Product and Construction Defects and Compensation Risks
First written in FY2018. 22 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group is ISO 9001 certified and manufactures various products and performs installation work, including supply piping, under that standard.」
While measures under ISO 9001 and product liability insurance are described, the risks of defects in products and installation work and of compensation remain. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2024RestatedAnnual report
「The Group is certified under ISO9001 and manufactures various products and performs construction work, including supply piping, in accordance with the standard. Although the Group pays close attention to the quality of the products and construction work it provides, it cannot guarantee that all products and construction work will be free from defects.」
While measures under ISO 9001 and product liability insurance are described, the risks of defects in products and installation work and of compensation remain. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2023RestatedAnnual report
「The Group is ISO 9001 certified and manufactures various products and performs installation work, including supply piping, under that standard. Although it pays close attention to the quality of the products and installation work it provides, there is no guarantee that all products and installation work will be free of defects. The Group carries product liability insurance, but there is no guarantee that the compensation ultimately payable will be fully covered within the policy limit.」
While measures under ISO 9001 and product liability insurance are described, the risks of defects, compensation and a decline in creditworthiness remain. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2022RestatedAnnual report
「The Group carries product liability insurance, but there is no guarantee that the compensation ultimately payable will be fully covered within the policy limit. Accordingly, if a serious quality problem occurs, the Group's operating results and financial condition may be affected by a decline in creditworthiness and the resulting compensation payments.」
While quality control under ISO 9001 and product liability insurance are described, the risks of defects and compensation, including the possibility of exceeding the insurance coverage limit, remain. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks of defects in products and construction work or indemnification. - FY2020RestatedAnnual report
「The Group is certified under ISO9001 and manufactures various products and performs construction work, including supply piping, in accordance with the standard. Although the Group pays close attention to the quality of the products and construction work it provides, it cannot guarantee that all products and construction work will be free from defects.」
While conducting quality control under ISO9001, the company continues to disclose the possibility of defects in products and construction work, indemnification costs, and reputational damage. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company expressly stated that there had been no material changes in its business and other risks, and did not indicate any specific change in the risks of defects in products and construction work or indemnification. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company expressly stated that there had been no material changes in its business and other risks, and did not indicate any specific change in the risks of defects in products and construction work or indemnification. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No specific material change was indicated in the risks of defects in products and construction work or indemnification. - FY2019RestatedAnnual report
「The Group is certified under ISO 9001 and manufactures various products and performs construction work, including supply piping, in accordance with the standard. Although the Group pays close attention to the quality of the products and construction work it provides, it cannot guarantee that all products and construction work will be free from defects.」
While conducting quality control under ISO 9001, the company continues to disclose the possibility of defects in products and construction work, indemnification costs, and reputational damage. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company expressly stated that there had been no material changes in its business and other risks, and did not indicate any specific change in the risks of defects in products and construction work or indemnification. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company expressly stated that there had been no material changes in its business and other risks, and did not indicate any specific change in the risks of defects in products and construction work or indemnification. - FY2018First statedAnnual report
「The Group is certified under ISO 9001 and manufactures various products and performs construction work, including supply piping, in accordance with the standard. Although the Group pays close attention to the quality of the products and construction work it provides, it cannot guarantee that all products and construction work will be free from defects.」
The company states that, while it is certified under ISO 9001 and implements quality control, it cannot completely guarantee that products or construction work will be free from defects, and that reputational damage or indemnification costs could affect its operating results and financial position.