Risk of Product Defects, Recalls and Product Liability Claims
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「In terms of quality, the company’s steady efforts to date have been recognized, and it has received numerous quality awards from customers in various regions.」
While continuing its preventive and crisis-management systems for quality issues, the company reports a track record of receiving quality awards from customers in various regions. - FY2021MitigatedAnnual report
「With regard to product defects and recalls, the company has established preventive and crisis-management systems, holds monthly reporting meetings, analyzes market complaints and takes countermeasures. It is also promoting internal quality-awareness training and insurance coverage for product liability claims.」
Specific measures to address product-defect and recall risks are described, including monthly reporting, market-complaint analysis, training and insurance coverage. - FY2018RestatedAnnual report
「Product defects that lead to large-scale recalls or product liability claims could result in substantial costs and affect operating performance and financial condition.」
The risks of product defects, recalls and product liability claims, and their potential impact on additional costs, are reiterated. - FY2017First statedAnnual report
「The company cannot guarantee that all products of its group are free of defects or that no recalls will occur in the future. Depending on the nature of a defect, substantial additional costs may arise.」
The company identifies product defects, recalls and product liability claims as risks that could result in additional costs and affect operating performance and financial condition.