Product Defect and Product Liability Risks
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2023RestatedAnnual report
「Although our group maintains strict quality controls, it is impossible to reduce the risk of product defects to zero.」
It continues to describe the recognition of product-defect and product-liability risks, quality controls and product liability insurance coverage. It again explains that the exceptional supply of products for ventilators was a response that accepted a certain level of risk on humanitarian grounds. - FY2021RestatedAnnual report
「However, as COVID-19 spread worldwide, we exceptionally supplied products for ventilators by adapting products with an established track record in the semiconductor industry, in response to requests from many customers and governments around the world.」
It continues the same explanation as in the previous fiscal year regarding exceptional supplies for ventilators and the acceptance of a certain level of associated product-defect risk. - FY2020WorsenedAnnual report
「However, as COVID-19 spread worldwide, we exceptionally supplied products for ventilators by adapting products with an established track record in the semiconductor industry, in response to requests from many customers and governments around the world.」
It states that, contrary to the previous policy of generally not supplying components for medical devices that come into direct contact with the human body, the company exceptionally supplied products for ventilators on humanitarian grounds and accepted a certain level of product-defect risk. - FY2019RestatedAnnual report
「Although our group maintains strict quality controls, it is impossible to completely eliminate the risk of product defects.」
It continues to recognize the risks of product defects and product liability. It also states that the company has product liability insurance. - FY2016First statedAnnual report
「Although our group maintains strict quality controls, it is impossible to completely eliminate the risk of product defects.」
It describes the possibility of litigation, compensation claims, reputational damage and an impact on business performance associated with expanding applications to medical devices and other products. It also has product liability insurance.