Risk of Selling Defective or Flawed Products
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2025RestatedAnnual report
「If we sell defective or otherwise non-conforming products in these businesses, we may be subject to government regulation and may incur costs arising from product liability, liability for damages due to breach of contract and other claims. In addition, declines in sales due to loss of consumer confidence and other factors may affect our operating performance and financial condition.」
The company continues to face risks of regulation, liability for damages and declining sales due to loss of consumer confidence relating to non-conforming products. - FY2022ReframedAnnual report
「If we sell defective or otherwise non-conforming products in these businesses, we may be subject to government regulation and may incur costs arising from product liability, liability for damages due to breach of contract and other claims. In addition, declines in sales due to loss of consumer confidence and other factors may affect our operating performance and financial condition.」
The wording changed from “defective products” to “products that do not conform to the contract,” and a decline in sales due to loss of consumer confidence was added as an impact. - FY2021RestatedAnnual report
「If we sell defective or otherwise non-conforming products in these businesses, we may be subject to government regulation and may incur costs arising from product liability, liability for damages due to breach of contract and other claims.」
The company continues to face risks of regulation, liability for damages and associated costs arising from the sale of defective or non-conforming products. - FY2019RestatedAnnual report
「If we sell defective or otherwise non-conforming products in these businesses, we may be subject to government regulation and may incur costs arising from product liability, liability for damages due to breach of contract and other claims.」
The company continues to face risks of regulation, product liability, liability for damages and associated costs arising from the sale of defective or non-conforming products. - FY2018RestatedAnnual report
「If we sell defective or otherwise non-conforming products in these businesses, we may be subject to government regulation and may incur costs arising from product liability, liability for damages due to breach of contract and other claims.」
The company continues to face risks of regulation, liability for damages and associated costs arising from the sale of defective or non-conforming products. - FY2017First statedAnnual report
「If we sell defective or otherwise non-conforming products in these businesses, we may be subject to government regulation and may incur costs arising from product liability, liability for damages due to breach of contract and other claims.」
The company identifies the potential for government regulation, product liability, damages and loss of consumer confidence arising from the sale of defective products and other products.