Product and Merchandise Defects and Product Liability
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2021MitigatedAnnual report
「The products and merchandise handled by the Company are equipment and machinery used in factories and are not delivered directly to end customers. Accordingly, the Company believes that the possibility of product liability claims exceeding the amount covered by insurance is extremely small.」
The risk of product defects continues to be disclosed, while the Company states that, given the products’ uses and distribution channels, the possibility of liability claims on a scale exceeding insurance coverage is extremely small. - FY2019RestatedAnnual report
「However, there is no guarantee that all products and merchandise will be free from defects or that events such as product recalls will not occur in the future. The Company has product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the damages payable.」
The risks of product defects, product recalls and product liability claims, as well as the limits of insurance coverage, continue to be disclosed. - FY2017First statedAnnual report
「However, there is no guarantee that all products and merchandise will be free from defects or that events such as product recalls will not occur in the future.」
The risk of defects in products and merchandise leading to product recalls or product liability claims is expressly identified for the first time.