Replace the wheel rotation sensor if it is cracked, bent, or otherwise damaged.

Rear Wheel Rotation Sensor Installation
Wheel Rotation Sensor Air Gap InspectionFront Forks/Rear Shock Absorber Operation Inspection
Pump the forks down and up [A] 4 or 5 times, and inspect
the smooth stroke.
If the forks do not smoothly or noise is found, inspect the
fork oil level or fork clamps (see Front Fork Oil Change in
the Suspension chapter).
Pump the rear seat down and up [A] 4 or 5 times, and
inspec ...
Self-Diagnosis Procedures
NOTE
Use a fully charged battery when conducting
self-diagnosis. Otherwise, the light (LED) and symbol
do not light or blink.
Turn the ignition switch to ON.
When a problem occurs with DFI system and ignition system,
the warning indicator light (LED) [A] goes on and
FI warning symbol ...
Wheel/Tire Damage Inspection
Remove any imbedded stones [A] or other foreign particles
[B] from tread.
Visually inspect the tire for cracks and cuts, and replace
the tire if necessary. Swelling or high spots indicate internal
damage, requiring tire replacement.
Visually inspect the wheel for cracks, cuts and dents ...