Defects in Assets, Products, Construction Work and Services
First written in FY2016. 1 of 2 entries say "Worsened", first in FY2017. Latest entry: FY2017.
Nankai moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Worsened".
- FY2017WorsenedAnnual report
「If defects or deficiencies are discovered in assets owned by our group, or if concerns are raised that they may affect health or the surrounding environment, costs may be incurred for remediation, restoration to the original condition and compensation. In addition, if defects or deficiencies are discovered in products sold, real estate disposed of, construction projects undertaken or services provided by our group, the Group's operating results and financial condition may be adversely affected by costs incurred for remediation and compensation, as well as loss of public confidence.」
Expanded the scope from products sold, real estate disposed of, construction projects undertaken and services provided to owned assets, and explicitly addressed potential impacts on health and the surrounding environment. - FY2016First statedAnnual report
「If defects or deficiencies are discovered in products sold, real estate disposed of, construction projects undertaken or services provided by our group, the Group's operating results and financial condition may be adversely affected by costs incurred for remediation and compensation, as well as loss of public confidence.」
Describes cost and reputational risks associated with quality issues involving products, real estate, construction projects and services.