Product Defects, Product Liability, and Social Reputation
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 3 of 13 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If our manufactured and sold products have a serious safety or quality problem, this could damage our social reputation and adversely affect our financial position and operating results.」
Continues to identify the risk of deterioration in social reputation due to product safety and quality problems, together with measures provided by the quality assurance departments at each plant and PL insurance. - FY2022RestatedAnnual report
「We have established a quality control system at each plant, including quality assurance departments that inspect products and ensure quality. In addition, as a precaution, we maintain product liability insurance (PL insurance).」
Continues inspection and quality control by the quality assurance departments at each plant and maintains PL insurance coverage. - FY2021RestatedAnnual report
「We have established a quality control system at each plant, including quality assurance departments that inspect products and ensure quality. In addition, as a precaution, we maintain product liability insurance (PL insurance).」
Continues inspection and quality control by the quality assurance departments at each plant and maintains PL insurance coverage. - FY2020MitigatedAnnual report
「We have established a quality control system at each plant, including quality assurance departments that inspect products and ensure quality. In addition, as a precaution, we maintain product liability insurance (PL insurance).」
Specifies inspection and quality control systems operated by the quality assurance departments at each plant and PL insurance coverage as measures addressing product defect and product liability risks. - FY2018RestatedAnnual report
「Although we take every possible measure to control the quality of the products we provide, if an accident occurs due to the customer’s handling of a product, including use or operating conditions other than those we anticipate, and causes the customer a loss, we may be held liable under warranty liability and product liability.」
While indicating that efforts are made to control quality, continues to identify the risks of product accidents, warranty liability, product liability, and deterioration in social reputation. - FY2016First statedAnnual report
「Although we take every possible measure to control the quality of the products we provide, if an accident occurs due to the customer’s handling of a product, including use or operating conditions other than those we anticipate, and causes the customer a loss, we may be held liable under warranty liability and product liability.」
Treats product accidents, warranty liability, product liability, and deterioration in social reputation as a single combined risk.