Risks of Liability for Defects and Product Liability Arising from the Expansion of Contract Work
First written in FY2016. 4 of 8 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2022.
Abist moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「These comprise product recall costs resulting from quality nonconformities in some products delivered by a consolidated subsidiary and losses relating to assets expected to remain idle. The breakdown is ¥49.759 million in product recall costs, ¥54.880 million in impairment losses on property, plant and equipment, and ¥18.573 million in other costs.」
Quality nonconformities actually occurred in delivered products, and ¥49.759 million in product recall costs, ¥54.880 million in impairment losses on property, plant and equipment and other costs were recorded. - FY2022-Q3MaterialisedAnnual report
「These losses consist of product recall costs and other expenses arising from quality nonconformities in some products delivered by the consolidated subsidiary, as well as losses relating to assets expected to become idle. The breakdown was product recall costs of ¥48.573 million, impairment losses on property, plant and equipment of ¥54.880 million, and other expenses of ¥18.573 million.」
Quality nonconformities actually occurred in delivered products, and ¥48.573 million in product recall costs, ¥54.880 million in impairment losses on property, plant and equipment and other costs were recorded. Product recall costs increased from ¥28.925 million disclosed for the previous quarter. - FY2022-Q2MaterialisedAnnual report
「These comprise product recall costs resulting from quality nonconformities in some products delivered by a consolidated subsidiary and losses relating to assets expected to remain idle. The breakdown is ¥28.925 million in product recall costs, ¥54.880 million in impairment losses on property, plant and equipment, and ¥18.573 million in other costs.」
Specific losses were recorded in connection with quality nonconformities in products delivered by a consolidated subsidiary, including ¥28.925 million in product recall costs and ¥54.880 million in impairment losses on property, plant and equipment. - FY2022-Q1MaterialisedAnnual report
「Quality nonconformities have occurred in some products delivered by a consolidated subsidiary, and costs may be incurred to address them. However, because the amount cannot reasonably be estimated at this time, the impact has not been reflected in the quarterly consolidated financial statements.」
Regarding liability risks relating to contract work and products, states that quality nonconformities have actually occurred in some products delivered by a consolidated subsidiary and that response costs may be incurred. The amount cannot be reasonably estimated and has not been reflected in the financial statements. - FY2021RestatedAnnual report
「As contract work expands and grows in the future, the risk of claims for warranty and product liability relating to deliverables will increase. If this results in liability-related expenses, they could affect the business performance and financial condition of our group.」
Continues to disclose the risk of warranty and product liability associated with the expansion of contract work. - FY2018RestatedAnnual report
「As contract work expands and grows in the future, the risk of claims for warranty and product liability relating to deliverables will increase. If this results in liability-related expenses, they could affect the business performance and financial condition of our group.」
Continues to disclose the risk of warranty and product liability associated with the expansion of contract work. - FY2017RestatedAnnual report
「As contract work expands and grows in the future, the risk of claims for warranty and product liability relating to deliverables will increase. If this results in liability-related expenses, they could affect the business performance and financial condition of our group.」
Continues to disclose the risk of warranty and product liability associated with the expansion of contract work. - FY2016First statedAnnual report
「As contract work expands and grows in the future, the risk of claims for warranty and product liability relating to deliverables will increase. If this results in liability-related expenses, they could affect the business performance and financial condition of our group.」
Describes the increased risk of claims relating to deliverables while pursuing expansion of contract work.