Recall and Product Liability Risks Arising from Product Defects
First written in FY2017. 1 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2025MitigatedAnnual report
「When selecting contract manufacturers, the Company conducts factory audits and other reviews and selects contractors that meet its standards, while advancing the development of its management systems.」
The Company specifies measures addressing product-defect and recall risks, including quality standards, factory audits, contractor selection and contract reviews. - FY2023ReframedAnnual report
「Because of the nature of its wholesale business, most of the products handled by the Company group are products bearing other companies’ brands, although some are imported by the Company or are original products developed by the Company. If inadequate supervision and control of contract manufacturers results in a serious defect in an original Company product, and the defect leads to a large-scale recall or product liability damages, it could affect the Company group’s operating results, financial position and future business development.」
The product-defect risk has been reorganized under the framework for managing outsourced operations, including supervision and control of contract manufacturers and quality control. - FY2017First statedAnnual report
「If a product defect occurs that leads to a large-scale recall or product liability damages, it could affect the Company group’s operating results, financial position and future business development.」
The disclosure states that defects in products handled by the Company, including imported products and private-label products, could lead to large-scale recalls or product liability damages.