Risk of damages arising from product liability and customer product recalls
First written in FY2018. 3 of 6 entries say "Materialised", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Number of serious complaints 0」
The company disclosed 0 serious complaints for the current fiscal year as an indicator of quality risk management. It also describes measures including zero-defect initiatives, process control, customer response and product liability insurance. - FY2022MitigatedAnnual report
「The group is further strengthening coordination among relevant departments, promoting quality improvement activities such as zero-defect initiatives and raising employee awareness of the importance of production processes, while maintaining product liability insurance in preparation for unforeseen events.」
In response to the risk of defective products and product recalls, the company specifies preventive and loss-response measures, including zero-defect initiatives, employee training and product liability insurance. - FY2020MaterialisedAnnual report
「Product warranty costs: ¥14 million」
The company recorded product warranty costs of ¥14 million as an extraordinary loss, and costs related to product warranties were incurred in the current fiscal year as well. - FY2020-Q1MaterialisedAnnual report
「Product warranty costs － 14」
The company recorded product warranty costs of ¥14 million as an extraordinary loss in the first quarter, resulting in newly incurred product warranty costs. - FY2019MaterialisedAnnual report
「Net income attributable to owners of the parent was ¥2,209 million, down 5.5% from the previous fiscal year, due in part to the recognition of product warranty costs.」
The company recorded a ¥364 million provision for product warranty costs as an extraordinary loss, and costs related to product warranties have actually been incurred. - FY2018First statedAnnual report
「If the company becomes liable for costs and other expenses arising from damage to customers' property caused by defects in the company's products or from market recalls of customer products, this may affect the group's operating results and financial position.」
The company identifies liability for damage to customers' property caused by product defects and market recalls of customer products as a risk.