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Hochiki (6745) · RiskMitigated

Product Defects and Recall Losses Relating to Wireless Fire-Alarm Systems

First written in FY2016. 15 of 16 entries say "Mitigated", first in FY2017. Latest entry: FY2021-Q3.

16entries
6years
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2016MitigatedFY2017 – FY2021-Q32016: 120162017: 320172018: 420182019: 420192020: 320202021: 1
Same theme, other companies
Recall losses arising from defects in wireless fire alarm systemsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2021-Q3MitigatedAnnual report

    「Provision for recall-related costs 54 28」

    The provision for recall-related costs decreased from ¥54 million at the end of the previous fiscal year to ¥28 million at the end of the third quarter, further reducing the balance.
  2. FY2021-Q2MitigatedAnnual report

    「Provision for recall-related costs ¥631 million ¥510 million」

    The upper limit of the repurchase obligation associated with the securitization of receivables decreased under a separate line item, while the provision for recall-related costs also decreased from ¥54 million at the end of the previous fiscal year to ¥35 million.
  3. FY2020MitigatedAnnual report

    「Provision for recall-related costs ¥106 million ¥54 million」

    The provision for recall-related costs decreased from ¥106 million at the end of the previous fiscal year to ¥54 million, reducing the balance.
  4. FY2020-Q3MitigatedAnnual report

    「Provision for recall-related costs 106 67」

    The provision for recall-related costs decreased from ¥106 million at the end of the previous fiscal year to ¥67 million at the end of the third quarter, further reducing the balance.
  5. FY2020-Q2MitigatedAnnual report

    「Provision for recall-related costs ¥106 million ¥78 million」

    The provision for recall-related costs decreased from ¥106 million at the end of the previous fiscal year to ¥78 million at the end of the second quarter, reducing the balance.
  6. FY2020-Q1MitigatedAnnual report

    「Provision for recall-related costs 106 92」

    The provision for recall-related costs decreased from ¥106 million at the end of the previous fiscal year to ¥92 million at the end of the first quarter, further reducing the balance.
  7. FY2019MitigatedAnnual report

    「Provision for recall-related costs 185 106」

    The provision for recall-related costs decreased from ¥185 million at the end of the previous fiscal year to ¥106 million, further reducing the balance.
  8. FY2019-Q3MitigatedAnnual report

    「Provision for recall-related costs 185 120」

    The provision for recall-related costs decreased from ¥185 million at the end of the previous fiscal year to ¥120 million at the end of the third quarter, further reducing the balance.
  9. FY2019-Q2MitigatedAnnual report

    「Provision for recall-related costs 185 133」

    The provision for recall-related costs decreased from ¥185 million at the end of the previous fiscal year to ¥133 million at the end of the second quarter, further reducing the balance.
  10. FY2019-Q1MitigatedAnnual report

    「Provision for recall-related costs 185 156」

    The provision for recall-related costs decreased from ¥185 million at the end of the previous fiscal year to ¥156 million at the end of the first quarter, further reducing the provision balance.
  11. FY2018MitigatedAnnual report

    「Provision for recall-related costs 347 185」

    The provision for recall-related costs decreased from ¥347 million at the end of the previous fiscal year to ¥185 million, further reducing the provision balance.
  12. FY2018-Q3MitigatedAnnual report

    「Provision for recall-related costs 347 210」

    The provision for recall-related costs decreased from ¥347 million at the end of the previous fiscal year to ¥210 million at the end of the third quarter, further reducing the balance.
  13. FY2018-Q2MitigatedAnnual report

    「Provision for recall-related costs 347 240」

    The provision for recall-related costs decreased from ¥347 million at the end of the previous fiscal year to ¥240 million at the end of the second quarter, further reducing the balance.
  14. FY2018-Q1MitigatedAnnual report

    「Provision for recall-related costs 347 288」

    The provision for recall-related costs decreased from ¥347 million at the end of the previous fiscal year to ¥288 million at the end of the first quarter, further reducing the provision balance.
  15. FY2017MitigatedAnnual report

    「Recall-related losses 1,850 -」

    The ¥1,850 million recall-related loss recorded in the previous fiscal year was not recorded in the current fiscal year, and the provision for recall-related costs also decreased from ¥953 million to ¥347 million. However, spending and provisions related to inspections and replacements remain.
  16. FY2016MaterialisedAnnual report

    「As announced in the “Notice Regarding Product Defects” published on 13 August 2015, defects occurred in certain wireless fire alarm system products manufactured and sold by the Company, and the Company recorded an extraordinary loss of ¥1,850 million related to inspection and replacement work.」

    Actual product defects occurred, resulting in an extraordinary loss and a provision related to inspection, replacement and recall costs.
Moved together

"Growth in Operating and Ordinary Profit Due to Improved Cost Ratios and Other Factors" moved the same way as this thread, in the same document, in 5 of its 16 moves.

555543★123456
  1. ★This thread
  2. 1Growth in Operating and Ordinary Profit Due to Improved Cost Ratios and Other Factors5×
  3. 2Lower Revenue and Segment Losses in the Information and Communications Business5×
  4. 3Lower Orders, Flat Revenue and Lower Segment Profit in Disaster-Prevention Operations5×
  5. 4Repurchase Obligations Arising from the Securitization of Bills Receivable5×
  6. 5Developing Safe and Secure Products that Meet Customer Needs4×
  7. 6Strengthening Marketing, Product Planning and Product Development for Overseas Operations3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Product Defects and Recall Losses Relating to Wireless Fire-Alarm Systems | HOCHIKI CORPORATION (6745) | Komori