Risk of Damages and Brand Damage Resulting from Product Defects
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If a serious defect were to occur in the Group's products or services, the Group could incur liability for damages arising from the defect and substantial remedial costs, and its credibility and brand image could decline, adversely affecting its results of operations and financial condition.」
The company continues to identify the risks of liability for damages, remedial costs, and declines in credibility and brand image arising from serious product defects. - FY2020First statedAnnual report
「If a serious defect were to occur in the Group's products or services, the Group could incur liability for damages arising from the defect and substantial remedial costs exceeding the amount covered by insurance, which could damage its credibility and brand image and adversely affect its results of operations and financial condition.」
The company identifies the potential for liability for damages, remedial costs exceeding insurance coverage, and declines in credibility and brand image arising from serious product defects.