Risks related to product defects, recalls and product liability claims
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material change in existing risks, including product defects, recalls and product liability claims. - FY2023RestatedAnnual report
「However, there is no assurance that all products will be free from defects or that recalls or product liability claims will not arise in the future. We also maintain insurance against potential recalls and product liability claims, but there is no assurance that the insurance will fully cover the amount of any final liability.」
The potential occurrence of product defects, recalls and product liability claims, as well as the possibility that insurance may not fully cover the final liability, continued to be disclosed. - FY2021First statedAnnual report
「However, there is no assurance that all products will be free from defects or that recalls or product liability claims will not arise in the future. We also maintain insurance against potential recalls and product liability claims, but there is no assurance that the insurance will fully cover the amount of any final liability.」
The potential occurrence of product defects, recalls and product liability claims, as well as the possibility that insurance may not fully cover the final liability, was recorded for the first time as a separate risk.