Defect and component failure risks in public infrastructure products
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022MitigatedAnnual report
「We take every possible measure to ensure product quality through thorough design reviews and reliable pre-shipment inspections. However, factors such as the components used may cause product defects that cannot be detected during pre-shipment inspections. In such cases, we will promptly take measures for the relevant model, such as inspecting all components from the relevant manufacturing lot, to prevent similar defects from spreading.」
The disclosure specifies measures to prevent and contain defects, including design reviews, pre-shipment inspections, and inspections of all components from the relevant manufacturing lot. - FY2021RestatedAnnual report
「The disclosure continues to identify the risk of impacts from manufacturing lot defects in purchased components and the resulting repair costs.」
The disclosure continues to identify the risk of impacts from manufacturing lot defects in purchased components and repair costs. - FY2020RestatedAnnual report
「Although we select highly reliable purchased components incorporated into our products and conduct thorough inspections, manufacturing lot defects or similar issues at component manufacturers could significantly affect the Company's products and result in substantial repair costs, significantly affecting business results.」
The disclosure continues to identify the risks of defects in public infrastructure products, manufacturing lot defects in purchased components, and repair costs. - FY2018WorsenedAnnual report
「In particular, products such as railway signaling and road traffic systems are highly public products supporting transportation infrastructure, and product defects could have a serious impact on users. This could result in substantial compensation payments and damages claims relating to the resulting harm, significantly affecting business results. In addition, although we select highly reliable purchased components incorporated into our products and conduct thorough inspections, manufacturing lot defects or similar issues at component manufacturers could significantly affect the Company's products and result in substantial repair costs, significantly affecting business results.」
In addition to the existing risk of product defects, the disclosure explicitly identifies manufacturing lot defects in purchased components and the potential for repair costs, broadening the scope of the risk. - FY2016First statedAnnual report
「In particular, products such as railway signaling and road traffic systems are highly public products supporting transportation infrastructure, and product defects could have a serious impact on users. This could result in substantial compensation payments and damages claims relating to the resulting harm, significantly affecting business results.」
The disclosure states that defects in railway signaling and road traffic systems could have a serious impact on users and lead to compensation payments and damages claims.