Product Defects, Recalls and Product Liability
First written in FY2016. 7 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2024RestatedAnnual report
「Our corporate group manufactures products under strict quality control, but cannot guarantee that products will be free from defects. The possibility cannot be ruled out that defects could result in products being subject to recalls or give rise to product liability claims.」
The disclosure continued to describe the risks of product defects, recalls and product liability and provided specific details of the response through the Production Engineering Promotion Office, Quality Promotion Office and san-gen principle-based audits. - FY2024-Q3RestatedAnnual report
「We promoted stronger quality control through audits based on the san-gen principle of inspecting the actual site, actual item and actual situation.」
As a response to product quality risk, stronger quality control through san-gen principle-based audits continued to be promoted. - FY2023RestatedAnnual report
「We have established a Production Engineering Promotion Office and a Quality Promotion Office reporting directly to the President. The Production Engineering Promotion Office is establishing processes to strengthen and continuously improve QCD (quality, cost and delivery) from the design stage, while the Quality Promotion Office works to prevent improper quality-related practices and serious quality issues through audits based on the san-gen principle of inspecting the actual site, actual item and actual situation.」
While continuing to recognise the risks of product defects, recalls and product liability, the disclosure provided specific details of the response through the Production Engineering Promotion Office, Quality Promotion Office and san-gen principle-based audits. - FY2022RestatedAnnual report
「Our corporate group manufactures products under strict quality control, but cannot guarantee that products will be free from defects. The possibility cannot be ruled out that defects could result in products being subject to recalls or give rise to product liability claims.」
The disclosure of the risks of product defects, recalls and product liability, along with the response through quality control and product liability insurance, continued. - FY2020RestatedAnnual report
「Our corporate group manufactures products under strict quality control, but cannot guarantee that products will be free from defects. The possibility cannot be ruled out that defects could result in products being subject to recalls or give rise to product liability claims.」
The disclosure of the risks of product defects, recalls and product liability, as well as quality control and product liability insurance, continued. - FY2018RestatedAnnual report
「Our corporate group manufactures products under strict quality control, but cannot guarantee that products will be free from defects. The possibility cannot be ruled out that defects could result in products being subject to recalls or give rise to product liability claims.」
The disclosure of the risks of product defects, recalls and product liability, as well as quality control and product liability insurance, continued. - FY2017RestatedAnnual report
「Our corporate group manufactures products under strict quality control, but cannot guarantee that products will be free from defects. The possibility cannot be ruled out that defects could result in products being subject to recalls or give rise to product liability claims.」
The disclosure of the risks of product defects, recalls and product liability, as well as quality control and product liability insurance, continued. - FY2016First statedAnnual report
「Our corporate group manufactures products under strict quality control, but cannot guarantee that products will be free from defects. The possibility cannot be ruled out that defects could result in products being subject to recalls or give rise to product liability claims.」
Repair losses associated with defects in past products were disclosed, linking product quality risk to actual incidents.