Legal and regulatory risks relating to product liability, labeling, food sanitation, the Pharmaceutical and Medical Device Act and other matters
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2017: 2 of 14 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「The main laws and regulations applicable to the Group's business operations include the Product Liability Act (the PL Act), the Act against Unjustifiable Premiums and Misleading Representations, the Food Sanitation Act and the PMD Act (formerly the Pharmaceutical Affairs Act).」
The disclosure continues to identify regulatory risks relating to product safety, labeling, food sanitation and the PMD Act. - FY2017RestatedAnnual report
「The main laws and regulations applicable to the Group include the Product Liability Act (the PL Act), the Act against Unjustifiable Premiums and Misleading Representations, the Food Sanitation Act and the PMD Act (formerly the Pharmaceutical Affairs Act).」
The disclosure continues to identify regulatory risks relating to product safety, labeling, food sanitation and the PMD Act. - FY2016First statedAnnual report
「The main laws and regulations applicable to the Group include the Product Liability Act (the PL Act), the Act against Unjustifiable Premiums and Misleading Representations, the Food Sanitation Act and the PMD Act (formerly the Pharmaceutical Affairs Act).」
The disclosure describes the possibility of violating multiple product- and labeling-related laws and regulations and the use of product liability insurance as a mitigation measure.