Product Defect and Product Liability Risk
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The Group manufactures products in accordance with global quality control standards, but there is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company reiterates the possibility of product defects, claims and insufficient coverage under product liability insurance. - FY2022RestatedAnnual report
「The Group manufactures products in accordance with global quality control standards, but there is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company reiterates the possibility of product defects, claims and insufficient coverage under product liability insurance. - FY2021RestatedAnnual report
「The Group manufactures products in accordance with global quality control standards, but there is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company reiterates the possibility of product defects, claims and insufficient coverage under product liability insurance. - FY2020RestatedAnnual report
「There is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company reiterates the possibility of product defects, claims and insufficient coverage under product liability insurance. - FY2019RestatedAnnual report
「There is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company reiterates the possibility of product defects, claims and insufficient coverage under product liability insurance. - FY2017RestatedAnnual report
「The Group manufactures products in accordance with global quality control standards, but there is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company describes its quality control standards and product liability insurance, and reiterates the possibility of product defects, claims and insufficient coverage. - FY2016First statedAnnual report
「There is no assurance that all products will be free of defects or that claims will not arise in the future. The Group has insurance covering product liability, but there is no assurance that the amount of coverage will be sufficient to cover damages.」
The company describes its quality control standards and insurance coverage while indicating the possibility of product defects and insufficient insurance coverage.