Compensation Risk from Product Defects and Nonconformities
First written in FY2020. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The Group analyzes past cases that could affect quality control and thoroughly implements preventive measures to maintain and improve quality control systems in its manufacturing divisions and at suppliers. It also maintains product liability insurance in preparation for serious incidents and works to minimize these risks.」
The Group continues to address these risks through analysis of past cases, preventive measures, quality control including at suppliers, and product liability insurance. - FY2022RestatedAnnual report
「The Group analyzes past cases that could affect quality control and thoroughly implements preventive measures to maintain and improve quality control systems in its manufacturing divisions and at suppliers. It also maintains product liability insurance in preparation for serious incidents and works to minimize these risks.」
The Group continues to address these risks through analysis of past cases, preventive measures, quality control including at suppliers, and product liability insurance. - FY2021RestatedAnnual report
「The Group analyzes past cases that could affect quality control and thoroughly implements preventive measures to maintain and improve quality control systems in its manufacturing divisions and at suppliers. It also maintains product liability insurance in preparation for serious incidents and works to minimize these risks.」
The Group continues to address these risks through its quality principles, analysis of past cases, preventive measures, quality control including at suppliers, and product liability insurance. - FY2020First statedAnnual report
「However, if defects or quality failures in the Group's products cause defects or other problems in customers' products, the Group may be required to pay compensation.」
The possibility of defects in customers' products caused by defects or quality failures in the Group's products, and resulting compensation claims, was newly included as a business risk.