Product Defects and Product Liability
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
「No product-liability lawsuits have arisen to date. However, if such damages arise, the resulting decline in social reputation and corporate image could affect the group’s financial condition and operating results.」
While indicating ISO 9001, quality control and insurance coverage, the company continued to disclose the possibility of product defects and product liability. - FY2017RestatedAnnual report
「However, there is no guarantee that all products manufactured will be free from defects, and product liability for damages may arise under the Product Liability Act if, for example, unforeseen defects occur in new products launched in the future.」
While implementing quality control and maintaining insurance coverage, the company reiterated the possibility of product defects and product liability. - FY2016First statedAnnual report
「However, there is no guarantee that all products manufactured will be free from defects, and product liability for damages may arise under the Product Liability Act if, for example, unforeseen defects occur in new products launched in the future.」
While implementing ISO 9001 and quality control, the company explicitly disclosed the possibility of defects and malfunctions.