Brand damage and risk to continued business resulting from quality defects and product liability
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group has established strict quality standards and responds under an appropriate quality-control system. However, if an unforeseen event attributable to the Group, a supplier or another party results in an incident giving rise to product liability for a product, leading to damage to the Group's corporate or brand image or liability for damages, the Group's performance may be affected.」
Restates the risk of brand damage and damages claims resulting from quality defects and product liability incidents. - FY2019RestatedAnnual report
「The Group has established strict quality standards and responds under an appropriate quality-control system. However, if an unforeseen event attributable to the Group, a supplier or another party results in an incident giving rise to product liability for a product, leading to damage to the Group's corporate or brand image or liability for damages, the Group's performance may be affected.」
Restates the risk of brand damage and damages claims resulting from quality defects and product liability incidents. - FY2018RestatedAnnual report
「The Group has established strict quality standards and responds under an appropriate quality-control system. However, if an unforeseen event attributable to the Group, a supplier or another party results in an incident giving rise to product liability for a product, leading to damage to the Group's corporate or brand image or liability for damages, the Group's performance may be affected.」
Restates the risk of brand damage and damages claims resulting from quality defects and product liability incidents. - FY2017First statedAnnual report
「The Group has established strict quality standards and responds under an appropriate quality-control system. However, if an unforeseen event attributable to the Group, a supplier or another party results in an incident giving rise to product liability for a product, leading to damage to the Group's corporate or brand image or liability for damages, the Group's performance may be affected.」
While presenting quality standards and a management system as mitigating measures, describes the possibility of product liability incidents, deterioration in brand image, damages claims and difficulty continuing transactions with major customers.