Adverse effects of quality issues on business performance and financial position
First written in FY2016. 24 of 27 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 58 companies on the "Worse" side.
- FY2026ReframedAnnual report
「However, if a serious product quality defect or nonconformity with a contract occurs, repair costs, liability for damages and a decline in customer confidence may arise, potentially adversely affecting the group’s business performance and financial position.」
The quality issue risk was organized to include not only serious quality defects but also contractual nonconformity, repair costs, liability for damages and declining customer confidence. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes could have a material impact on the financial position, operating results or cash flow position of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year, among the matters related to the business and accounting conditions described in this quarterly securities report.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes could have a material impact on the financial position, operating results or cash flow position of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year, among the matters related to the business and accounting conditions described in this quarterly securities report.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2021RestatedAnnual report
「The group’s railway signaling business is related to railway transportation safety and security. To provide customers with products that support safe train operations, including system products such as ATC (automatic train control) and train operation management systems, and field products such as ATS (automatic train stop), centralized monitoring equipment, electronic level-crossing equipment, track circuits and relays, the group is pursuing further quality improvements and thorough measures to prevent recurrence. However, if a quality issue occurs that exceeds the scope of the group’s efforts, it may adversely affect the group’s business performance and financial position.」
While pursuing quality improvements and measures to prevent recurrence, the company continues to describe adverse effects on business performance and financial position from quality issues exceeding the scope of its efforts as a risk. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes could have a material impact on the financial position, operating results or cash flow position of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year, among the matters related to the business and accounting conditions described in this quarterly securities report.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes could have a material impact on the financial position, operating results or cash flow position of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year, among the matters related to the business and accounting conditions described in this quarterly securities report.」
The company states that there were no material changes in the major risks, including the adverse effects of quality issues on business performance and financial position. - FY2020RestatedAnnual report
「However, if a quality issue occurs that exceeds the scope of the group’s efforts, it may adversely affect the group’s business performance and financial position.」
While pursuing thorough quality control, quality improvements and measures to prevent recurrence, the company continues to describe adverse effects on business performance and financial position from quality issues exceeding the scope of its efforts as a risk. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2020-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the matters related to the business and accounting conditions described in this quarterly securities report that could have a material impact on investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2019RestatedAnnual report
「However, if a quality issue occurs that exceeds the scope of the group’s efforts, it may adversely affect the group’s business performance and financial position.」
The adverse effects of quality issues on business performance and financial position continue to be described as a risk. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2019-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the matters related to the business and accounting conditions described in this quarterly securities report that could have a material impact on investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2018MaterialisedAnnual report
「A defect occurred in some impedance bond products, and ¥2.580 billion was recognized as an extraordinary loss for product repair costs, resulting in a net loss attributable to owners of the parent of ¥654 million.」
The quality issue previously described as a risk actually occurred as defects in some impedance bond products. After customers requested comprehensive inspections and replacement of the components, the provision for product repairs increased by ¥2.546 billion. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2018-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the matters related to the business and accounting conditions described in this quarterly securities report that could have a material impact on investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there were no material changes in its existing business and other risks, including the adverse effects of quality issues on business performance and financial position. - FY2017RestatedAnnual report
「However, if a quality issue occurs that exceeds the scope of the group’s efforts, it may adversely affect the group’s business performance and financial position.」
The adverse effects of quality issues on business performance and financial position continue to be described as a risk. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The company states that there were no material changes in the business and other risks from the previous fiscal year, including quality issues. - FY2017-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes in the business and other risks from the previous fiscal year, including quality issues. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the matters related to the business and accounting conditions described in this quarterly securities report that could have a material impact on investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there were no material changes in the business and other risks described for the previous fiscal year, including quality issues. - FY2016First statedAnnual report
「However, if a quality issue occurs that exceeds the scope of the group’s efforts, it may adversely affect the group’s business performance and financial position.」
This is described as a quality risk associated with providing products related to railway transportation safety.