Product Defect and Product Liability Risks
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2022RestatedAnnual report
「The Group will work to prevent the assumption of product liability by implementing thorough product quality control and maintaining ISO 9001 certification.」
The disclosure reiterates the risk of product defects and product liability and describes the response policy of maintaining quality control and ISO 9001 certification. - FY2018RestatedAnnual report
「The company has insurance for product liability, but there is no assurance that the insurance will ultimately provide sufficient coverage for liability payments, and there is no guarantee that the Group will continue to be able to obtain such insurance on acceptable terms. Product defects that result in product liability claims could have a significant impact in the form of substantial costs and damage to the Group's reputation, potentially reducing sales and adversely affecting the Group's business results and financial condition.」
The disclosure reiterates the potential impact of product defects on liability payments, reputation and business results, as well as the possibility that insurance may not provide sufficient coverage. - FY2017RestatedAnnual report
「The company has insurance for product liability, but there is no assurance that the insurance will ultimately provide sufficient coverage for liability payments, and there is no guarantee that the Group will continue to be able to obtain such insurance on acceptable terms. Product defects that result in product liability claims could have a significant impact in the form of substantial costs and damage to the Group's reputation, potentially reducing sales and adversely affecting the Group's business results and financial condition.」
The disclosure reiterates the potential impact of product defects on liability payments, reputation and business results, as well as the possibility that insurance may not provide sufficient coverage. - FY2016First statedAnnual report
「Product defects that result in product liability claims could have a significant impact in the form of substantial costs and damage to the Group's reputation, potentially reducing sales and adversely affecting the Group's business results and financial condition.」
The disclosure states that insurance has been obtained, while indicating that the insurance may not fully cover liability payments and that product defects may affect business results and the Group's reputation.