Product Defects and Rising Warranty Costs
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2019: 6 of 30 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company provides a one-year warranty free of charge after customer acceptance for quality defects and product malfunctions.」
The Company continues to disclose the one-year warranty free of charge after customer acceptance and the possibility that warranty costs may exceed the provision. - FY2020RestatedAnnual report
「The Company's group provides a one-year warranty free of charge after customer acceptance for quality defects and product malfunctions.」
The Company continues to disclose the one-year warranty free of charge after customer acceptance and the possibility that warranty costs may exceed the provision. - FY2019RestatedAnnual report
「The Company's group provides a one-year warranty free of charge after customer acceptance for quality defects and product malfunctions.」
The Company continues to disclose the one-year warranty free of charge after customer acceptance and the possibility that warranty costs may exceed the provision. - FY2018RestatedAnnual report
「The Company's group provides a one-year warranty free of charge after customer acceptance for quality defects and product malfunctions.」
The Company continues to disclose the one-year warranty free of charge after customer acceptance and the possibility that warranty costs may exceed the provision. - FY2016First statedAnnual report
「The Company's group provides a one-year warranty free of charge after customer acceptance for quality defects and product malfunctions. A provision for product warranties is recorded based on past results and other factors to cover costs arising from product warranties. However, if warranty costs exceed the provision, for example for new products or products with specifications different from those of prior products, this could affect the performance of the Company's group.」
The Company provides a one-year warranty free of charge and identifies the possibility of warranty costs exceeding the provision as a risk.