Product defects and damages
First written in FY2016. 4 of 9 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2024.
Takada moved to the "Worse" side of this theme in 2020, 6 years before the typical company in this theme (2026).
The whole theme swung hardest in 2025: 5 of 35 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Although we take every possible measure to ensure quality control, if damages claims arise under liability for nonconformity to contract or product liability, they may affect the performance of the Group.」
The risk of damages claims under liability for nonconformity to contract and product liability continues to be disclosed. - FY2023-Q3MaterialisedAnnual report
「Construction-related compensation payments － 180,060」
¥180.06 million in compensation payments related to defects in products and construction was recorded as an extraordinary loss. - FY2022-Q2MaterialisedAnnual report
「Construction-related compensation payments － 4,423」
The company disclosed that it paid ¥4.423 million during the cumulative second-quarter period in construction-related compensation payments associated with damage to customer equipment. - FY2021MaterialisedAnnual report
「Net income attributable to owners of the parent declined by ¥372 million to ¥1,054 million, down 26.1% year on year, because impairment losses recognized under the accounting standard for impairment of fixed assets and construction-related compensation payments arising from defects in work by an overseas subsidiary were recorded as extraordinary losses after profitability deteriorated at certain offices due to lower net sales.」
Construction-related compensation payments arising from defects in work by an overseas subsidiary were a factor behind the full-year extraordinary loss and the decline in net income attributable to owners of the parent. - FY2021-Q2MaterialisedAnnual report
「(1) During construction undertaken by consolidated subsidiary Sri Takada Industries (Malaysia) Sdn. Bhd., an incident occurred in which part of a customer's equipment was damaged. A subsequent investigation confirmed in August 2020 that the company's work was the primary cause. The scope and amount subject to the damages claim are being discussed with the customer, and it is currently difficult to reasonably estimate the amount of the impact of this matter on earnings. (2) In September 2020, an incident occurred that affected a customer's operations due to defects in construction undertaken in the previous consolidated fiscal year by consolidated subsidiary Singapore Takada Industries Pte. Ltd. The scope and amount subject to the damages claim are being discussed with the customer, and it is currently difficult to reasonably estimate the amount of the impact of this matter on earnings.」
Actual incidents occurred involving damage to customer equipment primarily caused by work performed by the Malaysian subsidiary and an impact on customer operations due to construction defects by the Singapore subsidiary; the scope and amount of the damages claims are stated to be under discussion. - FY2020ReframedAnnual report
「Although we take every possible measure to ensure quality control, if damages claims arise under liability for nonconformity to contract or product liability, they may affect the performance of the Group.」
Although the wording changed from “warranty against defects” to “liability for nonconformity to contract,” the substance, namely the risk of damages claims including product liability, has been maintained. - FY2018RestatedAnnual report
「Although we take every possible measure to ensure quality control, if damages claims arise under warranty against defects or product liability, they may affect our earnings.」
The risk of damages claims under warranty against defects and product liability continues to be disclosed. - FY2017RestatedAnnual report
「Although we take every possible measure to ensure quality control, if damages claims arise under warranty against defects or product liability, they may affect our earnings.」
The risk of damages claims under warranty against defects and product liability continues to be disclosed. - FY2016First statedAnnual report
「Although we take every possible measure to ensure quality control, if damages claims arise under warranty against defects or product liability, they may affect our earnings.」
Damages claims under warranty against defects and product liability were disclosed as quality-related risks.