Product quality, recalls and product liability
First written in FY2016. 15 of 26 entries say "Materialised", first in FY2022-Q3. Latest entry: 2026-09-30.
Nidec moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「After suspected improper conduct was reported at multiple locations, NIDEC determined that an objective investigation by external experts with extensive experience and expertise in investigating similar cases was necessary to clarify the facts in greater detail, identify the causes, and consider effective remedial measures to strengthen its commitment to product quality. It established an investigation committee on 13 May 2026. The committee has completed its investigation, and NIDEC received its investigation report on 2 September 2026.」
The comprehensive quality inspection identified changes to materials, processes, and designs without customer approval, falsification of testing and inspection records, and unauthorized use of nonconforming materials. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year, NIDEC had differences of opinion with certain automakers in its automotive business regarding product warranties and is holding discussions over whether it should bear the related costs.」
Differences of opinion with automakers over responsibility for product warranty costs in the automotive business are continuing. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, NIDEC had differences of opinion with certain automakers in its automotive business regarding product warranties and was holding discussions over whether it should bear the related costs.」
Differences of opinion with automakers over responsibility for product warranty costs in the automotive business are continuing. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, NIDEC had differences of opinion with certain automakers in its automotive business regarding product warranties and was holding discussions over whether it should bear the related costs.」
Differences of opinion with automakers over responsibility for product warranty costs in the automotive business are continuing. - FY2022RestatedAnnual report
「As of the end of the current consolidated fiscal year, NIDEC had differences of opinion with certain automakers in its automotive business regarding product warranties and was holding discussions over whether it should bear the related costs.」
Differences of opinion with automakers over responsibility for product warranty costs in the automotive business are continuing. - FY2022-Q3MaterialisedAnnual report
「During the third quarter of the current consolidated fiscal year, NIDEC had differences of opinion with certain automakers in its automotive business regarding product warranties and is holding discussions over whether it should bear the related costs.」
In connection with conventional product quality and product liability risks, differences of opinion have arisen with certain automakers in the automotive business over responsibility for product warranty costs. - FY2021RestatedAnnual report
「Product quality must be defined to include such considerations as human rights and working conditions in the process of procuring materials used in products, as well as CO2 emissions during extraction.」
In addition to conventional safety and recall risks, it identifies human rights, working conditions, and CO2 emissions in materials procurement as elements of quality. - FY2018RestatedAnnual report
「Failure to provide safe, high-quality products could lead to serious property damage or accidents involving loss of life. In addition to legally mandated recalls, these products are subject to particularly high safety requirements as a matter of public expectation.」
It reaffirms the risks related to quality, recalls, and product liability associated with the expansion of the automotive, consumer electronics, and other businesses. - FY2017RestatedAnnual report
「Failure to provide safe, high-quality products could lead to serious property damage or accidents involving loss of life. In addition to legally mandated recalls, these products are subject to particularly high safety requirements as a matter of public expectation.」
It reaffirms the risks related to quality, recalls, and product liability associated with the expansion of the automotive and other businesses. - FY2016First statedAnnual report
「In the markets for automotive, consumer electronics, commercial, and industrial motors and other components, failure to provide safe, high-quality products could lead to serious property damage or accidents involving loss of life. In addition to legally mandated recalls, these markets are subject to particularly high safety requirements as a matter of public expectation.」
It describes the risks of quality issues, accidents, recalls, litigation, and brand damage associated with the expansion of the automotive and other businesses.