Quality Defects, Large-Scale Recalls and Product Liability
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The Group continues to carry out quality improvement activities under the “Eternal Zero” slogan.」
Quality improvement activities addressing the risks of quality defects and recalls continue. - FY2022RestatedAnnual report
「The Group continues to carry out quality improvement activities under the “Eternal Zero” slogan.」
Quality improvement activities addressing the risks of quality defects and recalls continue. - FY2020RestatedAnnual report
「The Group continues to carry out quality improvement activities under the “Eternal Zero” slogan.」
Quality improvement activities addressing the risks of quality defects and recalls continue to be carried out. - FY2019RestatedAnnual report
「The Group manufactures products at each production site in accordance with internationally recognized quality control standards, but it is difficult to eliminate entirely the occurrence of product quality defects or claims caused by unforeseeable factors.」
Although manufacturing is conducted in accordance with quality control standards, the risk of quality defects and claims not being completely eliminated continues to be described. - FY2017First statedAnnual report
「If a product defect occurs that leads to a large-scale recall or product liability claim, the Group's results and financial position may be affected by substantial response costs and a decline in social credibility.」
The potential impact on costs, credibility, and results when product quality defects lead to large-scale recalls or product liability claims is described.