Repair costs and damages due to product defects
First written in FY2016. 3 of 6 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 takes every precaution to ensure the quality of its products and construction work, establishes product warranty provisions to cover the cost of free product repairs if problems arise, and maintains product liability insurance and other coverage. However, if substantial damages or response costs arise from liability for non-conformity to contract or product liability, or if such an event damages the Group's image and triggers a decline in demand, the Group's operating results and financial position may be affected.」
Reconfirms the risks and response measures relating to product and construction defects, liability for non-conformity to contract, and product liability. - FY2021ReframedAnnual report
「The Group takes every precaution to ensure the quality of its products and construction work, establishes product warranty provisions to cover the cost of free product repairs if problems arise, and maintains product liability insurance and other coverage. However, if substantial damages or response costs arise from liability for non-conformity to contract or product liability, or if such an event damages the Group's image and triggers a decline in demand, the Group's operating results and financial position may be affected.」
Reorganises the former product defect risk as "product and construction defects," including construction work and liability for non-conformity to contract. - FY2020WorsenedAnnual report
「If substantial damages or associated response costs arise from liability for defects or product liability, or if the Group's image deteriorates as a result of such an event and causes demand to decline, this could affect the Group's operating results and financial condition.」
Adds the potential for a decline in corporate image and a decrease in demand, in addition to damages and response costs, as risks associated with product defects. - FY2018RestatedAnnual report
「The Group takes every precaution in quality control, has established a product warranty provision to cover future costs of free product repairs, and carries product liability insurance and other insurance. However, if substantial damages arise from liability for defects or product liability, this could affect the Group's operating results.」
The document reiterates the risk of liability for damages due to product defects while identifying the product warranty provision and product liability insurance as countermeasures. - FY2017RestatedAnnual report
「The Group takes every precaution in quality control, has established a product warranty provision to cover future costs of free product repairs, and carries product liability insurance and other insurance. However, if substantial damages arise from liability for defects or product liability, this could affect the Group's operating results.」
The document reiterates the risk of liability for damages due to product defects while identifying the product warranty provision and product liability insurance as countermeasures. - FY2016First statedAnnual report
「The Group takes every precaution in quality control, has established a product warranty provision to cover future costs of free product repairs, and carries product liability insurance and other insurance. However, if substantial damages arise from liability for defects or product liability, this could affect the Group's operating results.」
The document identifies the product warranty provision and product liability insurance as countermeasures.