Defects and Deficiencies in Assets Held and Products Sold
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2023.
1 other company's latest entry also says "Restated".
- FY2023RestatedAnnual report
「If defects or deficiencies arise in products and other items sold by the Group, the resulting costs of recalls, improvements and compensation, as well as loss of credibility, may affect the Group's performance.」
The risks of costs and loss of credibility associated with defects and deficiencies in owned assets and products for sale are reiterated. - FY2019RestatedAnnual report
「If defects or deficiencies arise in real estate or other assets owned by the Group, or if it is determined that they may affect health or the surrounding environment, costs may be incurred for improvements, restoration to the original condition and compensation. In addition, if defects or deficiencies arise in products and other items sold by the Group, the resulting costs of recalls, improvements and compensation, as well as loss of credibility, may affect the Group's performance.」
The risks of costs and loss of credibility associated with defects and deficiencies in owned assets and products for sale are reiterated. - FY2017WorsenedAnnual report
「If defects or deficiencies arise in real estate or other assets owned by the Group, or if it is determined that they may affect health or the surrounding environment, costs may be incurred for improvements, restoration to the original condition and compensation. In addition, if defects or deficiencies arise in products and other items sold by the Group, the resulting costs of recalls, improvements and compensation, as well as loss of credibility, may affect the Group's performance.」
In addition to owned assets, the disclosure explicitly identifies recalls, improvements, compensation and loss of credibility relating to products and other items sold by the Group as risk areas. - FY2016First statedAnnual report
「If defects or deficiencies arise in real estate or other assets owned by the Group, or if it is determined that they may affect health or the surrounding environment, costs may be incurred for improvements, restoration to the original condition and compensation.」
The Group anticipates costs and loss of credibility arising from quality issues involving real estate, products and other assets.