Liability and Weak Demand Due to Product Defects and Delivery Delays
First written in FY2016. 1 of 4 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2017.
The whole theme swung hardest in 2025: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2017RestatedAnnual report
「Although the OKI Group works to ensure rigorous quality control for the products and services it provides, the possibility of defects cannot be eliminated.」
The company continued to disclose the possibility of compensation claims and weak demand due to product defects and delivery delays. - FY2017-Q3MitigatedAnnual report
「The application was dismissed by the South China International Economic and Trade Arbitration Commission on 17 November 2016.」
The counterparty's arbitration claim seeking approximately ¥3.7 billion in payment on the grounds of product defects and other issues involving the Chinese subsidiary's products was dismissed. - FY2017-Q1MaterialisedAnnual report
「OKI Financial Equipment (Shenzhen) Co., Ltd., a consolidated subsidiary, received on 17 December 2015 service of an application for arbitration filed by Shenzhen Yihua Computer Industry Co., Ltd. The claimant seeks payment of RMB 221.143 million, equivalent to approximately ¥3.4 billion at the exchange rate at the end of the first quarter of the current consolidated fiscal year, alleging that it suffered losses because products provided by the Chinese subsidiary were defective and the subsidiary failed to address their measurement and upgrades, among other matters.」
The company received an arbitration claim seeking approximately ¥3.4 billion in payment on the grounds of product defects. The company described the claim as unreasonable, and it did not constitute a finding that the defect itself existed. - FY2016First statedAnnual report
「Although the OKI Group works to ensure rigorous quality control for the products and services it provides, the possibility of defects cannot be eliminated.」
The company identified product defects and delivery delays as business risks.