Risks of product defects, product liability and recalls
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2019RestatedAnnual report
「The Group continues to work to further improve product quality in accordance with ISO 13485, the international standard for quality management of medical devices. However, there is no guarantee that its products will remain free of defects or that costs associated with product liability claims, recalls or other matters will not arise in the future.」
The company continues to disclose its efforts to improve quality under ISO 13485 and the risks of product defects, product liability and recalls. - FY2018RestatedAnnual report
「The Group continues to work to further improve product quality in accordance with ISO 13485, the international standard for quality management of medical devices. However, there is no guarantee that its products will remain free of defects or that costs associated with product liability claims, recalls or other matters will not arise in the future.」
While describing its efforts to improve quality under ISO 13485, the company reiterates the possibility of product defects, product liability claims and recalls. - FY2017RestatedAnnual report
「The Group continues to work to further improve product quality in accordance with ISO 13485, the international standard for quality management of medical devices. However, there is no guarantee that its products will remain free of defects or that costs associated with product liability claims, recalls or other matters will not arise in the future.」
While outlining its efforts to improve quality, the company reiterates the possibility of product defects, product liability claims and recalls. - FY2016First statedAnnual report
「The Group continues to work to further improve product quality in accordance with ISO 13485, the international standard for quality management of medical devices. However, there is no guarantee that its products will remain free of defects or that costs associated with product liability claims, recalls or other matters will not arise in the future.」
While describing its efforts to improve quality, the company identifies the possibility of product defects, product liability claims and recall costs as risks.