Defect and product-liability risk relating to sporting-gun products
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2024.
Miroku moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「However, if a malfunction or defect occurs that leads to a large-scale product recall or product liability damages, it could significantly damage social trust and affect the Group's operating results and financial position through the incurrence of substantial costs, suspension of production lines and a decline in sales, among other factors.」
In connection with product quality issues previously described as future risks, a defect in the manufacturing process during the current period led to a temporary production-line shutdown and lower sales. - FY2023RestatedAnnual report
「If defects arise that lead to a large-scale product recall or product-liability damages, this could materially harm public trust and affect the Group's business performance and financial position through significant costs, lower revenue and other effects.」
The company is reconfirming the risks of recalls, product liability damages, higher costs and lower sales resulting from defects in sporting firearms. - FY2022RestatedAnnual report
「If defects arise that lead to a large-scale product recall or product-liability damages, this could materially harm public trust and affect the Group's business performance and financial position through significant costs, lower revenue and other effects.」
The company is reconfirming the risks of recalls, product liability damages, higher costs and lower sales resulting from malfunctions or defects in sporting firearms. - FY2021RestatedAnnual report
「If defects arise that lead to a large-scale product recall or product-liability damages, this could materially harm public trust and affect the Group's business performance and financial position through significant costs, lower revenue and other effects.」
The company is reconfirming the risks of recalls, product liability damages, costs and lower sales resulting from malfunctions or defects in sporting firearms. - FY2020First statedAnnual report
「If defects arise that lead to a large-scale product recall or product-liability damages, this could materially harm public trust and affect the Group's business performance and financial position through significant costs, lower revenue and other effects.」
The company identified recalls, product-liability damages, loss of trust, higher costs and lower revenue resulting from defects in hunting-gun products as risks.