Risk of accidents, disasters, defects and litigation arising from maintenance and construction work
First written in FY2016. 14 of 16 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「● Losses and other harm to customers caused by human error by employees ● Repair work and other expenses arising in connection with warranty liability for defects for a certain period after completion of building equipment construction ● Lawsuits and other legal actions brought by customers ● Losses not fully covered by liability insurance and declining brand strength resulting from damage to the Group’s reputation」
The risks of human error, construction defects, repairs, litigation, losses not fully covered by insurance, and declining brand strength continue to be disclosed, with training, on-the-job training, and quality control identified as countermeasures. - FY2023MaterialisedAnnual report
「Extraordinary loss amounted to ¥79 million, primarily due to the recognition of ¥61 million in damages and compensation.」
The disclosure states that ¥61 million in damages and compensation was recognized as an extraordinary loss in connection with risks such as accidents arising from maintenance and construction work, defects, and litigation. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2021RestatedAnnual report
「● Losses and other harm to customers caused by human error by employees ● Repair work and other expenses arising in connection with warranty liability for defects for a certain period after completion of building equipment construction ● Lawsuits and other legal actions brought by customers ● Losses not fully covered by liability insurance and declining brand strength resulting from damage to the Group’s reputation」
The risks of human error, construction defects, repairs, litigation, losses not fully covered by insurance, and declining brand strength continue to be disclosed, with training and on-the-job training, insurance reviews, and stronger quality control systems identified as countermeasures. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2020RestatedAnnual report
「● Losses and other harm to customers caused by human error by employees ● Repair work and other expenses arising in connection with warranty liability for defects for a certain period after completion of building equipment construction ● Lawsuits and other legal actions brought by customers ● Losses not fully covered by liability insurance and declining brand strength resulting from damage to the Group’s reputation」
The risks of human error, construction defects, repairs, litigation, losses not fully covered by insurance, and declining brand strength continue to be disclosed. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2019RestatedAnnual report
「Human error by Group employees may cause inconvenience and losses to customers. In building equipment construction, repair work and other expenses may arise in connection with warranty liability for defects for a certain period after completion. The Group may also face lawsuits and other legal actions in connection with these matters.」
The risks of human error, defects, repairs, litigation, losses and declining brand strength not fully covered by insurance continue to be disclosed. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning existing risks such as accidents, disasters, defects, and litigation. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no new risks or significant changes concerning business and other risks, and indicates no changes to existing risks such as accidents, disasters, defects, and litigation. - FY2018RestatedAnnual report
「In building equipment construction, repair work and other expenses may arise in connection with warranty liability for defects for a certain period after completion. The Group may also face lawsuits and other legal actions in connection with these matters. Although the Group seeks to mitigate these risks by maintaining liability insurance and taking other measures, its performance could be affected by losses not fully covered by insurance and a decline in brand strength resulting from damage to its reputation.」
The risks of human error, defects, repairs, litigation, losses not fully covered by insurance, and declining brand strength continue to be disclosed. - FY2017RestatedAnnual report
「Building equipment construction work may give rise to repair work and other obligations under warranty for defects for a certain period after completion. In addition, the Group may face lawsuits and other legal actions related to these matters.」
The disclosure continues to identify the risks of human error, accidents and disasters, construction defects, repairs, litigation and losses not fully covered by insurance. - FY2016First statedAnnual report
「Human error by Group employees may cause inconvenience and losses for customers. In addition, building equipment construction work may give rise to repair work and other obligations under warranty for defects for a certain period after completion.」
The disclosure identifies the potential for human error, accidents and disasters, construction defects, repairs, litigation, losses not covered by insurance and damage to brand strength.