Product Liability Risk Arising from Product Quality Issues
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2018.
- FY2018RestatedAnnual report
「The Group manufactures its products with the utmost attention to quality. Its business is primarily the manufacture of industrial materials, so it considers the likelihood of compensation claims or recalls involving final consumers to be low. However, if product liability or other claims arise due to the quality of its products, this could undermine confidence in the company and its products and affect the Group's performance.」
The company reiterates the possibility of product liability arising from product quality and its response policy of paying close attention to quality. - FY2017RestatedAnnual report
「The Group manufactures its products with the utmost attention to quality. Its business is primarily the manufacture of industrial materials, so it considers the likelihood of compensation claims or recalls involving final consumers to be low. However, if product liability or other claims arise due to the quality of its products, this could undermine confidence in the company and its products and affect the Group's performance.」
The company reiterates the possibility of product liability arising from product quality and its response policy based on quality control. - FY2016First statedAnnual report
「If product liability or other claims arise due to the quality of the company's products, this could undermine confidence in the company and its products and affect the Group's performance.」
The company also explains that, because its products are primarily industrial materials, the likelihood of compensation claims or recalls involving final consumers is low.