Product Defect, Recall and Product Liability Risks
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2024RestatedAnnual report
「However, there is no guarantee that all products will be free of defects or that no recalls will occur in the future. Nor is there any guarantee that the insurance covering product liability will ultimately be sufficient to cover the amount of compensation payable.」
The risks relating to product defects, recalls and product liability continue to be explicitly identified. - FY2022RestatedAnnual report
「However, there is no guarantee that all products will be free of defects or that no recalls will occur in the future. Nor is there any guarantee that the insurance covering product liability will ultimately be sufficient to cover the amount of compensation payable.」
The risks relating to product defects, recalls and product liability continue to be explicitly identified. - FY2021RestatedAnnual report
「However, there is no guarantee that all products will be free of defects or that no recalls will occur in the future. Nor is there any guarantee that the insurance covering product liability will ultimately be sufficient to cover the amount of compensation payable.」
The risks relating to product defects, recalls and product liability continue to be explicitly identified. - FY2018RestatedAnnual report
「However, there is no guarantee that all products will be free of defects or that no recalls will occur in the future. Nor is there any guarantee that insurance will ultimately provide sufficient coverage for damages arising from product liability. If a product defect leads to a large-scale recall or product liability, it could result in substantial costs, have a serious impact on the reputation of our group, and adversely affect its operating results.」
The possibility of product defects, recalls and product liability, as well as their potential impact on costs, reputation and operating results, continues to be expressly stated. - FY2017RestatedAnnual report
「However, there is no guarantee that all products will be free of defects or that no recalls will occur in the future. Nor is there any guarantee that the insurance covering product liability will ultimately be sufficient to cover the amount of compensation payable.」
The risks relating to product defects, recalls and product liability continue to be explicitly identified. - FY2016First statedAnnual report
「However, there is no guarantee that all products will be free of defects or that no recalls will occur in the future. Nor is there any guarantee that the insurance covering product liability will ultimately be sufficient to cover the amount of compensation payable.」
While manufacturing is conducted under ISO 9001, the disclosure explicitly identifies the possibility of product defects, recalls and product liability claims.