Reputational Damage and Deterioration in Business Performance Resulting from Product Defects, Recalls and Food Quality Issues
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2022RestatedAnnual report
「If this risk materializes, it could result in substantial costs and a decline in sales volumes due to large-scale product recalls, product liability claims, a loss of public trust and other factors, potentially having a material adverse effect on the financial position, operating results and cash flows of the Group.」
The company continues to identify the risks of reputational damage and deteriorating business performance arising from food safety issues, product defects and recalls as major risks. - FY2021RestatedAnnual report
「If this risk materializes, it could result in substantial costs and a decline in sales volumes due to large-scale product recalls, product liability claims, a loss of public trust and other factors, potentially having a material adverse effect on the financial position, operating results and cash flows of the Group.」
The company continues to identify the risks of reputational damage and deteriorating business performance associated with food safety, product defects and recalls as major risks. - FY2019RestatedAnnual report
「Product defects leading to large-scale recalls or product liability claims could incur substantial costs, significantly damage the Group's reputation, reduce sales and adversely affect the Group's results.」
While conducting food safety and quality control, the Group continues to identify residual risks from product defects, recalls and product liability claims. - FY2016First statedAnnual report
「However, there is no guarantee that all products will be free of defects or that no product recalls will occur in the future. Product defects leading to large-scale recalls or product liability claims could incur substantial costs, significantly damage the Group's reputation, reduce sales and adversely affect the Group's results.」
Although the Group conducts health, safety and quality control, the possibility of product recalls and product liability claims remains as a residual risk.