Product Liability, Industrial Accidents and Major Disasters
First written in FY2016. 7 of 9 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2026.
Kaneka moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2021: 6 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「We have recorded the costs of measures, including those expected to be necessary in the future, for the inspection and replacement of solar power generation feeder cables that we are voluntarily undertaking to ensure safety.」
¥2,502 million in product warranty costs was recorded for the inspection and replacement of solar power generation feeder cables at 6,803 buildings, and the cause of the defect was determined to be the quality of cables supplied by another company. - 2026-05-14MaterialisedEarnings
「It has been determined that the cause of the defect was the quality of the lead-in cables supplied by another company.」
Regarding defects in solar-power lead-in cables, the company describes ongoing inspections and replacements, the technical verification that the cause was the quality of the supplied cables, and the associated remediation costs. - FY2025-H1MaterialisedAnnual report
「Losses from disasters 504」
Losses from disasters of ¥504 million were recorded as an extraordinary loss during the current interim consolidated accounting period. - FY2023-Q2MaterialisedAnnual report
「Consumers have increasingly refrained from purchasing in response to reports of food price increases and other factors. Although there was also adverse weather, including major typhoons, performance has recovered through price revisions and expanded sales of higher-value-added products.」
It states that reduced consumer purchasing and adverse weather, including major typhoons, actually occurred in the food business and affected the operating environment. - FY2021MaterialisedAnnual report
「Losses associated with the severe cold wave that occurred in the United States in February 2021 have been recorded.」
Regarding the risk of major natural disasters, disaster losses of ¥1,099 million associated with the severe cold wave in the United States were recorded in the current period, indicating that the risk has materialised. - FY2019-Q2MaterialisedAnnual report
「Foam & Residential Techs expanded sales amid weak demand caused by lower fish catches due to typhoons and earthquakes, and delays in civil engineering and construction work.」
It states that reduced catches caused by natural disasters such as typhoons and earthquakes, as well as delays in civil engineering and construction work, affected the sales environment. - FY2018-Q2MaterialisedAnnual report
「The Modifiers business was affected by deteriorating profitability resulting from a sharp change in the price of butadiene, a key raw material, in the first quarter, as well as by a hurricane in the United States.」
It states that a hurricane in the United States actually affected the performance of the Modifiers business. - FY2017RestatedAnnual report
「Our group has taken every possible measure to provide products that can be distributed and used safely. In addition, we maintain liability insurance covering the entire group in preparation for any product accident.」
It states that product safety and safety and disaster-prevention measures are ongoing, and that liability insurance covering the entire group is in place, while risks from accidents and disasters remain. - FY2016First statedAnnual report
「Although our group places the highest priority on safety and is working to prevent accidents and disasters, there is a risk that major production facilities could be damaged by unforeseen industrial accidents, earthquakes or other major disasters, resulting in costs exceeding the coverage provided by property insurance.」
While advancing safety and disaster-prevention measures, it identifies the possibility of industrial accidents, earthquakes, damage to major facilities and costs exceeding insurance coverage.