Risk of Costs and Damages Arising from Product Defects and Product Liability
First written in FY2020. 16 of 17 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The filing continues to state that no product defect or product liability risk has arisen or undergone a material change. - FY2025RestatedAnnual report
「The Group operates in manufacturing, and considers quality control to be the second-most important priority after safety management. Although the Group works to ensure thorough quality control for its products, if a product defect occurs, additional costs related to repairs or replacement products may arise. In addition, if an accident caused by a product defect occurs at a customer, there is a risk of liability for damages relating to personal injury, property damage or business interruption losses, which could affect operating results and other aspects of the Company's performance.」
The risks of repair and replacement costs and liability for damages arising from product defects continue to be described. The filing does not state that any such risk has actually materialized. - FY2025-H1RestatedAnnual report
「The filing states that, during the interim consolidated accounting period, there were no material changes in the major risks that management recognizes could materially affect the consolidated companies' financial position, operating results or cash flows, or in the matters described under Business Risks in the securities report for the previous fiscal year.」
The filing does not state that the product defect or product liability risk arose or underwent a material change. - FY2024-Q3RestatedAnnual report
「During the third quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The filing does not state that the product defect or product liability risk arose or underwent a material change. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The filing does not state that the product defect or product liability risk arose or underwent a material change. - 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 filing does not state that the product defect or product liability risk arose or underwent a material change during the first quarter. - FY2023RestatedAnnual report
「The Group operates in manufacturing, and considers quality control to be the second-most important priority after safety management. Although the Group works to ensure thorough quality control for its products, if a product defect occurs, additional costs related to repairs or replacement products may arise. In addition, if an accident caused by a product defect occurs at a customer, there is a risk of liability for damages relating to personal injury, property damage or business interruption losses, which could affect operating results and other aspects of the Company's performance.」
The risks of repair and replacement costs and liability for damages arising from product defects, and the responses through the quality management system, specialized departments and committees, and product liability insurance, continue to be described. - 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 filing does not state that the product defect or product liability risk arose or underwent a material change. - FY2023-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The filing does not state that the product defect or product liability risk arose or underwent a material change. - 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 filing does not state that the product defect or product liability risk arose or underwent a material change. - FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The filing does not state that the product defect or product liability risk arose or underwent a material change. - FY2022-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 filing does not state that the product defect or product liability risk arose or underwent a material change during the first quarter. - FY2021RestatedAnnual report
「The Group operates in manufacturing, and considers quality control to be the second-most important priority after safety management. Although the Group works to ensure thorough quality control for its products, if a product defect occurs, additional costs related to repairs or replacement products may arise.」
The filing provides detailed descriptions of the risks of repair and replacement costs and liability for damages arising from product defects, as well as the responses through the quality management system, specialized departments and committees, and product liability insurance. It does not state that any such risk has materialized. - 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 filing does not state that the product defect or product liability risk arose or underwent a material change during the third quarter. - FY2021-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The filing does not state that the product defect or product liability risk arose or underwent a material change during the second quarter. - 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 filing does not state that the product defect or product liability risk arose or underwent a material change during the first quarter. No individual risk is discussed again. - FY2020First statedAnnual report
「If a product defect occurs, additional costs related to repairs or replacement products may arise. In addition, if an accident caused by a product defect occurs at a customer, there is a risk of liability for damages relating to personal injury, property damage or business interruption losses, which could affect operating results and other aspects of the Company's performance.」
As major risks for the current year, the filing newly and systematically describes repair and replacement costs arising from product defects and liability for damages resulting from accidents at customers.