Impact of Quality Issues on Business Performance and Financial Position
First written in FY2016. 15 of 18 entries say "Restated". Latest entry: FY2025.
Okamoto Industries moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In addition, violations of compliance requirements by employees or the spread of unfounded and inaccurate information on social media or elsewhere could damage the company's brand image and undermine the trust of consumers and business partners.」
The company has added employee compliance violations and the spread of inaccurate information on social media as new potential causes of brand damage, in addition to the existing risk of brand damage from quality issues. - FY2024-Q2MitigatedAnnual report
「Enhancement of the quality management system to improve product and service quality」
Despite the possibility of an impact from quality issues, the company identifies enhancement of its quality management system as a response aimed at improving quality. - FY2023RestatedAnnual report
「The Group treats quality management as an important management priority and has established a comprehensive quality management system. However, quality issues exceeding expectations could reduce sales, lower corporate brand value and otherwise adversely affect operating results and financial condition.」
While treating quality management as an important priority, the company continues to disclose the possibility that quality issues exceeding expectations could affect sales, brand value and operating results. - FY2022RestatedAnnual report
「The Group treats quality management as an important management priority and has established a comprehensive quality management system. However, quality issues exceeding expectations could reduce sales, lower corporate brand value and otherwise adversely affect operating results and financial condition.」
While treating quality management as an important priority, the company continues to disclose the possibility that quality issues exceeding expectations could affect sales, brand value and operating results. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing business and other risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2019RestatedAnnual report
「The Group treats quality management as an important management priority and has established a comprehensive quality management system. However, quality issues exceeding expectations could reduce sales and otherwise adversely affect operating results and financial condition.」
Despite maintaining its quality management system, the company continues to disclose the possibility that quality issues exceeding expectations could affect operating results and financial condition. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2018RestatedAnnual report
「Legal regulations addressing safety and environmental concerns apply to the raw materials and production equipment used to manufacture and sell the Group's products. To sell products that comply with these regulations, the Group has obtained ISO 9001 and ISO 14001 certification, conducts safety- and environmentally conscious research and testing from the development stage, and launches products with a high level of quality. However, quality issues exceeding expectations could reduce sales and otherwise adversely affect operating results and financial condition.」
The company continues to disclose the possibility of an impact from quality issues exceeding expectations, while noting its ISO certifications and research and testing conducted during product development. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2017RestatedAnnual report
「However, quality issues exceeding expectations could reduce sales and otherwise adversely affect operating results and financial condition.」
The company continues to disclose the possibility that quality issues could affect sales, operating results and financial condition. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that existing business and other risks, including the impact of quality issues on operating results and financial condition, have undergone no material changes. - FY2017-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
Existing business and other risks, including quality issues, are treated as having no material changes. - FY2016First statedAnnual report
「However, quality issues exceeding expectations could reduce sales and otherwise adversely affect operating results and financial condition.」
The company identifies quality issues as a risk that could lead to lower sales and affect operating results and financial condition.