Product Defects, Recalls and Brand Damage
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If a product defect leading to a large-scale free replacement (recall) were to occur and the Group were held liable for damages, substantial costs would be incurred. This could also significantly reduce evaluations of the products and the Company's credibility, resulting in damage to the Group's brand. In addition, an accident caused by a product defect or other event could lead to litigation with a third party concerning negligence or compensation.」
The disclosure continues to include the possibility of third-party litigation in addition to defects, recalls and brand damage. - FY2023ReframedAnnual report
「In addition, an accident caused by a product defect or other event could lead to litigation with a third party concerning negligence or compensation.」
In addition to the previously disclosed risks of defects, recalls and brand damage, the possibility of third-party litigation arising from an accident caused by a defect was explicitly stated. - FY2019RestatedAnnual report
「If a product defect leading to a large-scale free replacement (recall) were to occur and the Group were held liable for damages, substantial costs would be incurred. This could also significantly reduce evaluations of the products and the Company's credibility, resulting in damage to the Group's brand.」
The risks of product defects, recalls, damages claims and brand damage continue to be disclosed. - FY2018RestatedAnnual report
「If a product defect leading to a large-scale free replacement (recall) were to occur and the Group were held liable for damages, substantial costs would be incurred. This could also significantly reduce evaluations of the products and the Company's credibility, resulting in damage to the Group's brand.」
The risks of product defects, recalls, damages claims and brand damage continue to be disclosed. - FY2017RestatedAnnual report
「If a product defect leading to a large-scale free replacement (recall) were to occur and the Group were held liable for damages, substantial costs would be incurred. This could also significantly reduce evaluations of the products and the Company's credibility, resulting in damage to the Group's brand.」
The risks of product defects, recalls, damages claims and brand damage continue to be disclosed. - FY2016First statedAnnual report
「If a product defect leading to a large-scale free replacement (recall) were to occur and the Group were held liable for damages, substantial costs would be incurred. This could also significantly reduce evaluations of the products and the Company's credibility, resulting in damage to the Group's brand.」
The Company also discloses that product liability insurance may not fully cover the damages payable.