Product Quality Defects and Consumer Issues
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2023RestatedAnnual report
「In planning, developing and selling private-label products, the Company has established a comprehensive system centered on its research and development department, with the cooperation of OEM manufacturers. However, if an unforeseen event were to cause a product defect and numerous consumer problems and complaints were to arise, the Company could face not only liability for damages but also the possibility that contracts for stores at department stores and other locations could be terminated because of a loss of trust. In such a case, the Company’s operations could be significantly affected.」
It reiterates the risk that product defects could lead to consumer problems, liability for damages and termination of store contracts. - FY2021RestatedAnnual report
「In planning, developing and selling private-label products, the Company has established a comprehensive system centered on its research and development department, with the cooperation of OEM manufacturers. However, if an unforeseen event were to cause a product defect and numerous consumer problems and complaints were to arise, the Company could face not only liability for damages but also the possibility that contracts for stores at department stores and other locations could be terminated because of a loss of trust. In such a case, the Company’s operations could be significantly affected.」
It continues to disclose the risk that product defects could lead to consumer problems, liability for damages and termination of store contracts. - FY2020RestatedAnnual report
「In planning, developing and selling private-label products, the Company has established a comprehensive system centered on its research and development department, with the cooperation of OEM manufacturers. However, if an unforeseen event were to cause a product defect and numerous consumer problems and complaints were to arise, the Company could face not only liability for damages but also the possibility that contracts for stores at department stores and other locations could be terminated because of a loss of trust. In such a case, the Company’s operations could be significantly affected.」
It continues to disclose the risk that product defects could lead to consumer problems, liability for damages and termination of store contracts. - FY2019RestatedAnnual report
「In planning, developing and selling private-label products, the Company has established a comprehensive system centered on its research and development department, with the cooperation of OEM manufacturers. However, if an unforeseen event were to cause a product defect and numerous consumer problems and complaints were to arise, the Company could face not only liability for damages but also the possibility that contracts for stores at department stores and other locations could be terminated because of a loss of trust. In such a case, the Company’s operations could be significantly affected.」
It continues to disclose the risk that product defects could lead to consumer problems, liability for damages and termination of store contracts. - FY2017RestatedAnnual report
「In planning, developing and selling private-label products, the Company has established a comprehensive system centered on its research and development department, with the cooperation of OEM manufacturers. However, if an unforeseen event were to cause a product defect and numerous consumer problems and complaints were to arise, the Company could face not only liability for damages but also the possibility that contracts for stores at department stores and other locations could be terminated because of a loss of trust. In such a case, the Company’s operations could be significantly affected.」
It continues to disclose the risk that product defects could lead to consumer problems, liability for damages and termination of store contracts. - FY2016First statedAnnual report
「If, due to an unforeseen event, a product defect were to occur and numerous consumer problems and complaints were to arise, the Company could face not only liability for damages but also the possibility that contracts for stores at department stores and other locations could be terminated because of a loss of trust. In such a case, the Company’s operations could be significantly affected.」
It indicates that quality issues could affect not only liability for damages but also contracts and trust with store locations.