Product Quality Defects and Product Liability
First written in FY2020. 11 of 13 entries say "Restated". Latest entry: FY2024.
Nof moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2024ReframedAnnual report
「However, if quality falsification, such as the manipulation of quality inspection results, were to occur, the Group’s credibility could decline or be lost.」
In addition to the previous risks of unforeseeable product defects and product liability, the Company explicitly presents quality falsification, such as manipulation of quality inspection data, and the resulting risk of declining credibility as separate items. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Company states that there has been no new occurrence or material change in the risk of product quality defects and product liability. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2023-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2021RestatedAnnual report
「The Group has established quality management systems at all factories and endeavors to maintain high quality standards. However, unforeseeable defects or accidental problems may occur during manufacturing, transportation or other processes, potentially affecting product quality.」
With quality management systems and product liability insurance and other measures in place, the Company continues to disclose the risks of product quality defects and product liability. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk of product quality defects and product liability is treated as involving no new occurrence or material change. - FY2020First statedAnnual report
「The Group has established quality management systems at all factories and endeavors to maintain high quality standards. However, unforeseeable defects or accidental problems may occur during manufacturing, transportation or other processes, potentially affecting product quality.」
On the assumption that measures such as quality management systems and product liability insurance are in place, the Company disclosed unforeseeable defects and problems, as well as the possibility of insufficient compensation, as separate risks.