Costs and Loss of Confidence Due to Product Quality Defects
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group has established a stable, high-quality mass-production system through systematic quality control based on the acquisition and operation of ISO 9001, the international quality-management standard, and IATF 16949, the international quality-management standard specific to the automotive industry.」
The company explicitly stated that it has acquired and operates IATF 16949 in addition to ISO 9001, reaffirming its quality-control and quality-assurance systems. - FY2022RestatedAnnual report
「The Group is promoting the development and introduction of advanced automated inspection equipment and seeking to improve quality-control capabilities and quality-assurance standards across the Group through domestic and international personnel exchanges.」
The company reaffirmed its efforts to strengthen quality assurance in response to the risks of quality defects and defects in finished products through the development and introduction of automated inspection equipment and domestic and international personnel exchanges. - FY2021RestatedAnnual report
「The Group is promoting the development and introduction of advanced automated inspection equipment and seeking to improve quality-control capabilities and quality-assurance standards across the Group through the exchange of personnel domestically and internationally.」
The company reaffirmed its efforts to strengthen quality assurance in response to the risks of quality defects and defects in finished products through the development and introduction of automated inspection equipment and domestic and international personnel exchanges. - FY2020RestatedAnnual report
「The Group is promoting the development and introduction of advanced automated inspection equipment and seeking to improve quality-control capabilities and quality-assurance standards across the Group through the exchange of personnel domestically and internationally.」
The company reaffirmed its efforts to strengthen quality assurance in response to the risks of quality defects and defects in finished products through the development and introduction of automated inspection equipment and domestic and international personnel exchanges. - FY2018WorsenedAnnual report
「However, unforeseen quality defects or defects in finished products attributable to the company's products could affect the Group's operating results and other aspects of its business through substantial costs and a decline in social credibility.」
In addition to the existing risk of quality defects, the company explicitly identified defects in finished products attributable to its products, broadening the anticipated scope of impact. - FY2017First statedAnnual report
「The Group has established a stable, high-quality mass-production system through systematic quality control based on the acquisition and operation of ISO quality-management certifications, which are international standards. However, unforeseen quality defects could affect the Group's operating results and other aspects of its business through substantial costs and a decline in social credibility.」
While describing its ISO-based quality-control system, the company newly identified the risks of costs and reputational damage arising from product quality defects.