Liability Risk for Repair and Replacement Work Due to Defects-Warranty Obligations
First written in FY2016. 10 of 12 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Our Company has liability for nonconformity with contract in relation to exterior wall and other construction work it has performed.」
The disclosure continues to describe liability for nonconformity with contract in relation to exterior wall and other construction work and the possibility of liability for repair, replacement, and similar work. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no occurrences of the major risks that management recognizes could have a material impact on the financial position, operating results or cash flows of the company, nor any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year, among the matters concerning the business and financial condition described in this quarterly report.」
The treatment of the risk of liability for repair, replacement, and similar work due to liability for nonconformity with contract remains unchanged, with no material changes. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of liability for repair, replacement, and similar work due to defect warranty obligations remains unchanged, with no material changes. - FY2021ReframedAnnual report
「Our Company has liability for nonconformity with contract in relation to exterior wall and other construction work it has performed. Accordingly, if defects arise within the scope of this liability for nonconformity with contract, the Company may incur liability for repair, replacement, and other work.」
The previous reference to defect liability has been revised to use the term liability for nonconformity with contract. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The treatment of the risk of liability for repair, replacement, and similar work due to defect warranty obligations remains unchanged, with no new developments or material changes. - FY2018RestatedAnnual report
「Under the Act on Promotion of Quality Assurance in Housing, our Group has defect liability for exterior wall and other construction work it has performed. Accordingly, if defects arise within the scope of this defect liability, the Group may incur liability for repair, replacement, and other work.」
The disclosure continues to describe defect liability for exterior wall and other construction work and the risk of liability for repair, replacement, and similar work. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The treatment of the risk of liability for repair, replacement, and similar work due to defect warranty obligations remains unchanged, with no new developments or material changes. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The treatment of the risk of liability for repair, replacement, and similar work due to defect warranty obligations remains unchanged, with no new developments or material changes. - FY2017RestatedAnnual report
「Under the Act on Promotion of Quality Assurance in Housing, our Group has defect liability for exterior wall and other construction work it has performed.」
The disclosure continues to state that the Group may incur liability for repair, replacement, and similar work if defects arise in exterior wall and other construction work. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The treatment of the risk of liability for repair, replacement, and similar work due to defect warranty obligations remains unchanged, with no new developments or material changes. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The treatment of the risk of liability for repair, replacement, and similar work due to defect warranty obligations remains unchanged, with no new developments or material changes. - FY2016First statedAnnual report
「Under the Act on Promotion of Quality Assurance in Housing, our Group has defect liability for exterior wall and other construction work it has performed. Accordingly, if defects arise within the scope of this defect liability, the Group may incur liability for repair, replacement, and other work.」
The disclosure states that the Group may incur liability for repair, replacement, and similar work if defects arise in exterior wall and other construction work.