Product Defects and Product Liability Claims
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The company carries product liability insurance for product liability claims, but there is no guarantee that it will cover the full amount of damages ultimately borne by the company, and such claims may adversely affect its financial position and operating results.」
The company describes its response through ISO9001, safety standards certifications, and product liability insurance, while continuing to indicate the possibility of product defects, recalls, repairs, and liability claims. - FY2022RestatedAnnual report
「The company carries product liability insurance for product liability claims, but there is no guarantee that it will cover the full amount of damages ultimately borne by the company, and such claims may adversely affect its financial position and operating results.」
The company describes its response through ISO9001 and safety standards certifications and product liability insurance, while continuing to indicate the possibility of product defects, recalls, repairs, and liability claims. - FY2020RestatedAnnual report
「The company carries product liability insurance for product liability claims, but there is no guarantee that it will cover the full amount of damages ultimately borne by the company, and the possibility that such claims could adversely affect its financial position, operating results, and other aspects of its business cannot be ruled out.」
The company describes its response through ISO9001 and safety standards certifications and product liability insurance, while continuing to indicate the possibility of product defects, recalls, repairs, and liability claims. - FY2019RestatedAnnual report
「The company carries product liability insurance for product liability claims, but there is no guarantee that it will cover the full amount of damages ultimately borne by the company, and the possibility that such claims could adversely affect its financial position, operating results, and other aspects of its business cannot be ruled out.」
The company describes its response through ISO9001 and safety standards certifications and product liability insurance, while continuing to indicate the possibility of product defects, recalls, repairs, and liability claims. - FY2018RestatedAnnual report
「The company carries product liability insurance for product liability claims, but there is no guarantee that it will cover the full amount of damages ultimately borne by the company, and the possibility that such claims could adversely affect its financial position, operating results, and other aspects of its business cannot be ruled out.」
The company describes its response through ISO9001 and safety standards certifications and product liability insurance, while continuing to indicate the possibility of product defects, recalls, repairs, and liability claims. - FY2017First statedAnnual report
「There is no guarantee that all products will be free from defects in the future or that product recalls, repairs, or similar measures will not be required. The company carries product liability insurance for product liability claims, but there is no guarantee that it will cover the full amount of damages ultimately borne by the company, and the possibility that such claims could adversely affect its financial position, operating results, and other aspects of its business cannot be ruled out.」
The company states that it has ISO9001 and safety standards certifications and carries product liability insurance, while indicating the possibility of product defects, recalls, repairs, and liability claims.