's products. The Group has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the compensation payable, and significant costs and other factors could adversely affect the Group's operating results and financial condition.」
The risks relating to the quality-assurance framework, recalls and product liability claims are reiterated. - FY2017RestatedAnnual report
「The Group has established a quality-assurance framework and works to provide high-quality products, but there is no guarantee that a recall will not occur in the future due to defects in the Group's products. The Group has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the compensation payable, and significant costs and other factors could adversely affect the Group's operating results and financial condition.」
The risks relating to the quality-assurance framework, recalls and product liability claims are reiterated. - FY2016First statedAnnual report
「There is no guarantee that a recall will not occur in the future due to defects in the Group's products. The Group has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the compensation payable, and significant costs and other factors could adversely affect the Group's operating results and financial condition.」
The Group discloses the possibility of recall and liability costs as risks while describing its quality-assurance framework and insurance coverage.