Risk of Product Recalls Due to Product Liability and Deficient Labeling
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2022-Q2MaterialisedAnnual report
「This represents a settlement payment relating to customer claims against the Company's products.」
Regarding product risks, the company recognized ¥48.648 million as an extraordinary loss for a settlement payment related to customer claims concerning its products. - FY2019RestatedAnnual report
「It is impossible to eliminate the possibility of lawsuits arising from product defects or inadequate labeling on product packaging, or of circumstances leading to large-scale product recalls or damages that cannot be covered by insurance.」
The company continues to disclose the risks of litigation, product recalls, and damages arising from product liability and inadequate labeling. - FY2017RestatedAnnual report
「It is impossible to eliminate the possibility of lawsuits arising from product defects or inadequate labeling on product packaging, or of circumstances leading to large-scale product recalls or damages that cannot be covered by insurance. If such circumstances arise, the Group's performance could be adversely affected.」
The company continues to disclose the risks of product liability, inadequate labeling, product recalls, and damages. - FY2016First statedAnnual report
「It is impossible to eliminate the possibility of lawsuits arising from product defects or inadequate labeling on product packaging, or of circumstances leading to large-scale product recalls or damages that cannot be covered by insurance. If such circumstances arise, the Group's performance could be adversely affected.」
The company discloses the risks of litigation, product recalls, and damages arising from product defects and inadequate labeling.