Product Recalls and Product Liability Arising from Product Defects
First written in FY2017. 4 of 10 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2025RestatedAnnual report
「Product defects that lead to large-scale recalls or product liability claims could have a material impact on the Group's business performance and financial position.」
It continues to state the risk of recalls and product liability arising from product defects. - FY2024-Q3MaterialisedAnnual report
「Segment profit was limited to ¥59 million, down 47.8% year on year, due to additional recognition of product warranty-related costs in North America and other factors.」
Additional recognition of product warranty-related costs in North America continued to occur, and segment profit in the Hoses business fell 47.8% year on year. - FY2024-Q2MaterialisedAnnual report
「Segment profit was ¥3 million, down 94.3% year on year, due to additional recognition of product warranty-related costs in North America and other factors.」
It explains that additional recognition of product warranty-related costs in North America actually occurred, resulting in a 94.3% year-on-year decline in segment profit in the Hoses business. - FY2022RestatedAnnual report
「In response, throughout the entire process from design through product release, we consistently strive to develop processes, functions and quality based on close cooperation with customers and business partners. In the event of an incident, we will also work to achieve a rapid recovery and maintain our supply system.」
In response to product defect and recall risks, it continues to build quality into every process and maintain recovery and supply capabilities when an incident occurs. - FY2020MitigatedAnnual report
「In accordance with the basic policy of "Building a Robust Quality Foundation," we consistently strive to develop processes, functions and quality based on close cooperation with customers and business partners throughout the entire process, from design through product release.」
In addressing recall and product liability risks, it describes building quality into every process and maintaining rapid recovery and supply systems when an incident occurs. - FY2019RestatedAnnual report
「Product defects that lead to large-scale recalls or product liability claims could have a material impact on the Group's business performance and financial position.」
It continues to state the risk that product defects could lead to large-scale recalls or product liability claims. - FY2019-Q3Cited as achievedAnnual report
「Meanwhile, net income attributable to owners of the parent, due to the recognition of recall-related losses concerning defects in hoses manufactured by a subsidiary in the same period of the previous year,」
It cites the defects in and recall-related losses from hoses manufactured by a subsidiary that occurred in the previous year as a past event contributing to the improvement in profit attributable to owners of the parent in the current period. - FY2018MaterialisedAnnual report
「Based on the agreement with ISUZU MOTORS LIMITED and other relevant arrangements, we recorded ¥1,761 million as product warranty-related costs for the recall-related expenses.」
Market measures and a recall related to defects in hoses manufactured by a subsidiary actually occurred, and ¥1,761 million was recorded as product warranty-related costs. - FY2018-Q3MaterialisedAnnual report
「Based on a reasonable estimate of the costs related to the recall and other matters, we recorded ¥1,761 million as an addition to the provision for product warranties.」
A recall related to defects in hoses manufactured by a subsidiary actually occurred, and ¥1,761 million was recorded as an addition to the provision for product warranties as a related cost. - FY2017First statedAnnual report
「Product defects that lead to large-scale recalls or product liability claims could have a material impact on the Group's business performance and financial position.」
It describes the risk that product defects could lead to large-scale recalls or product liability claims.