Potential for Product Defects and Large-Scale Recalls
First written in FY2016. 8 of 9 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
49 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if an accident occurs resulting in product-liability claims due to product defects or installation and setup failures, and this causes a decline in the group's corporate or brand image or gives rise to damages liability exceeding the coverage limit of its product-liability insurance, the group's performance and financial condition could be affected.」
The company continues to identify risks including product defects, installation and setup failures, damage to its brand image, and damages liability exceeding insurance coverage limits. - FY2023RestatedAnnual report
「The group has obtained certification under ISO 9001, the international standard for quality management systems, and manufactures products in accordance with its requirements.」
The company describes controls including ISO 9001, voluntary product-safety guidelines, and product-recall procedures, while continuing to identify product-liability risks arising from product defects and installation failures. - FY2022RestatedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While complying with quality-control standards, the company continues to disclose the possibility of product defects and large-scale recalls as residual risks. - FY2021RestatedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While complying with quality-control standards, the company continues to disclose the possibility of product defects and large-scale recalls as residual risks. - FY2020RestatedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While complying with quality-control standards, the company continues to disclose the possibility of product defects and large-scale recalls as residual risks. - FY2019RestatedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While complying with quality-control standards, the company continues to disclose the possibility of product defects and large-scale recalls as residual risks. - FY2018RestatedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While complying with quality-control standards, the company continues to disclose the possibility of product defects and large-scale recalls as residual risks. - FY2017RestatedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While complying with quality-control standards, the company continues to disclose the possibility of product defects and large-scale recalls as residual risks. - FY2016First statedAnnual report
「The group manufactures products in accordance with globally recognized quality-control standards. However, it cannot guarantee that all products will be free of defects or that no recalls will occur in the future. If a large-scale recall were to occur, it could affect the group's performance.」
While stating its policy of complying with quality-control standards, the company discloses the possibility of product defects and recalls as risks.