Risk of Damages Claims and Reputational Damage Due to Product Defects
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2025RestatedAnnual report
「• Manufacturing products in accordance with international quality management systems, including obtaining FSSC22000 certification, an international standard for food safety management systems, at major plants in Japan and overseas • Ensuring traceability from raw materials through to finished products」
As measures to address product safety risks, the Group continues to implement international quality management, including FSSC22000 certification, and traceability. - FY2018RestatedAnnual report
「The Group also maintains product liability insurance and other coverage. However, if customers suffer damages due to defects in the Group's products, there is no guarantee that the amount of damages payable by the Group will be covered within the limits of these insurance policies.」
While describing measures involving quality control, traceability and product liability insurance, the disclosure continues to identify the risks of claims for damages and reputational damage resulting from product defects. - FY2017RestatedAnnual report
「The Group also maintains product liability insurance and other coverage. However, if customers suffer damages due to defects in the Group's products, there is no guarantee that the amount of damages payable by the Group will be covered within the limits of these insurance policies.」
While describing measures involving quality control, traceability and product liability insurance, the disclosure continues to identify the risks of claims for damages and reputational damage resulting from serious quality problems. - FY2016First statedAnnual report
「Accordingly, if a serious quality problem occurs, the Group's operating results and financial position could be affected by claims for damages and damage to the Group's reputation.」
While describing its quality management systems, traceability and product liability insurance, the disclosure indicates the possibility of quality problems exceeding insurance coverage limits.