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If a custom component throws a checked exception in its constructor, there is no way to change initComponents() signature in order to declare it.
True, this is not supported. A known design limitation, would be nice to implement. There is a workaround - obvious, but requires to write code by hand. E.g. instantiate the component in code before calling initComponents() and handle the exception the way you want. Assign the component to a field. Then in the GUI builder specify "Custom Creation Code" for the component - use the field where you assigned the component. *** This issue has been marked as a duplicate of 116989 ***