Product Defect and Product Liability Risks
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2025RestatedAnnual report
「If a product defect giving rise to liability occurs, substantial costs and a decline in the Group's reputation may have a material impact on the Group's performance.」
The Company continues to disclose the possibility of product defects, product liability, and insufficient insurance coverage. - FY2023RestatedAnnual report
「If a product defect giving rise to liability occurs, substantial costs and a decline in the Group's reputation may have a material impact on the Group's performance.」
The Company continues to disclose the possibility of product defects, product liability, and insufficient insurance coverage. - FY2021RestatedAnnual report
「The Company has product liability insurance, but the insurance may not cover the full amount of damages claims. If a product defect giving rise to liability occurs, substantial costs and a decline in the Group's reputation may have a material impact on the Group's performance.」
The Company continues to disclose the possibility of product defects, product liability, and insufficient insurance coverage. - FY2019RestatedAnnual report
「The Company has product liability insurance, but the insurance may not cover the full amount of damages claims. If a product defect giving rise to liability occurs, substantial costs and a decline in the Group's reputation may have a material impact on the Group's performance.」
The Company continues to disclose the possibility of product defects, product liability, and insufficient insurance coverage. - FY2016First statedAnnual report
「However, there is no assurance that all products will be free of unforeseen defects or that costs associated with recalls and claims for damages will not arise, and product defects may have a material impact on the Group's performance.」
While stating that there have been no product liability lawsuits in the past, the Company notes the possibility of unforeseen defects, recalls, and damages claims.