Product Liability and Product Accident Risks
First written in FY2020. 10 of 11 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「In addition, we carry product liability insurance in preparation for product liability arising in connection with our products.」
The company continues to disclose product accident and product liability risks and identifies the Quality Assurance Department and product liability insurance as countermeasures. - FY2024-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2023RestatedAnnual report
「In addition, we carry comprehensive commercial liability insurance in preparation for claims for damages or other compensation relating to our products.」
The company continues to disclose product accident and product liability risks and identifies the Quality Assurance Department and liability insurance as countermeasures. - FY2023-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2022-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2022-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2021RestatedAnnual report
「In addition, we carry product liability insurance in preparation for claims or other compensation relating to our products.」
The company continues to disclose product accident and product liability risks and identifies establishing a Quality Assurance Department and carrying product liability insurance as countermeasures. - FY2021-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2021-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes relating to product liability and product accident risks. - FY2020First statedAnnual report
「However, if an accident caused by one of our products results in product liability, or if our reputation and social credibility decline, sales stagnate or substantial compensation payments arise, this could have a material impact on our financial condition, operating results and other matters. In addition, we carry product liability insurance in preparation for claims or other compensation relating to our products.」
The company explicitly identifies reputational damage, weaker sales and compensation payments resulting from product accidents as risks, and describes establishing a Quality Assurance Department and carrying product liability insurance as countermeasures.