Product liability risk arising from defective products
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2024RestatedAnnual report
「However, there is no guarantee that all products will be free from defects or that product liability claims and other matters will not arise in the future. We maintain insurance coverage for product liability claims, but product defects that could lead to substantial product liability claims may affect the performance of our group.」
The potential impact on performance from product defects and substantial product liability claims, and the response through quality manuals and employee training, continued to be stated. - FY2022RestatedAnnual report
「To address this risk, we define quality manuals under the leadership of the Quality Systems Management Office and the quality control divisions, pursue continuous improvements including employee training, and work to ensure thorough quality control.」
The risk of product defects and substantial product liability claims, and the response through quality manuals and employee training, continue to be stated. - FY2019RestatedAnnual report
「Product defects that could lead to substantial product liability claims may affect the performance of our group.」
The potential impact on performance from product defects and substantial product liability claims continues to be stated. - FY2018First statedAnnual report
「However, we cannot guarantee that all products will be free from defects or that product liability claims will not arise in the future. We carry insurance against product liability claims, but product defects that result in large-scale product liability claims could affect the Group's results.」
While working to stabilize quality through ISO 9001 and other measures, the Company disclosed the possibility that product defects and large-scale product liability claims could affect results.