Major Quality Issues and Product Liability
First written in FY2017. 4 of 10 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2026: 11 of 58 companies on the "Worse" side.
- FY2025MitigatedAnnual report
「Extraordinary loss Losses related to quality nonconforming products 92 —」
Losses related to quality nonconforming products fell from ¥92 million in the previous fiscal year to none in the current fiscal year. The matter continues to be disclosed as a key issue in quality control and compliance. - FY2024Losses related to quality nonconforming products continue to be recorded, although at a lower levelAnnual report
「Losses related to quality nonconforming products: ¥92 million」
Amid continuing quality-related risks, the company recorded ¥92 million in losses related to quality nonconforming products, down from ¥238 million in the previous fiscal year. - FY2023MaterialisedAnnual report
「The company experienced a nonconformity at its Amagasaki Plant in connection with the manufacture of equipment for the STACY facility, a steady-state critical experiment device at the Nuclear Science Research Institute of the Japan Atomic Energy Agency, and established an investigation committee including independent experts to conduct an investigation.」「Special investigation expenses: ¥98 million; Losses related to quality nonconforming products: ¥238 million」
A quality nonconformity occurred in connection with the STACY upgrade and modification work, and the company recorded ¥98 million in special investigation expenses and ¥238 million in losses related to quality nonconforming products. - FY2023-Q3MaterialisedAnnual report
「Depending on future developments concerning this matter, the Group's operating results and financial position may be affected.」「Extraordinary loss: Special investigation expenses 95; Losses related to quality nonconforming products 77」
In addition to continuing to disclose the potential impact of the nonconformity in the STACY upgrade and modification work, the company recorded ¥95 million in special investigation expenses and ¥77 million in losses related to quality nonconforming products in the cumulative third quarter period. - FY2023-Q2MaterialisedAnnual report
「When the company underwent a factory witness inspection by the Japan Atomic Energy Agency at its Amagasaki Plant on 7 July 2022, it was informed that components different from those inspected by the Japan Atomic Energy Agency and Fuji Electric in the material verification inspection conducted in February 2022 had been installed.」「Depending on future developments concerning this matter, the Group's operating results and financial position may be affected.」
Regarding the nonconformity in the STACY upgrade and modification work, the company again disclosed that the installation of different components was identified during the factory witness inspection on 7 July 2022, and stated that its operating results and financial position may be affected. - FY2023-Q1MaterialisedAnnual report
「The company was informed that components different from those inspected by the Japan Atomic Energy Agency and Fuji Electric in the material verification inspection conducted in February 2022 had been installed. In response, the company established an investigation committee including independent experts and is currently conducting an investigation to clarify the facts surrounding this nonconformity, identify its causes, and make recommendations on measures to prevent recurrence.」
In part of the STACY upgrade and modification work, the installation of components different from those used at the time of the material verification inspection was identified as a nonconformity. The company states that its operating results and financial position may be affected depending on future developments. - FY2021RestatedAnnual report
「However, the possibility of an unforeseen major quality issue cannot be ruled out, and if such a serious event occurs, the Group's operating results and financial condition may be affected.」
While maintaining a quality control system, the company continues to disclose the possibility of major quality issues. - FY2019RestatedAnnual report
「However, the possibility of an unforeseen major quality issue cannot be ruled out, and if such a serious event occurs, the Group's operating results and financial condition may be affected.」
While maintaining a quality control system, the company continues to disclose the possibility of major quality issues. - FY2018RestatedAnnual report
「The Group aims to manufacture highly reliable products drawing on its extensive experience and know-how. It has established a quality control system for its products and works to ensure high quality. However, the possibility of an unforeseen major quality issue cannot be ruled out, and if such a serious event occurs, the Group's operating results and financial condition may be affected.」
While maintaining a quality control system, the company continues to disclose the possibility of major quality issues as a risk. - FY2017First statedAnnual report
「The Group aims to manufacture highly reliable products drawing on its extensive experience and know-how. It has established a quality control system for its products and works to ensure high quality. However, the possibility of an unforeseen major quality issue cannot be ruled out, and if such a serious event occurs, the Group's operating results and financial condition may be affected.」
While maintaining a quality control system, the company discloses the possibility of major quality issues and their potential impact on operating results and financial condition as risks.