Product Liability Damages Risk
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The products, materials, and other items handled by our group carry an inherent risk of product liability arising from product defects.」
The disclosure continues to address product liability risks, including product defects, personal injury and property damage, voluntary recalls, and the possibility that claims may exceed insurance coverage. - FY2025RestatedAnnual report
「We have product liability insurance to cover this risk, but if defects are discovered during clinical trials or testing and we incur substantial product liability exceeding the insurance coverage, this may affect our group’s business strategy and performance.」
The risk of product liability claims and the impact if claims exceed insurance coverage continue to be disclosed. - FY2024First statedAnnual report
「All products, parts, materials, and other items handled by our group carry an inherent risk of product liability claims. We have product liability insurance to cover this risk, but if defects are discovered during clinical trials or testing and we incur substantial product liability exceeding the insurance coverage, this may affect our group’s business strategy and performance.」
The risk of product liability claims arising from defects in products and materials, and the potential impact if claims exceed insurance coverage, was identified for the first time as a standalone risk.