Product Quality Defects and Quality Incidents
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2023-Q3Recognition of a Provision for Product CompensationAnnual report
「Current liabilities increased by ¥63 million from the end of the previous fiscal year to ¥2,453 million. This was mainly due to increases of ¥46 million in notes payable, accounts payable and contract liabilities, ¥15 million in the provision for product warranties, ¥21 million in derivative liabilities and ¥96 million in other current liabilities, partly offset by a ¥127 million decrease in short-term borrowings.」
The provision for product warranties increased by ¥15 million, and an expense of ¥15 million for the provision for product warranties was also recognized in the income statement. The specific cause of the provision and the details of any quality incident are not stated. - FY2022RestatedAnnual report
「If quality defects or quality incidents were to occur, they could affect our financial condition and operating results, among other matters, due to external costs and a decline in the market perception of our products.」
The possibility of quality defects or quality incidents and the risk of their impact on operating results continue to be disclosed. - FY2020RestatedAnnual report
「If quality defects or quality incidents were to occur, they could affect our financial condition and operating results, among other matters, due to external costs and a decline in the market perception of our products.」
The possibility of quality defects or quality incidents and the risk of their impact on operating results continue to be disclosed. - FY2018RestatedAnnual report
「If quality defects or quality incidents were to occur, they could affect our financial condition and operating results, among other matters, due to external costs and a decline in the market perception of our products.」
The risk of impacts if quality defects or quality incidents occur continues to be disclosed. - FY2017-Q1MaterialisedAnnual report
「Meanwhile, for steel products, operating rates declined and profitability decreased as a result of responding to product defects.」
Responses to defects in steel products actually occurred and affected operating rates and profitability. - FY2016First statedAnnual report
「If quality defects or quality incidents were to occur, they could affect our financial condition and operating results, among other matters, due to external costs and a decline in the market perception of our products.」
While maintaining a quality assurance system, the company discloses quality defects and quality incidents as material risks.