Risk of Repair Costs Associated with Automotive Parts Recalls
First written in FY2017-Q1. 13 of 30 entries say "Restated". Latest entry: FY2026.
Sanoh Industrial moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 13 of 34 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Product warranty provision 272 291」
The product warranty provision balance increased from ¥272 million at the end of the previous fiscal year to ¥291 million, and quality and repair cost burdens continue. - FY2026-H1WorsenedAnnual report
「Change in product warranty provision (△ indicates a decrease) 57」
The product warranty provision increased from ¥272 million at the end of the previous fiscal year to ¥326 million at the end of the interim period, and repair cost burdens related to quality issues remain. - FY2026-H1WorsenedAnnual report
「Change in product warranty provision (△ indicates a decrease) 57」
The product warranty provision increased from ¥272 million at the end of the previous fiscal year to ¥326 million at the end of the interim period, and quality and repair cost burdens remain. - FY2025WorsenedAnnual report
「Product warranty provision 96 272」
The product warranty provision balance increased from ¥96 million at the end of the previous fiscal year to ¥272 million, and product quality and repair cost burdens remain. - FY2025-H1WorsenedAnnual report
「Product warranty provision 96 120」
The product warranty provision balance increased from ¥96 million at the end of the previous consolidated fiscal year to ¥120 million, and quality and repair cost burdens remain. - FY2024MitigatedAnnual report
「Product warranty provision 602 96」
The product warranty provision balance decreased from ¥602 million at the end of the previous fiscal year to ¥96 million, and no addition to the product warranty provision was recognized during the fiscal year. - FY2024-Q3MitigatedAnnual report
「Product warranty provision 602 50」
The product warranty provision balance decreased from ¥602 million at the end of the previous consolidated fiscal year to ¥50 million, and no addition to the product warranty provision was recognized during the cumulative third-quarter period. No new actual repair costs were identified. quantified true, materialized false. - FY2023-Q3WorsenedAnnual report
「In connection with a market recall of vehicles of a specific business partner incorporating automotive parts manufactured by the Company's US subsidiary during the cumulative third-quarter consolidated period, ¥471 million in repair costs that the subsidiary is likely to bear and that can be reasonably estimated has been recorded as an addition to the product warranty provision under extraordinary losses.」
For the new recall involving the US subsidiary, repair costs of ¥471 million were recognized as an addition to the product warranty provision, and the quality and recall burden has materialized. - FY2023-Q2MaterialisedAnnual report
「A customer has filed a market recall for vehicles incorporating automotive parts manufactured by the Company's US subsidiary in August and September 2022. This may affect the financial position, operating results and cash flows of the Group in the future, but the impact on the consolidated financial statements is currently being assessed.」
A new recall filing was made for parts manufactured by the US subsidiary, and the impact on consolidated results and other matters is being assessed. - FY2022MitigatedAnnual report
「For the product warranty provision related to quality issues in automotive parts previously manufactured by the Company's Mexican subsidiary, ¥709 million was recognized as a reversal of the product warranty provision under extraordinary income based on the outcome of negotiations between the Company and customers regarding the sharing of costs related to the quality issues.」
The provision for the quality issues at the Mexican subsidiary was reviewed based on the outcome of negotiations, and ¥709 million was reversed. - FY2022-Q3MitigatedAnnual report
「Accordingly, ¥707 million was recognized as a reversal of the product warranty provision under extraordinary income.」
For the quality issues at the Mexican subsidiary, the provision was reviewed based on the status and outcome of negotiations with customers regarding the sharing of costs, and a reversal gain of ¥707 million was recognized. - FY2022-Q2MitigatedAnnual report
「For the product warranty provision related to quality issues in automotive parts previously manufactured by the Company's Mexican subsidiary, the provision was reviewed based on the status and outcome of negotiations between the Company and customers regarding the sharing of costs related to the quality issues. Accordingly, ¥699 million was recognized as a reversal of the product warranty provision under extraordinary income.」
The provision was reviewed based on the status and outcome of negotiations with customers regarding the quality issues at the Mexican subsidiary, and a reversal gain of ¥699 million was recognized. - FY2022-Q1WorsenedAnnual report
「The estimated amount of costs to be borne that can be reasonably estimated (¥793 million) has been recognized as a product warranty provision, but the Company's consolidated results may be affected depending on the status of future negotiations and other factors. At this time, it is difficult to reasonably estimate the amount of the impact.」
The quality issues at the Mexican subsidiary and requests from customers to bear the costs continue, and the reasonably estimable estimated costs to be borne of ¥793 million were recognized as a product warranty provision. - FY2021RestatedAnnual report
「Quality issues have arisen in vehicles incorporating automotive parts previously manufactured by the Company's Mexican subsidiary, and the subsidiary has been asked by customers to bear the costs.」
The quality issues at the Mexican subsidiary and requests from customers to bear the costs continue. The reasonably estimable amount of ¥742 million was recognized as a product warranty provision, while the additional impact remains difficult to estimate. - FY2021-Q2RestatedAnnual report
「Quality issues have arisen in vehicles incorporating automotive parts previously manufactured by the Company's Mexican subsidiary, and the subsidiary has been asked by customers to bear the costs. The estimated amount of costs that can be reasonably estimated has been recognized as a product warranty provision, but the Company's consolidated results may be affected depending on the status of future negotiations and other factors. At this time, it is difficult to reasonably estimate the amount of the impact.」
The quality issues at the Mexican subsidiary, requests from customers to bear the costs, and the situation in which additional impacts cannot be reasonably estimated continue. - FY2021-Q1RestatedAnnual report
「Quality issues have arisen in vehicles incorporating automotive parts previously manufactured by the Company's Mexican subsidiary, and the subsidiary has been asked by customers to bear the costs. The estimated amount of costs that can be reasonably estimated has been recognized as a product warranty provision, but the Company's consolidated results may be affected depending on the status of future negotiations and other factors. At this time, it is difficult to reasonably estimate the amount of the impact.」
The quality issues at the Mexican subsidiary, requests from customers to bear the costs, and the situation in which additional impacts cannot be reasonably estimated continue. - FY2020-Q3RestatedAnnual report
「Quality issues have arisen in vehicles incorporating automotive parts previously manufactured by the Company's Mexican subsidiary, and the subsidiary has been asked by customers to bear the costs. The estimated amount of costs that can be reasonably estimated has been recognized as a product warranty provision, but the Company's consolidated results may be affected depending on the status of future negotiations and other factors. At this time, it is difficult to reasonably estimate the amount of the impact.」
The quality issues at the Mexican subsidiary, requests from customers to bear the costs, and the situation in which additional impacts cannot be reasonably estimated continue. - FY2020-Q2RestatedAnnual report
「Quality issues have arisen in vehicles incorporating automotive parts previously manufactured by the Company's Mexican subsidiary, and the subsidiary has been asked by customers to bear the costs. The estimated amount of costs that can be reasonably estimated has been recognized as a product warranty provision, but the Company's consolidated results may be affected depending on the status of future negotiations and other factors. At this time, it is difficult to reasonably estimate the amount of the impact.」
Disclosures continue regarding the quality issues at the Mexican subsidiary, requests from customers to bear the costs, and additional impacts that cannot be reasonably estimated. - FY2020-Q1RestatedAnnual report
「Quality issues have arisen in vehicles incorporating automotive parts previously manufactured by the Company's Mexican subsidiary, and the subsidiary has been asked by customers to bear the costs. The estimated amount of costs that can be reasonably estimated has been recognized as a product warranty provision, but the Company's consolidated results may be affected depending on the status of future negotiations and other factors. At this time, it is difficult to reasonably estimate the amount of the impact.」
The quality issues at the Mexican subsidiary and requests from customers to bear the costs continue. The reasonably estimable amount has been recognized as a product warranty provision, while any additional impact is difficult to estimate. - FY2019WorsenedAnnual report
「Under extraordinary income and losses, in addition to recognizing an impairment loss of ¥5,311 million, the Company recognized an addition to the product warranty provision of ¥1,431 million in connection with quality issues at its US and Mexican subsidiaries, and recorded ¥1,221 million in settlement payments for a class-action civil lawsuit against the Company and certain of its US subsidiaries as an extraordinary loss.」
In connection with quality issues at the US and Mexican subsidiaries, an addition to the product warranty provision of ¥1,431 million was recognized, expanding the quality-related burden in addition to the previously identified recall repair cost risk. - FY2019-Q3RestatedAnnual report
「A customer has filed a market recall for approximately 30,000 vehicles incorporating automotive parts previously manufactured by a consolidated subsidiary of the Company. As the final amount to be borne has not been determined at this time, the reasonably estimable amount has been recognized as an expense.」
For the recall of approximately 30,000 vehicles, the final amount to be borne has not been determined, and the reasonably estimable amount continues to be recognized as an expense. - FY2019-Q2RestatedAnnual report
「A customer has filed a market recall for approximately 30,000 vehicles incorporating automotive parts previously manufactured by a consolidated subsidiary of the Company. As the final amount to be borne has not been determined at this time, the reasonably estimable amount has been recognized as an expense.」
For the recall of approximately 30,000 vehicles, the final amount to be borne has not been determined, and the reasonably estimable amount continues to be recognized as an expense. - FY2019-Q1WorsenedAnnual report
「A customer has filed a market recall for approximately 30,000 vehicles incorporating automotive parts previously manufactured by a consolidated subsidiary of the Company. As the final amount to be borne has not been determined at this time, the reasonably estimable amount has been recognized as an expense.」
The number of vehicles subject to the disclosed recall increased from approximately 20,000 through the previous quarter to approximately 30,000. The final amount to be borne has not been determined, but the reasonably estimable amount has been recognized as an expense. - FY2018-Q3RestatedAnnual report
「A customer has filed a market recall for approximately 20,000 vehicles incorporating automotive parts previously manufactured by a consolidated subsidiary of the Company. As the final amount to be borne has not been determined at this time, the reasonably estimable amount has been recognized as an expense.」
For the recall of approximately 20,000 vehicles, the final amount to be borne has not been determined, while the reasonably estimable amount continues to be recognized as an expense. - FY2018-Q2RestatedAnnual report
「A customer has filed a market recall for approximately 20,000 vehicles incorporating automotive parts previously manufactured by a consolidated subsidiary of the Company. As the final amount to be borne has not been determined at this time, the reasonably estimable amount has been recognized as an expense.」
For the recall of approximately 20,000 vehicles, the final amount to be borne has not been determined, while the reasonably estimable amount continues to be recognized as an expense. - FY2018-Q1RestatedAnnual report
「A customer has filed a market recall for approximately 20,000 vehicles incorporating automotive parts previously manufactured by a consolidated subsidiary of the Company. As the final amount to be borne has not been determined at this time, the reasonably estimable amount has been recognized as an expense.」
For the recall of approximately 20,000 vehicles, the final amount to be borne has not been determined, but the reasonably estimable amount has been recognized as an expense. - FY2017MaterialisedAnnual report
「In connection with a market recall of vehicles incorporating automotive parts previously manufactured by the Company and its consolidated subsidiaries for certain customers, ¥635 million in repair costs that are likely to be borne by the Company and its consolidated subsidiaries and can be reasonably estimated has been recognized as an addition to the product warranty provision and recorded as an extraordinary loss.」
Previously, the Company stated that repair costs might arise but that their impact could not be reasonably estimated. For the full fiscal year, the amount became estimable, and ¥635 million was recognized as an addition to the product warranty provision. - FY2017-Q3RestatedAnnual report
「A market recall has been carried out for approximately 90,000 vehicles incorporating automotive parts previously manufactured by the Company and its consolidated subsidiaries for customers. This may result in repair costs for the Company and its consolidated subsidiaries, but no expense has been recognized at this time because it is difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The situation continues in which the amount of the impact of the recall of approximately 90,000 vehicles and the potential repair costs cannot be estimated, and no expense has been recognized. - FY2017-Q2RestatedAnnual report
「A market recall has been carried out for approximately 90,000 vehicles incorporating automotive parts previously manufactured by the Company and its consolidated subsidiaries for customers. This may result in repair costs for the Company and its consolidated subsidiaries, but no expense has been recognized at this time because it is difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
The situation continues in which the amount of the impact of the recall of approximately 90,000 vehicles and the potential repair costs cannot be estimated, and no expense has been recognized. - FY2017-Q1MaterialisedAnnual report
「A market recall has been carried out for approximately 90,000 vehicles incorporating automotive parts previously manufactured by the Company and its consolidated subsidiaries for customers. This may result in repair costs for the Company and its consolidated subsidiaries, but no expense has been recognized at this time because it is difficult to reasonably estimate the amount of the impact on the quarterly consolidated financial statements.」
A recall covering approximately 90,000 vehicles has been carried out, and repair costs may arise, but the amount of the impact cannot be reasonably estimated.