Product Defect and Large-Scale Claim 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
「Our group has established a quality control system and manufactures products based on strict quality standards. However, this risk may arise at any time, and there is no guarantee that all products will be free of defects or that no claims-related costs will arise.」
Reconfirms the residual risk of product defects and major claims, assuming measures based on the quality control system and product liability insurance. - FY2020MitigatedAnnual report
「In addition to strengthening coordination between manufacturing and sales through the merger and further reinforcing our quality control system, our group has insurance coverage for product liability damages.」
Describes the strengthened quality control system following the manufacturing and sales merger and product liability insurance as measures to address product defects and major claims. - FY2019RestatedAnnual report
「Product defects that result in major claims or product liability damages could have a significant impact on costs and the reputation of our group, potentially reducing sales and adversely affecting our group's operating results and financial condition.」
Describes the quality control system and product liability insurance, then reconfirms the residual risk of product defects and major claims. - FY2018RestatedAnnual report
「Product defects that result in major claims or product liability damages could have a significant impact on costs and the reputation of our group, potentially reducing sales and adversely affecting our group's operating results and financial condition.」
Describes the quality control system and product liability insurance, then reconfirms the residual risk of product defects and major claims. - FY2016First statedAnnual report
「Product defects that result in major claims or product liability damages could have a significant impact on costs and the reputation of our group, potentially reducing sales and adversely affecting our group's operating results and financial condition.」
Describes the quality control system and product liability insurance, then identifies the residual risk.