Impact of Product Defects on Costs, Reputation and Business Performance
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「In addition, through DX (digital transformation) projects, we aim to manage quality through predictive and preventive measures by visualizing and monitoring Group-wide quality information globally. We are also working to establish a quality assurance system appropriate for our new EV-related parts business.」
Measures addressing product quality risks have advanced from conventional quality-control standards and in-line inspections to global visualization and monitoring of quality information and a quality assurance system for EV-related parts. - FY2017RestatedAnnual report
「However, there is no assurance that all products will be free of defects or that no losses will arise in the future. Depending on the nature of a defect, costs may be incurred and the reputation of the Group may be seriously affected, potentially affecting the Group's financial position and results of operations.」
While following quality-control standards, the company has reaffirmed the potential impact of product defects on costs, reputation and results. - FY2016First statedAnnual report
「There is no assurance that all products will be free of defects or that no losses will arise in the future. Depending on the nature of a defect, costs may be incurred and the reputation of the Group may be seriously affected, potentially affecting the Group's financial position and results of operations.」
While following international quality-control standards, the company explicitly acknowledges the possibility of defects and losses.