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Lasertec (6920) · RiskRestated

Quality Issues Associated with Early Deployment of Cutting-Edge Technologies

First written in FY2016. 17 of 26 entries say "Restated". Latest entry: FY2024-Q1.

26entries
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ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q1MitigatedFY2020 – FY2021-Q2RestatedFY2021 – FY2024-Q12016: 22017: 420172018: 420182019: 420192020: 320202021: 320212022: 220222023: 42023
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Risk of Malfunctions and Deficiencies in New Technologies Such as Cloud Computing, Blockchain and AIA theme 6 companies write about · 6 as a headwind · 0 as a tailwind

3 other companies' latest entry also says "Restated".

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  1. FY2024-Q1RestatedAnnual report

    「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  2. FY2023RestatedAnnual report

    「However, if an unforeseen quality issue associated with a new technology arises, the performance of the Group could be affected by a decline in sales, damage to its reputation and other factors.」

    The company continues to identify the risk of quality issues associated with introducing new technologies that have not yet gained market acceptance into its products.
  3. FY2023-Q3RestatedAnnual report

    「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  4. FY2023-Q2RestatedAnnual report

    「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  5. FY2023-Q1RestatedAnnual report

    「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  6. FY2022-Q2RestatedAnnual report

    「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  7. FY2022-Q1RestatedAnnual report

    「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  8. FY2021RestatedAnnual report

    「However, if an unforeseen quality issue associated with a new technology arises, the performance of the Group could be affected by a decline in sales, damage to its reputation and other factors.」

    The company continues to identify the risk of unforeseen quality issues associated with cutting-edge technologies that have not yet gained market acceptance. The disclosure also covers its quality assurance framework, collaboration with partner companies and suppliers, and measures to prevent recurrence when issues arise.
  9. FY2021-Q2MitigatedAnnual report

    「Provision for quality warranties 92,920 -」

    The provision for quality warranties decreased from ¥92.920 million at the end of the previous consolidated fiscal year to zero at the end of the second quarter. The provision balance related to quality warranties has been fully reversed.
  10. FY2020MitigatedAnnual report

    「Provision for quality warranties 230,344 92,920」

    The provision for quality warranties decreased from ¥230.344 million at the end of the previous fiscal year to ¥92.920 million. A liability related to quality warranties remains recognized, but the provision balance has decreased.
  11. FY2020-Q3Increase in provision for quality warrantiesAnnual report

    「Provision for quality warranties 230,344 146,055」

    The provision for quality warranties decreased from ¥230.344 million at the end of the previous consolidated fiscal year to ¥146.055 million at the end of the third quarter. However, it increased from ¥105.594 million at the end of FY2020-Q2, and the recognition of provisions related to quality warranties continues.
  12. FY2020-Q2Further decrease in provision for quality warrantiesAnnual report

    「Provision for quality warranties 230,344 105,594」

    The provision for quality warranties decreased from ¥230.344 million at the end of the previous consolidated fiscal year to ¥105.594 million at the end of the second quarter.
  13. FY2020-Q1Decrease in provision for quality warrantiesAnnual report

    「Provision for quality warranties 230,344 160,715」

    The provision for quality warranties decreased from ¥230.344 million at the end of the previous consolidated fiscal year to ¥160.715 million at the end of the first quarter. However, the provision continues to be recognized.
  14. FY2019MaterialisedAnnual report

    「Provision for quality warranties - 230,344」

    A provision for quality warranties of ¥230.344 million was recognized at the end of the consolidated fiscal year, confirming the recognition of costs and liabilities related to quality issues on a full-year basis as well.
  15. FY2019-Q3RestatedAnnual report

    「Provision for quality warranties - 318,442」

    A provision for quality warranties of ¥318.442 million was recognized at the end of the third quarter, and the recognition of costs and liabilities related to quality issues continues.
  16. FY2019-Q2MaterialisedAnnual report

    「Provision for quality warranties - 459,907」

    The provision for quality warranties increased from none at the end of the previous consolidated fiscal year to ¥459.907 million. As in the first quarter, the recognition of costs and liabilities related to quality issues has been confirmed.
  17. FY2019-Q1Recognition of provision for quality warrantiesAnnual report

    「Provision for quality warranties - 356,067」

    A provision for quality warranties of ¥356.067 million was recognized at the end of the first quarter, although no such provision had been recognized at the end of the previous consolidated fiscal year. The disclosure does not explain the specific reason for its recognition.
  18. FY2018RestatedAnnual report

    「However, because we actively develop cutting-edge technologies, incorporate them into new products, and seek to launch them on the market at an early stage, some new technologies have not yet become established in the market. If an unexpected quality issue arises, it could affect the performance of our Group.」

    While maintaining its quality assurance framework, the company continues to disclose the risk of quality issues associated with the early launch of new technologies that have not yet gained market acceptance.
  19. FY2018-Q3RestatedAnnual report

    「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  20. FY2018-Q2RestatedAnnual report

    「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company states that there have been no new occurrences or material changes in the risk of quality issues associated with the early launch of cutting-edge technologies.
  21. FY2018-Q1RestatedAnnual report

    「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  22. FY2017RestatedAnnual report

    「However, because we actively develop cutting-edge technologies, incorporate them into new products, and seek to launch them on the market at an early stage, some new technologies have not yet become established in the market. If an unexpected quality issue arises, it could affect the performance of our Group.」

    While maintaining its quality assurance framework, the company continues to disclose the risk of quality issues associated with the early launch of new technologies that have not yet gained market acceptance.
  23. FY2017-Q3RestatedAnnual report

    「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  24. FY2017-Q2RestatedAnnual report

    「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The disclosure states that there have been no new occurrences or material changes concerning quality issues associated with the early launch of cutting-edge technology.
  25. FY2017-Q1RestatedAnnual report

    「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」

    States that no new risks arose and that there were no material changes to existing risks.
  26. FY2016First statedAnnual report

    「Our Group has established a quality assurance system, including ISO 9001 certification, pays meticulous attention to product maturity, and strives to establish a high-level service system. However, because we actively develop cutting-edge technologies, incorporate them into new products, and seek to launch them on the market at an early stage, some new technologies have not yet become established in the market. If an unexpected quality issue arises, it could affect the performance of our Group.」

    Although quality assurance and service systems are in place, quality issues arising from new technologies that have not yet become established in the market are identified as a risk.
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  2. 1Creating high-growth, highly profitable businesses and improving the earnings structure2×
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Quality Issues Associated with Early Deployment of Cutting-Edge Technologies | Lasertec Corporation (6920) | Komori