Risk of losses from product defects and product liability
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 12 of 60 companies on the "Worse" side.
- FY2023RestatedAnnual report
「There is no guarantee that all products are free from defects or that no claims will arise in the future. The company also carries product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of damages payable.」
The company continues to disclose the possibility of product defects, claims and product liability damages, as well as the limits of insurance coverage as a response. - FY2021RestatedAnnual report
「There is no guarantee that all products are free from defects or that no claims will arise in the future. The company also carries product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of damages payable.」
The company continues to disclose the possibility of product defects, claims and product liability damages. - FY2019RestatedAnnual report
「There is no guarantee that all products are free from defects or that no claims will arise in the future. The company also carries product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of damages payable.」
The company continues to disclose the possibility of product defects, claims and product liability damages. - FY2018RestatedAnnual report
「There is no guarantee that all products are free from defects or that no claims will arise in the future. The company also carries product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of damages payable.」
The company continues to disclose the possibility of product defects, claims and product liability damages. - FY2017RestatedAnnual report
「There is no guarantee that all products are free from defects or that no claims will arise in the future. The company also carries product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of damages payable.」
The company continues to disclose the possibility of product defects, claims and product liability damages. - FY2016First statedAnnual report
「There is no guarantee that all products are free from defects or that no claims will arise in the future. The company also carries product liability insurance, but there is no guarantee that the insurance will ultimately provide sufficient coverage for the amount of damages payable.」
While maintaining quality controls and product liability insurance, the company discloses the possibility of major claims and product liability damages as risks.