Preventing Recurrence of the Nonferrous Slag Issue and Strengthening the Quality Assurance System
First written in FY2020. 6 of 7 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「An investigation found that some nonferrous slag products previously shipped by the Company's Annaka Smelter exceeded the soil environmental standards under the Soil Contamination Countermeasures Act and may have been used or mixed improperly due to inadequate controls by the Company. Costs may continue to be incurred to collect and remove the products concerned, but at present it is difficult to reasonably estimate the amount of the impact on the interim consolidated financial statements.」
The nonferrous slag issue and the possibility of collection and removal costs continue to be disclosed as contingent liabilities. - FY2024-Q1RestatedAnnual report
「An investigation found that some nonferrous slag products previously shipped by the Company's Annaka Smelter exceeded the soil environmental standards under the Soil Contamination Countermeasures Act, and that the products may have been used or mixed improperly due to inadequate controls by the Company. Costs may continue to be incurred to collect and remove the products concerned, but at present it is difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The nonferrous slag issue and the possibility of collection and removal costs continue to be disclosed as contingent liabilities, with no significant changes indicated. - FY2023-Q3RestatedAnnual report
「An investigation found that some nonferrous slag products previously shipped by the Company's Annaka Smelter exceeded the soil environmental standards under the Soil Contamination Countermeasures Act, and that improper use or mixing may have occurred because of inadequate management by the Company. Although the Company may continue to incur costs to collect and remove the products, it is currently difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The nonferrous slag issue and the possibility of collection and removal costs continue to be disclosed as contingent liabilities, with no significant new changes indicated. - FY2023-Q1RestatedAnnual report
「An investigation found that some nonferrous slag products previously shipped by the Company's Annaka Smelter exceeded the soil environmental standards under the Soil Contamination Countermeasures Act, and that improper use or mixing may have occurred because of inadequate management by the Company. Although the Company may continue to incur costs to collect and remove the products, it is currently difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The nonferrous slag issue and the possibility of collection and removal costs continue to be disclosed as contingent liabilities, with no significant new changes indicated. - FY2022-Q3RestatedAnnual report
「An investigation found that some nonferrous slag products previously shipped by the Company's Annaka Smelter exceeded the soil environmental standards under the Soil Contamination Countermeasures Act, and that improper use or mixing may have occurred because of inadequate management by the Company. Although the Company may continue to incur costs to collect and remove the products, it is currently difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The nonferrous slag issue and the possibility of collection and removal costs continue to be disclosed as contingent liabilities, with no significant new changes indicated. - FY2022-Q1RestatedAnnual report
「There remains a possibility that costs will be incurred to collect and remove the products concerned, but at present it is difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The possibility of collection and removal costs continues to be disclosed in connection with the nonferrous slag issue, and remains a contingent liability even after measures to prevent recurrence and strengthen the quality assurance system. - FY2020First statedAnnual report
「To prevent a recurrence, the Company newly established the Quality Assurance Office and the Environment and Safety Office at its head office as specialized departments independent of the business execution divisions. The Company is strengthening its quality assurance system, renewing its commitment to environmental protection and continuing these efforts.」
As a response to the nonferrous slag issue, the Company presented specific measures for the first time, including establishing a Quality Assurance Office and an Environmental Safety Office independent of the business execution divisions and strengthening its quality assurance system.