Litigation and reputational risk arising from defects in products and construction methods
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In response, the Group is rigorously improving quality during the design and development stages and verifying quality through durability and other testing. It also works to prevent accidents caused by differences in understanding by holding thorough advance discussions with business partners concerning the permitted applications of products and safe construction methods.」
The Group continues to conduct quality verification and hold advance discussions on the safe use and installation of products in response to the risks of product defects and litigation. - FY2020MitigatedAnnual report
「In response, the Group is rigorously improving quality during the design and development stages and verifying quality through durability and other testing. It also works to prevent accidents caused by differences in understanding by holding thorough advance discussions with business partners concerning the permitted applications of products and safe construction methods.」
As measures against defects and accidents involving products and manufacturing methods, the Group explicitly identifies quality verification and advance discussions on permitted applications and safe construction methods. - FY2017RestatedAnnual report
「No litigation or other proceedings currently pending are expected to have a material impact on the Group’s business, and the Group takes every possible measure to prevent such accidents. However, if a product were defective and this resulted in the collapse of a site where the product or manufacturing method had been supplied, the Group’s creditworthiness could decline, and depending on the allocation of compensation costs, the Group’s performance could be affected.」
While stating that there is no material litigation, the Group has reconfirmed the risks of litigation, reputational damage and compensation costs arising from defective products or the collapse of sites caused by flooding or other events. - FY2016First statedAnnual report
「No litigation or other proceedings currently pending are expected to have a material impact on the Group’s business, and the Group takes every possible measure to prevent such accidents. However, if a product were defective and this resulted in the collapse of a site where the product or manufacturing method had been supplied, the Group’s creditworthiness could decline, and depending on the allocation of compensation costs, the Group’s performance could be affected.」
While stating that there is currently no material litigation, the Group identifies litigation, reputational damage and compensation costs arising from defects in products or manufacturing methods and the collapse of sites as risks.