Product Recalls and Damages Caused by Product Defects
First written in FY2021. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Because the group's products inherently carry product liability risk, it maintains product liability insurance in preparation for the risk materializing.」
The company continues to address the risks of recalls and compensation claims due to product defects through quality control involving prototype evaluation, process inspections, and investigation and remediation of defect causes. - FY2025RestatedAnnual report
「Because the group's products inherently carry product liability risk, it maintains product liability insurance in preparation for the risk materializing. However, if the risk of a large-scale product recall or compensation claims arising from product defects materializes and the resulting costs cannot be covered by insurance, the group's results could be affected.」
The company continues to disclose the risks of large-scale recalls and compensation claims due to product defects, together with quality control through prototype evaluation, process inspections, and investigation and remediation of defect causes. - FY2024RestatedAnnual report
「However, if the risk of a large-scale product recall or compensation claims arising from product defects materializes and the resulting costs cannot be covered by insurance, the group's results could be affected.」
The company continues to disclose the risks of large-scale recalls and compensation claims due to product defects, together with quality control through prototype evaluation, process inspections, and investigation and remediation of defect causes. - FY2022RestatedAnnual report
「However, if the risk of a large-scale product recall or compensation claims arising from product defects materializes and the resulting costs cannot be covered by insurance, the group's results could be affected.」
The company continues to disclose the risks of recalls and compensation claims due to product defects, together with quality control through prototype evaluation, process inspections and other measures. - FY2021First statedAnnual report
「Because the group's products inherently carry product liability risk, it maintains product liability insurance in preparation for the risk materializing. However, if the risk of a large-scale product recall or compensation claims arising from product defects materializes and the resulting costs cannot be covered by insurance, the group's results could be affected.」
The company indicates the possibility of large-scale recalls and compensation claims due to product defects, and cites prototype evaluation, process inspections, and investigation and remediation of defect causes as countermeasures.