Responsibility for replacing defective products and related one-time costs
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 13 of 36 companies on the "Worse" side.
54 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if an unforeseen product defect is discovered and the resulting costs of measures such as a large-scale product recall, refunds or free replacements, together with a decline in the Company's credibility, affect the Company, this would pose a risk to its operating results and financial position.」
The Company continues to disclose the risks of recalls, refunds, free replacements and a decline in credibility in the event of product defects, together with countermeasures such as its quality management system. - FY2024RestatedAnnual report
「However, if an unforeseen product defect is discovered and the resulting costs of measures such as a large-scale product recall, refunds or free replacements, together with a decline in the Company's credibility, affect the Company, this would pose a risk to its operating results and financial position.」
The Company continues to disclose the risks of recalls, refunds, free replacements and a decline in credibility in the event of product defects, together with countermeasures such as its quality management system. - FY2021RestatedAnnual report
「In our production and sales divisions, we use an ISO-certified quality management system and strive to continuously ensure the reliability and stability of product quality by monitoring not only product quality assurance but also the quality control systems of the Company and its supply chain, as well as customer satisfaction.」
The Company continues to respond through an ISO-certified quality management system, supply-chain quality control and customer satisfaction monitoring. - FY2020MitigatedAnnual report
「In our production and sales divisions, we use an ISO-certified quality management system and strive to continuously ensure the reliability and stability of product quality by monitoring not only product quality assurance but also the quality control systems of the Company and its supply chain, as well as customer satisfaction.」
The Company explicitly describes a response to product defect risks combining an ISO-certified quality management system, supply-chain quality control and customer satisfaction monitoring. - FY2019RestatedAnnual report
「Although we have established a comprehensive quality control system, if a product is found to have a defect or other issue, we may be responsible for replacing all hardware products of the same type, which could result in substantial one-time costs.」
The Company continues to disclose the risk of responsibility for replacing all products and incurring substantial one-time costs in the event of a product defect. - FY2018RestatedAnnual report
「Although we have established a comprehensive quality control system, if a product is found to have a defect or other issue, we may be responsible for replacing all hardware products of the same type, which could result in substantial one-time costs.」
The Company continues to disclose the risk of responsibility for replacing all products and incurring substantial one-time costs in the event of a product defect. - FY2017RestatedAnnual report
「Although we have established a comprehensive quality control system, if a product is found to have a defect or other issue, we may be responsible for replacing all hardware products of the same type, which could result in substantial one-time costs.」
The Company continues to disclose the risk of responsibility for replacing all products and incurring substantial one-time costs in the event of a product defect. - FY2016First statedAnnual report
「Although we have established a comprehensive quality control system, if a product is found to have a defect or other issue, we may be responsible for replacing all hardware products of the same type, which could result in substantial one-time costs.」
Based on its quality control system, the Company identifies responsibility for replacing all products in the event of a defect and substantial one-time costs as risks.