Risks relating to legal, quality and product-safety regulations
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2025.
Nakayamafuku moved to the "Worse" side of this theme in 2025, 8 years after the typical company in this theme (2017).
The whole theme swung hardest in 2017: 2 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「For overseas manufacturers in particular, we take every precaution, including requiring manufacturing and inspections to be conducted in accordance with our quality standards and making improvements to enhance safety and quality, and we maintain insurance coverage against unforeseen circumstances. However, if a major quality problem occurs, the Group's business performance and financial condition could be adversely affected by recall costs and damage to brand strength.」
In addition to the previous descriptions of laws and regulations, quality inspections and PL insurance, the company organizes quality and safety risks around procurement from overseas manufacturers, defective products, recall costs and declining brand strength. - FY2020RestatedAnnual report
「The Group has its products inspected by testing organizations, including the General Foundation Household Metal Products Inspection Center and the Japan Food Research Laboratories, for materials, quality, labeling methods and other matters, and strives to handle products in compliance with applicable laws. It also obtains product liability insurance (PL insurance) and other coverage to prepare for unforeseen circumstances, but」
As measures to address the legal and quality and safety regulations applicable to its products, the company continues to have them inspected by testing organizations and to maintain PL insurance coverage. - FY2019RestatedAnnual report
「We have our products inspected by testing organizations for materials, quality, labeling methods and other matters, and strive to handle products in compliance with applicable laws. We also obtain product liability insurance (PL insurance) and other coverage to prepare for unforeseen circumstances.」
As measures to address the legal and quality and safety regulations applicable to its products, the company continues to have them inspected by testing organizations and to maintain PL insurance coverage. - FY2018RestatedAnnual report
「The Group has products inspected for materials, quality, labelling methods and other matters by testing organisations such as the General Foundation Center for Inspection of Household Metal Products and the Japan Food Research Laboratories, works to handle products in compliance with laws and regulations, and maintains product liability insurance and other coverage to prepare for unforeseen events」
Continues to list the legal and quality and safety regulations applicable to its products, as well as inspections by testing organizations and measures involving product liability insurance. - FY2016First statedAnnual report
「The Group has products inspected for materials, quality, labelling methods and other matters by testing organisations such as the General Foundation Center for Inspection of Household Metal Products and the Japan Food Research Laboratories, works to handle products in compliance with laws and regulations, and maintains product liability insurance and other coverage to prepare for unforeseen events」
Lists the Food Sanitation Act, Household Goods Quality Labeling Act, Product Liability Act, Container and Packaging Recycling Act, Consumer Product Safety Act and other relevant laws.