Losses Resulting from Product Defects and Quality Issues
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2021RestatedAnnual report
「Our Group manufactures products under thorough quality control, but cannot guarantee that every product will be completely free of defects. We also carry product liability insurance and other coverage, but cannot guarantee that this insurance will cover the full amount of any damages.」
The Company continues to explain that product defect risks remain despite quality control measures and product liability insurance. - FY2017RestatedAnnual report
「Our Group manufactures products under thorough quality control, but cannot guarantee that every product will be completely free of defects. We also carry product liability insurance and other coverage, but cannot guarantee that this insurance will cover the full amount of any damages.」
The Company continues to explain that product defect risks remain despite quality control measures and product liability insurance. - FY2016First statedAnnual report
「Our Group manufactures products under thorough quality control, but cannot guarantee that every product will be completely free of defects. We also carry product liability insurance and other coverage, but cannot guarantee that this insurance will cover the full amount of any damages.」
The Company has implemented quality control measures and carries product liability insurance, but has disclosed that losses may not be completely preventable.