Occurrence of Product Claims and Compensation Burden
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
125 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our group is working to prevent claims by exercising sufficient technical and theoretical care in product design and by strengthening cooperation with customers to understand their requirements. However, if a claim arises in the future, it could affect operating results.」
The company continues to describe claim prevention measures involving care in product design and stronger cooperation with customers, as well as the possibility that a future claim could affect operating results. - FY2021RestatedAnnual report
「Our group is working to prevent claims by exercising sufficient technical and theoretical care in product design and by strengthening cooperation with customers to understand their requirements. However, if a claim arises in the future, it could affect operating results.」
The company continues to describe claim prevention measures involving care in product design and stronger cooperation with customers, as well as the possibility of future impacts on operating results. - FY2020RestatedAnnual report
「Our group is working to prevent claims by exercising sufficient technical and theoretical care in product design and by strengthening cooperation with customers to understand their requirements. However, if a claim arises in the future, it could affect operating results.」
The company continues to describe claim prevention measures involving care in product design and stronger cooperation with customers, as well as the possibility of future impacts on operating results. - FY2019RestatedAnnual report
「Our group is working to prevent the recurrence of claims by exercising sufficient technical and theoretical care in product design. However, if a claim arises in the future, it could affect operating results.」
The company continues to describe efforts to prevent the recurrence of claims through product design and the possibility that future claims could affect operating results. - FY2018RestatedAnnual report
「Our group is working to prevent the recurrence of claims by exercising sufficient technical and theoretical care in product design. However, if a claim arises in the future, it could affect operating results.」
The company continues to describe efforts to prevent the recurrence of claims through product design and the possibility that future claims could affect operating results. - FY2017MitigatedAnnual report
「Claim compensation payments had previously been recognized as non-operating expenses. However, because claims involving certain products sold in the past have subsided and the amounts incurred have become immaterial, they have been recognized as cost of sales from the current consolidated fiscal year.」
The company states that claims involving certain products sold in the past have subsided and that the amounts incurred have become immaterial, indicating a reduction in claim compensation risk. - FY2016First statedAnnual report
「Our group is working to prevent the recurrence of claims by exercising sufficient technical and theoretical care in product design. However, if a claim arises in the future, it could affect operating results.」
While the company identifies product design as a means of preventing the recurrence of claims, ¥7.289 million in claim compensation payments was recognized in the consolidated statement of income, indicating an actual compensation burden.