Damages Claims Arising from Product Defects
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2023ReframedAnnual report
「If a life-threatening incident or major disruption occurs in social and public infrastructure, including railways, as a result of the Group’s products, it could have an extremely serious impact on management. In addition, if quality defects or production delays prevent the Company from fulfilling its responsibility to ensure stable supply as a reliable supplier, this could lead to a decline in trust and deterioration in business results.」
The description has expanded from the risk of damages claims due to product defects to quality and supply risks, including loss of life, major disruptions, quality defects, production delays and the responsibility to ensure stable supply. Operation of ISO 9001 and insurance coverage are also identified as measures. - FY2019RestatedAnnual report
「There is a risk that product defects could result in large-scale damages claims, and the Company could be affected if the resulting losses cannot be covered by insurance.」
The company reiterates the possibility of large-scale damages claims arising from product defects. - FY2018RestatedAnnual report
「There is a risk that product defects could result in large-scale damages claims, and the Company could be affected if the resulting losses cannot be covered by insurance.」
The company reiterates the possibility of large-scale damages claims arising from product defects. - FY2016First statedAnnual report
「There is a risk that product defects could result in large-scale damages claims, and the Company could be affected if the resulting losses cannot be covered by insurance.」
The company identifies the possibility that product defects could lead to large-scale damages claims, and the associated risk if the losses cannot be covered by insurance.