Certification Renewal for Marine Exhaust Gas Valves
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2026.
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- FY2026ReframedAnnual report
「The group's products include marine exhaust-gas valves that it manufactures and sells after obtaining product certification from Everllence SE. This product certification must be renewed periodically.」
The certification renewal risk previously associated with MAN Energy Solutions is now described in terms of the certification and contractual relationship with Everllence SE following the company's name change. The contract period is from 2026-01-01 to 12-31, with automatic renewal annually. - FY2025RestatedAnnual report
「The group's products include marine exhaust-gas valves that it manufactures and sells after obtaining product certification from MAN Energy Solutions. This product certification must be renewed periodically. If the company does not renew the certification for any reason, the group may become unable to manufacture and sell the marine exhaust-gas valves that form the core of its business.」
The company has reconfirmed the risk to manufacturing and sales of marine exhaust-gas valves arising from dependence on certification renewal by MAN Energy Solutions. The contract period is from 2025-01-01 to 12-31, with automatic renewal annually, according to the disclosure. - FY2024RestatedAnnual report
「This product certification must be renewed periodically. If the company does not renew the certification for any reason, the group may become unable to manufacture and sell the marine exhaust-gas valves that form the core of its business.」
The company has reconfirmed the risk to manufacturing and sales of marine exhaust-gas valves arising from dependence on certification renewal by MAN Energy Solutions. The contract period for the current fiscal year is from 2024-01-01 to 2024-12-31, with automatic renewal annually, according to the disclosure. - FY2022RestatedAnnual report
「This product certification must be renewed periodically. If MAN Energy Solutions does not renew the certification for any reason, the group may be unable to manufacture and sell the marine exhaust-gas valves that form the core of its business, which could affect its results.」
The company continues to disclose the dependence of marine exhaust-gas valves on certification renewal, together with measures involving enhanced quality control systems and coordination with MAN Energy Solutions. - FY2021First statedAnnual report
「The group's products include marine exhaust-gas valves that it manufactures and sells after obtaining product certification from MAN Energy Solutions. This product certification must be renewed periodically. If MAN Energy Solutions does not renew the certification for any reason, the group may be unable to manufacture and sell the marine exhaust-gas valves that form the core of its business, which could affect its results.」
The company explicitly identifies the risk that manufacturing and sales of marine exhaust-gas valves depend on renewal of certification by MAN Energy Solutions, and cites quality control and closer coordination as countermeasures.