Product Quality Defects and Product Liability Risk
First written in FY2016. 3 of 6 entries say "Materialised", first in FY2021. Latest entry: FY2023.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2023MaterialisedAnnual report
「The provision for product warranties is recognized to cover expenditures associated with future product warranties, based on amounts calculated from past results and, for specific businesses where the expenditures can be estimated with reasonable specificity, the estimated amount of such expenditures.」
The provision for product warranties was ¥5.408 billion at the fiscal year-end, up from ¥5.179 billion in the previous fiscal year. Recognition of future expenditures related to quality and product warranties continued. - FY2022MaterialisedAnnual report
「The provision for product warranties is recognized to cover expenditures associated with future product warranties, based on amounts calculated from past results and, for specific businesses where the expenditures can be estimated with reasonable specificity, the estimated amount of such expenditures.」
The balance of the provision for product warranties at the fiscal year-end was ¥5.179 billion, indicating that future expenditures related to quality and product warranties continued to be recognized. - FY2021MaterialisedAnnual report
「Segment revenue declined year on year, mainly in Japan. In terms of profit, efforts were made to improve profitability through structural reforms and other measures, but operating profit declined year on year because a provision was recognized at the fiscal year-end for temporary product modification costs.」
Product modification costs related to product quality actually arose and became a factor behind the decline in operating profit in system engineering. The provision for product warranties also stood at ¥3.954 billion at the fiscal year-end. - FY2019RestatedAnnual report
「There is no guarantee that all products will be completely free of quality defects or that no product liability will arise.」
The possibility of quality defects and product liability has continued to be disclosed together with the quality control system and insurance coverage. - FY2017RestatedAnnual report
「There is no guarantee that all products will be completely free of quality defects or that no product liability will arise.」
The possibility of quality defects and product liability has continued to be disclosed together with the quality control system and insurance coverage. - FY2016First statedAnnual report
「There is no guarantee that all products will be completely free of quality defects or that no product liability will arise.」
The disclosure described the quality control system and product liability insurance, while indicating that insurance may not cover all potential losses.