Product liability risk from product defects and recalls
First written in FY2022. 1 of 3 entries say "Mitigated", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 58 companies on the "Worse" side.
- FY2025RestatedAnnual report
「However, if quality issues such as product defects result in a recall or otherwise lead to product liability, this may affect the Company’s financial position, operating results and other aspects of its business.」
The possibility of product defects, recalls and product liability continues to be disclosed. - FY2024MitigatedAnnual report
「For the products it sells, the Company seeks to maintain quality by establishing internal quality control standards and conducting pre-shipment inspections through its quality control department. It also conducts regular on-site inspections of manufacturing plants to establish a quality control system.」
Quality control standards, pre-shipment inspections and regular on-site inspections of manufacturing plants are disclosed as measures addressing the risks of product defects and recalls. - FY2022First statedAnnual report
「However, if quality issues such as product defects result in a recall or otherwise lead to product liability, this may affect the Company’s financial position, operating results and other aspects of its business.」
The possibility of product defects, recalls and product liability is disclosed separately as a risk for the first time.