Product Nonconformities and Quality Claims
First written in FY2016. 4 of 11 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1MitigatedAnnual report
「The company recognized insurance proceeds received as compensation for defects in products it sold.」
The company recognized ¥1.401 million in insurance proceeds related to compensation for product defects, while no quality assurance response losses were recognized during the interim period. - FY2025MitigatedAnnual report
「This resulted from the reversal of the provision for quality assurance response losses after the provision was reviewed as the response to defects in products sold by the company progressed.」
The company reversed ¥66.880 million of the provision for quality assurance response losses as its response to product defects progressed. Meanwhile, it also recognized ¥19.024 million in quality assurance response losses during the period. - FY2025-H1MitigatedAnnual report
「This resulted from the reversal of the provision for quality assurance response losses after the provision was reviewed as the response to defects in products sold by the company progressed.」
The company reversed ¥67.569 million of the provision for quality assurance response losses as its response to product defects progressed. Meanwhile, it also recognized ¥29.731 million in estimated losses arising from product defects during the interim period, indicating that the quality risk had not been completely resolved. - FY2024MaterialisedAnnual report
「The company recognized the estimated losses arising from defects in products it sold as quality assurance response losses under extraordinary losses.」
Following the defects attributable to an outsource provider of its subsidiary アクシー, the company recognized ¥122.090 million in quality assurance response losses related to defects in products it sold. - FY2023MaterialisedAnnual report
「The Group recognized losses arising from product defects attributable to an outsource provider of its subsidiary 株式会社アクシー as quality assurance response losses under extraordinary losses.」
The company recognized ¥10.360 million in extraordinary losses as quality assurance response losses related to a product defect attributable to an outsource provider of アクシー. - FY2023-Q2MaterialisedAnnual report
「The Group recognized losses arising from product defects attributable to an outsource provider of its subsidiary 株式会社アクシー as quality assurance response losses under extraordinary losses. It recognized losses arising from a fire at an outsource provider of 株式会社アクシー as disaster-related losses.」
The company recognized ¥10.360 million in quality assurance response losses arising from a product defect attributable to an outsource provider of アクシー, and ¥3.534 million in disaster-related losses arising from a fire at the outsource provider, indicating that risks related to product quality and external contractors have materialized as actual losses. - FY2022RestatedAnnual report
「The Group has established a quality control system and manufactures products based on strict quality standards. However, if products delivered by the Group to customers fail to meet the customers’ required standards or specifications, or if nonconformities occur, this could result in serious quality claims.」
While maintaining its quality control system, the company continues to disclose the possibility of product nonconformities and major claims. - FY2019RestatedAnnual report
「The Group has established a quality control system and manufactures products based on strict quality standards. However, if products delivered by the Group to customers fail to meet the customers’ required standards or specifications, or if nonconformities occur, this could result in serious quality claims.」
While maintaining its quality control system, the company continues to describe the potential impact of product nonconformities and major claims. - FY2018RestatedAnnual report
「The Group has established a quality control system and manufactures products based on strict quality standards. However, if products delivered by the Group to customers fail to meet the customers’ required standards or specifications, or if nonconformities occur, this could result in serious quality claims.」
While maintaining its quality control system, the company continues to describe the potential impact of product nonconformities and major claims. - FY2017RestatedAnnual report
「The Group has established a quality control system and manufactures products based on strict quality standards. However, if products delivered by the Group to customers fail to meet the customers’ required standards or specifications, or if nonconformities occur, this could result in serious quality claims.」
While maintaining its quality control system, the company continues to describe the potential impact of product nonconformities and major claims on costs and its reputation. - FY2016First statedAnnual report
「The Group has established a quality control system and manufactures products based on strict quality standards. However, if products delivered by the Group to customers fail to meet the customers’ required standards or specifications, or if nonconformities occur, this could result in serious quality claims.」
While outlining its quality control system and strict quality standards, the company describes the potential impact of nonconformities on claims, costs and its reputation.