Potential for Product Defects and Large-Scale Recalls
First written in FY2016. 5 of 10 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2026: 12 of 59 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「The company has product liability insurance in place against unforeseen events, but regards quality as the lifeblood of the company. It has established a quality policy in its quality manual, built a quality management system and implemented systematic quality control activities.」
In addition to addressing product defect and recall risks, the company discloses reductions in the number and cost of repairs during the warranty period, demonstrating the results of its quality control activities. - FY2026MitigatedAnnual report
「In addition, to eliminate product defects in the market, we share information on market defects internally and work to improve quality. As a result, we reduced the number of repairs during the warranty period by approximately 13% year on year, and reduced repair costs by approximately 17%. Going forward, we will continue to pursue high-quality, trusted, industry-leading quality that contributes to improved customer satisfaction.」
The company explains that internal sharing of information on market defects and quality improvements reduced the number of repairs during the warranty period by approximately 13% and repair costs by approximately 17%. - FY2025RestatedAnnual report
「The company has product liability insurance in place against unforeseen events, but regards quality as the lifeblood of the company. It has established a quality policy in its quality manual, built a quality management system and implemented systematic quality control activities.」
The company continues to maintain product liability insurance, its quality manual, quality management system and systematic quality control activities. - FY2022RestatedAnnual report
「The company has product liability insurance in place against unforeseen events, but regards quality as the lifeblood of the company. It has established a quality policy in its quality manual, built a quality management system and implemented systematic quality control activities.」
The company continues to address product defect and recall risks through insurance coverage, its quality management system and systematic quality control activities. - FY2021MitigatedAnnual report
「The company has product liability insurance in place against unforeseen events, but regards quality as the lifeblood of the company. It has established a quality policy in its quality manual, built a quality management system and implemented systematic quality control activities.」
As measures against product defect and recall risks, the company describes its insurance coverage, quality management system and systematic quality control activities. - FY2018RestatedAnnual report
「The Group manufactures products in accordance with its quality control standards, but there is no guarantee that all products are free from defects or that no recalls will occur in the future. The Group has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of compensation payable.」
The company continues to describe its quality control standards and product liability insurance while indicating the possibility of product defects, recalls and insufficient coverage. - FY2017RestatedAnnual report
「The Group manufactures products in accordance with its quality control standards, but there is no guarantee that all products are free from defects or that no recalls will occur in the future. The Group has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of compensation payable.」
The company continues to describe its quality control standards and product liability insurance while indicating the possibility of product defects, large-scale recalls and insufficient coverage. - FY2016First statedAnnual report
「There is no guarantee that all products are free from defects or that no recalls will occur in the future. The Group has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of compensation payable. In the event of a large-scale recall, the Group's operating results and financial position may be affected.」
The company describes its quality control and insurance coverage, while indicating the possibility of product defects, recalls and insufficient insurance coverage.