Risk of a product recall
First written in FY2016. 4 of 10 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「Product warranty provision Balance at 31 March 2024 0 Addition 2 Use for intended purpose △1 Balance at 31 March 2025 1 Addition － Use for intended purpose △0 Balance at 31 March 2026 0」
The year-end balance of the product warranty provision associated with market recall processing was ¥0 million. The possibility of recalls and other measures continues to be disclosed as a risk. - FY2025MaterialisedAnnual report
「Product warranty provision Balance at 31 March 2024 0 Addition 2 Use for intended purpose △1 Balance at 31 March 2025 1」
For the product warranty provision associated with market recall processing, ¥2 million was added and ¥1 million was used for its intended purpose, resulting in a year-end balance of ¥1 million. - FY2024MitigatedAnnual report
「The provision for product warranties represents the estimated amount to be borne by the Company when customers conduct market recalls of finished products that use the Company's products.」
¥1 million of the product warranty provision was used for its intended purpose, reducing the year-end balance from ¥2 million to ¥0 million. No balance remains for expected costs associated with market recall risk, although the possibility of recalls continues to be disclosed as a risk. - FY2023MitigatedAnnual report
「The provision for product warranties represents the estimated amount to be borne by the Company when customers conduct market recalls of finished products that use the Company's products.」
No amount was added to the product warranty provision, and ¥3 million was used for its intended purpose, reducing the year-end balance from ¥5 million to ¥2 million. The risk of bearing costs remains. - FY2022RestatedAnnual report
「The provision for product warranties represents the estimated amount to be borne by the Company when customers conduct market recalls of finished products that use the Company's products.」
¥7 million was added to the product warranty provision associated with market recalls, ¥6 million was used for its intended purpose, and a year-end balance of ¥5 million was recognized. The risk of bearing recall-related costs remains. - FY2021MitigatedAnnual report
「The provision for product warranties represents the estimated amount to be borne by the Company when customers conduct market recalls of finished products that use the Company's products.」
For the product warranty provision associated with market recalls, ¥15 million was added and ¥35 million was used for its intended purpose, reducing the year-end balance from ¥26 million to ¥5 million. The risk of bearing recall-related costs remains. - FY2020MaterialisedAnnual report
「The provision for product warranties represents the estimated amount to be borne by the Company when customers conduct market recalls of finished products that use the Company's products.」
During the year, ¥48 million was added to the product warranty provision and ¥337 million was used for its intended purpose, leaving a balance of ¥26 million at year-end. Costs associated with market recalls continue to be incurred. - FY2019MaterialisedAnnual report
「The provision for product warranties represents the estimated amount to be borne by the Company when customers conduct market recalls of finished products that use the Company's products.」
A product warranty provision of ¥315 million has been recognized as the expected burden associated with market recalls of finished products, indicating that recall-related risk has materialized as an expected actual cost. - FY2017RestatedAnnual report
「Our Group considers product quality to be one of the most important factors in maintaining and developing our current businesses. We are implementing various initiatives and measures and placing maximum effort on ensuring product quality. However, if defects in automobiles or other products incorporating these products (parts) are attributable to products supplied by our Group, measures such as recalls may be required.」
Continues to disclose the possibility of recalls caused by supplied parts and the resulting costs while working to ensure quality. - FY2016First statedAnnual report
「If defects in automobiles or other products incorporating these products (parts) are attributable to products supplied by our Group, measures such as recalls may be required. If such a situation occurs, we may be required, both contractually and legally, to bear the costs associated with measures such as recalls.」
States that product recalls and other events caused by supplied parts could result in costs and affect performance.