Risk of production disruptions due to failures of aging manufacturing equipment and changes in laws and regulations
First written in FY2020. 1 of 3 entries say "Mitigated", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2021: 5 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「At its manufacturing sites, the Group carries out planned repairs and partial replacements to maintain and renew manufacturing equipment. However, if a serious failure occurs in large, old equipment, repairs may be delayed because parts and other items cannot readily be procured, or production may be interrupted because the equipment cannot be repaired.」
Continued addressing the risk of failures at aging large-scale facilities through planned repairs and partial replacement. - FY2022MitigatedAnnual report
「At its manufacturing sites, the Group carries out planned repairs and partial replacements to maintain and renew manufacturing equipment. However, if a serious failure occurs in large, old equipment, repairs may be delayed because parts and other items cannot readily be procured, or production may be interrupted because the equipment cannot be repaired.」
Identified planned repairs and partial replacement as measures to address the risk posed by aging equipment. - FY2020First statedAnnual report
「If a serious failure occurs in large, old manufacturing equipment, repairs may be delayed because parts and other items cannot readily be procured, or production may be interrupted because the equipment cannot be repaired. In addition, substantial capital expenditure resulting from unforeseeable major changes in laws and regulations could affect the operating results and financial position of the Group.」
The Group newly disclosed the risks of repair delays and production interruptions caused by failures of aging large-scale equipment, as well as the capital expenditure burden caused by major changes in laws and regulations.