Risk of Product Defects and Recalls
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2023-Q3.
Seiko moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- FY2023-Q3MaterialisedAnnual report
「New-vehicle sales struggled in the first quarter of the consolidated fiscal year due to shipment suspensions following engine defects at the manufacturer and recalls of new EV models.」
Recalls of new EV models actually occurred and affected new-vehicle sales through shipment suspensions and other measures. - FY2022RestatedAnnual report
「The company cannot guarantee that all products are free of defects or that recalls will never occur in the future. If a recall does occur, the associated response costs may be incurred and could affect performance.」
The company continues to disclose the possibility that response costs associated with product defects and recalls will affect performance. - FY2021RestatedAnnual report
「The company cannot guarantee that all products are free of defects or that recalls will never occur in the future. If a recall does occur, the associated response costs may be incurred and could affect performance.」
The company continues to describe the possibility that response costs associated with product defects and recalls will affect performance. - FY2020RestatedAnnual report
「The company cannot guarantee that all products are free of defects or that recalls will never occur in the future. If a recall does occur, the associated response costs may be incurred and could affect performance.」
The company continues to disclose the possibility that response costs associated with product defects and recalls will affect performance. - FY2018RestatedAnnual report
「The company cannot guarantee that all products are free of defects or that recalls will never occur in the future. If a recall does occur, the associated response costs may be incurred and could affect performance.」
The company continues to disclose the possibility that response costs associated with product defects and recalls will affect performance. - FY2017RestatedAnnual report
「The company cannot guarantee that all products are free of defects or that recalls will never occur in the future. If a recall does occur, the associated response costs may be incurred and could affect performance.」
The company continues to describe the possibility that product defects and recalls will result in costs and affect performance. - FY2016First statedAnnual report
「The company cannot guarantee that all products are free of defects or that recalls will never occur in the future. If a recall does occur, the associated response costs may be incurred and could affect performance.」
The company identifies the possibility of defects and recalls while pursuing ISO9001 certification and quality assurance.