Occurrence of Product Defects and Large-Scale Claims
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2021RestatedAnnual report
「There is no guarantee that all products are free from defects or that claims will not arise in the future. Although we carry insurance covering product liability claims, there is no guarantee that the insurance will fully cover the amount of compensation ultimately payable.」
It again cites the risks of product defects, major claims and insufficient insurance coverage. - FY2018RestatedAnnual report
「There is no guarantee that all products are free from defects or that claims will not arise in the future. Although we carry insurance covering product liability claims, there is no guarantee that the insurance will fully cover the amount of compensation ultimately payable.」
It again cites the risks of product defects, major claims and insufficient insurance coverage. - FY2017RestatedAnnual report
「Although we carry insurance covering product liability claims, there is no guarantee that the insurance will fully cover the amount of compensation ultimately payable.」
It again cites the risk that product defects and major claims could affect costs, reputation, sales and business results. - FY2016First statedAnnual report
「There is no guarantee that all products are free from defects or that claims will not arise in the future.」
It states that product defects could result in substantial costs, reputational damage, lower sales, and adverse effects on business results and financial condition.