Quality Issues and Product Recall Risk
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
125 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, if quality issues or other problems arise due to unforeseen factors, they may result in substantial costs and seriously affect the evaluation of the Group's quality control, and may affect the Group's financial position and operating results through lower sales.」
The Group continues to disclose the risks of quality issues, related costs, effects on quality assessments and lower sales. - FY2023RestatedAnnual report
「However, if quality issues or other problems arise due to unforeseen factors, they may result in substantial costs and seriously affect the evaluation of the Group's quality control, and may affect the Group's financial position and operating results through lower sales.」
The Group continues to disclose the risks of quality issues, related costs, effects on quality assessments and lower sales. - FY2022RestatedAnnual report
「However, if quality issues or other problems arise due to unforeseen factors, they may result in substantial costs and seriously affect the evaluation of the Group's quality control, and may affect the Group's financial position and operating results through lower sales.」
The Group continues to disclose the risks of quality issues, related costs, effects on quality assessments and lower sales. - FY2021RestatedAnnual report
「The Group regards product quality and safety as among its highest management priorities and works to maintain rigorous quality control on an ongoing basis.」
The Group continues to disclose the risks of quality issues, product recalls and product liability claims, and describes measures including audits of local plants, traceability, a quality control committee and study sessions led by experts. - FY2020RestatedAnnual report
「However, if quality issues or other problems arise due to unforeseen factors, they may result in substantial costs and seriously affect the evaluation of the Group's quality control, and may affect the Group's financial position and operating results through lower sales.」
The Group continues to disclose the risks of quality issues, related costs, effects on quality assessments and lower sales. - FY2018RestatedAnnual report
「However, if quality issues or other problems arise due to unforeseen factors, they may result in substantial costs and seriously affect the evaluation of the Group's quality control, and may affect the Group's financial position and operating results through lower sales.」
The Group continues to disclose the risks of quality issues, related costs and lower sales even after recognizing claim compensation costs in the previous fiscal year. - FY2017MaterialisedAnnual report
「Claim Compensation Costs」
The Group recognized ¥14.759 million in claim compensation costs as an extraordinary loss during the fiscal year, indicating that the risk of costs associated with quality issues actually materialized. - FY2016First statedAnnual report
「However, if quality issues or other problems arise due to unforeseen factors, they may result in substantial costs and seriously affect the evaluation of the Group's quality control, and may affect the Group's financial position and operating results through lower sales.」
While treating quality control as one of its highest priorities, the Group discloses the possibility of quality issues, product recalls and product liability claims.