Risk of product defects, recalls and product liability
First written in FY2017. 1 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「・Number of recalls attributable to the Company (manufacturing responsibility): 0 2」
For the materiality KPI relating to product quality, the target is 0 recalls attributable to the Company, while 2 were recorded in fiscal 2025. - FY2020Added the possibility that product liability insurance may not provide sufficient coverageAnnual report
「The Company has product liability insurance, but there is concern that the ultimate amount of compensation payable may not be fully covered by the insurance.」
In addition to the risks of product defects and recalls, the Company explicitly stated that product liability insurance may not fully cover the ultimate amount payable. - FY2018RestatedAnnual report
「If a product defect leading to a recall or product liability claims occurs, it could result in substantial costs, significantly affect the Group's reputation, and adversely affect its operating results and financial position.」
Against the backdrop of manufacturing based on quality-control standards and efforts to improve quality, the risks of product defects, recalls and product liability claims continue to be disclosed. - FY2017First statedAnnual report
「However, there is no guarantee that all products will be free of defects or that issues such as recalls will not arise in the future. If a product defect leading to a recall or product liability claims occurs, it could result in substantial costs, significantly affect the Group's reputation, and adversely affect its operating results and financial position.」
After describing manufacturing based on quality-control standards and efforts to improve quality, the Company identified product defects, recalls and product liability claims as risks.