Impact on Financial Performance from Product Defects and Delivery Delays
First written in FY2016. 16 of 19 entries say "Restated". Latest entry: FY2025.
Nitta moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Accidents and product defects that may give rise to product liability (design, material selection, manufacturing methods, manufacturing processes, product inspections, transportation, and storage); deficiencies in instruction manuals; thorough design reviews; guidance and action by the Quality Management Committee」
The existing quality risk of product defects and delivery delays is categorized as accidents giving rise to product liability, with defect factors from design through transportation and storage, as well as design reviews and action by the Quality Management Committee, explicitly identified. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The major business and other risks, including the risk of an impact on results from product defects and delivery delays, are reaffirmed as having undergone no material change. - FY2022MaterialisedAnnual report
「Chemical Products Business Chemical products, with orders of ¥13,714 million, up 11.8% year on year, on a standalone basis for Nitta Chemical Products Co., Ltd., remained firm in Japan for railway components and overseas for products for office automation equipment. As a result, net sales were ¥12,153 million, compared with ¥12,070 million in the previous consolidated fiscal year. The application of the revenue recognition accounting standard and other standards reduced net sales by ¥64 million. Segment loss was ¥84 million, a decrease of ¥161 million from the previous consolidated fiscal year, due to the recognition of a provision for product compensation relating to railway components.」
Regarding the existing risks associated with product defects and other issues, the disclosure states that the recognition of a provision for product compensation relating to railway components was reflected in the results and led to a segment loss in the Chemical Products Business. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The major business and other risks, including the risk of an impact on results from product defects and delivery delays, are reaffirmed as having undergone no material change. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The major business and other risks, including the risk of an impact on results from product defects and delivery delays, are reaffirmed as having undergone no material change. - FY2021-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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been no material changes. - FY2020RestatedAnnual report
「Fluctuations in results due to product quality and other factors • Quality claims, damages and recalls resulting from problems • Establishment of stringent quality assurance and delivery systems • Thorough quality control」
The risks of quality claims, damages, and recalls, and the response through stringent quality assurance and delivery systems, are reaffirmed. - 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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been no material changes. - 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 risk of an impact on results from product defects and delivery delays is reaffirmed as having undergone no material change. - 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 risk of an impact on results from product defects and delivery delays is reaffirmed as having undergone no material change. - 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 risk of an impact on results from product defects and delivery delays is reaffirmed as having undergone no material change. - 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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been 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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been 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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been no material changes. - FY2017RestatedAnnual report
「The Group has established stringent quality assurance and delivery systems and is working to ensure thorough quality control in order to provide high-quality products. However, product delivery delays, product defects, and other issues may arise due to unforeseen circumstances.」
While quality assurance and delivery systems have been put in place, the risk of an impact on results if products are delivered late or defects occur is reaffirmed. - 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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been no material changes. - FY2017-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 risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been 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.」
The risk of an impact on results from product defects and delivery delays is reaffirmed through a comprehensive statement that there have been no material changes. - FY2016First statedAnnual report
「However, product delivery delays, product defects, and other issues may arise due to unforeseen circumstances. If such manufacturing problems occur, the Group's results may be affected by the burden of damages and other costs.」
While a quality assurance system has been established, the disclosure cites the risk of damages and other costs if delivery delays or defects occur.