Occurrence of Defective Products and Product Liability
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2019RestatedAnnual report
「The Group has obtained ISO 9001 certification and takes the utmost care to ensure product quality. However, there is no guarantee that the Group's products will not become defective in the future due to deterioration over time or unforeseen quality issues.」
While implementing quality assurance systems, the risks of defective products, product liability and loss of confidence are reconfirmed. - FY2018RestatedAnnual report
「For product warranty costs, the Group recognizes a provision for product warranties based on estimates of after-sales service costs derived from past results, in preparation for after-sales service costs and other expenses arising for products already shipped. The Group works to improve quality through the thorough application of the three actualities principle and the operation of a wide-ranging quality control system. However, if the actual defect rate or repair costs differ from the estimates, it may become necessary to revise the estimated amount of after-sales service costs.」
While conducting quality control and recognizing product warranty provisions, the possibility of additional costs arising from differences between estimated and actual defect rates or repair costs is reconfirmed. - FY2017RestatedAnnual report
「The Group has obtained ISO 9001 certification and takes the utmost care to ensure product quality. However, there is no guarantee that the Group's products will not become defective in the future due to deterioration over time or unforeseen quality issues.」
The risk of defective products arising is reconfirmed while referring to quality assurance systems such as ISO 9001. - FY2016First statedAnnual report
「There is no guarantee that the Group's products will not become defective in the future due to deterioration over time or unforeseen quality issues.」
While referring to quality control and ISO 9001 certification, the possibility of defects, liability for damages and loss of confidence is identified as a risk.