Ensuring Product Quality and Preventing Recalls
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual 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.」
The provision for product warranties fell from ¥1 million at the end of the previous fiscal year to ¥0 million as it was used for its intended purpose. The possibility of continuing quality assurance costs and costs associated with market recalls remains disclosed. - FY2019-Q3RestatedAnnual report
「As a result, segment sales were ¥26,223 million, up 8.5% year on year, while segment profit was ¥1,471 million, down 2.4% year on year, partly due to the impact of higher costs resulting from addressing defects for business partners.」
States that higher costs resulting from addressing defects for business partners continued to affect segment profit in the Industrial Materials business. - FY2019-Q2Costs incurred in addressing defects for business partnersAnnual report
「As a result, segment sales were ¥18,002 million, up 8.8% year on year, while segment profit was ¥1,039 million, down 5.2% year on year, partly due to the impact of higher costs resulting from addressing defects for business partners.」
States that in the Industrial Materials business, costs increased because of actions to address defects for business partners, causing segment profit to fall 5.2% year on year. It does not state that a recall occurred. - FY2017RestatedAnnual report
「The Group regards product quality as one of the most important factors in maintaining and developing its existing businesses, and is making every effort to ensure product quality by implementing various initiatives and measures.」
Reiterates the Company's commitment to treating product quality as important to maintaining and developing the business and continuing various initiatives and measures. - FY2016First statedAnnual report
「The Group regards product quality as one of the most important factors in maintaining and developing its existing businesses, and is making every effort to ensure product quality by implementing various initiatives and measures.」
Positions quality assurance as important to maintaining and developing the business and links it to responses to recall risk.