Recall and Product Liability Risk
First written in FY2016. 14 of 16 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Original products, in which we are actively involved from the product development stage, account for 32% of our consolidated net sales.」
The company stated that original products account for 32% of consolidated net sales, quantifying the proportion of products in which it is involved and which are subject to risks such as quality defects and recalls. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2020-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2019-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2019-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2019-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2018RestatedAnnual report
「However, if an unexpected recall or an issue leading to product liability compensation were to arise, the insurance may ultimately fail to provide sufficient coverage for the compensation amount, resulting in substantial costs and seriously affecting the group's reputation, which could reduce net sales and affect the group's financial results.」
The company describes its response through ISO 9001 and product liability insurance, while continuing to identify the risks of recalls and product liability compensation. - FY2018-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2018-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2018-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2017RestatedAnnual report
「We have obtained ISO 9001 certification at our domestic facilities and are working to establish a quality management framework. We also have product liability insurance. However, if an unexpected recall or an issue leading to product liability compensation were to arise, the insurance may not provide sufficient coverage for the compensation amount ultimately payable.」
The company describes its response through ISO 9001 and product liability insurance, while continuing to identify the risks of recalls and product liability compensation. - FY2017-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2017-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2017-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
We have confirmed that there have been no material changes regarding the risks of recalls and product liability compensation. - FY2016First statedAnnual report
「However, if an unexpected recall or an issue leading to product liability compensation were to arise, the insurance may ultimately fail to provide sufficient coverage for the compensation amount, resulting in substantial costs and seriously affecting the group's reputation, which could reduce net sales and affect the group's financial results.」
Although most products are other companies' branded products, the company also handles imported and own-brand products, and identifies recalls and product liability compensation as risks.