Risk of Product Defects and Product Liability
First written in FY2016. 11 of 13 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2022Product defect risk identified as a particularly significant risk.Annual report
「Product defects * Particularly significant risk」
Product defects and product liability risk has been identified as a particularly significant risk, with QMS compliance, maintenance of certifications, traceability, and product liability insurance presented as countermeasures. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2020-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2019-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No material changes are reported in the risks relating to product defects and product liability. - FY2016First statedAnnual report
「If a product defect or other issue arises in the future that leads to substantial product liability, the Group may incur significant costs, including product recall and replacement costs. This could also damage its corporate valuation and reputation and have a material impact on the Group's operating results and financial position.」
Although the company manufactures products for which approval and certification have been obtained, it states that product defects and adverse effects cannot be completely ruled out.