Product Defect, Recall and Product Liability Risks
First written in FY2018. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To date, no defects attributable to the Group have had a material impact on results. However, if a critical defect occurs in the Group's products or services and cannot be resolved appropriately, the Group's credibility could decline, affecting its business and results.」
The company continues to disclose the possibility of serious defects and their potential impact on credibility and results if they occur, and also states that there has been no material impact to date. - FY2023RestatedAnnual report
「It is generally said that as IoT products and the services using them become more advanced and complex, it is impossible to eliminate defects completely. The possibility that various defects may occur in the company's products and services therefore cannot be ruled out.」
The company continues to disclose the risks relating to defects in its products and services, recalls, and product liability. - FY2021RestatedAnnual report
「The possibility that various defects may occur in the Group's products and services cannot be ruled out.」
The company continues to disclose the risks relating to defects in its products and services, recalls, and product liability. - FY2020RestatedAnnual report
「It is generally said that as IoT devices and the services using them become more advanced and complex, it is impossible to eliminate defects completely. The possibility that various defects may occur in the Group's products and services therefore cannot be ruled out.」
The company continues to describe the risks relating to defects in its products and services, recalls, and product liability. - FY2019RestatedAnnual report
「It is generally said that as IoT devices and the services using them become more advanced and complex, it is impossible to eliminate defects completely. The possibility that various defects may occur in the Group's products and services therefore cannot be ruled out.」
The company continues to describe the risks relating to defects in its products and services, recalls, and product liability. - FY2018First statedAnnual report
「It is generally said that as IoT devices and the services using them become more advanced and complex, it is impossible to eliminate defects completely. The possibility that various defects may occur in the Group's products and services therefore cannot be ruled out.」
The company indicates the possibility of defects, a decline in credibility, large-scale recalls, product liability disputes, and compensation costs.