Litigation Relating to Product Liability, Intellectual Property and Other Matters
First written in FY2018. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Pursuit of consistent quality, establishment of a strict inspection and quality assurance management framework, purchase of liability insurance and other measures • Establishment of a department specializing in quality assurance for our group」
In response to product liability and falsified inspection data risks, the establishment of a department specializing in quality assurance and a strict inspection and quality assurance management framework are being reconfirmed. - FY2024WorsenedAnnual report
「• Significant costs and reputational damage arising from major product liability claims or recalls • Adverse effects on business performance and financial condition resulting from compensation to customers for falsified inspection data and lower sales」
In addition to the existing risks of product liability and intellectual property litigation, the risks of compensation claims and reputational damage arising from recalls and falsified inspection data have been specified, and the establishment of a specialized quality assurance department is also described. - FY2018First statedAnnual report
「In connection with the business activities of our group, we may face lawsuits relating to product liability, intellectual property and other matters, and the outcome of such lawsuits could affect business performance.」
The disclosure describes the risk of litigation relating to product liability and intellectual property, as well as measures including the quality assurance framework and the purchase of liability insurance.