Quality issues, including recalls
First written in FY2016. 9 of 18 entries say "Worsened", first in FY2020. Latest entry: 2026-10-28.
- 2026-10-28WorsenedEarnings
「製品保証引当金 12,434 12,694」
製品保証引当金残高が2026年3月末の12,434百万円から2026年9月末の12,694百万円へ260百万円増加し、リコール等に伴う将来負担が拡大している。 - FY2026WorsenedAnnual report
「Product warranty provision 12,244 12,434」
The product warranty provision balance increased from ¥12,244 million at the end of the previous fiscal year to ¥12,434 million, indicating a slight increase in future costs associated with recalls and product liability. - FY2026-H1MitigatedAnnual report
「Product warranty provision 12,244 12,079」
The balance of the product warranty provision decreased by ¥165 million from ¥12,244 million at the end of the previous consolidated fiscal year to ¥12,079 million, representing a modest reduction in the balance of future obligations associated with quality issues. The possibility of recalls and product liability claims itself continues to exist. - FY2025-H1MitigatedAnnual report
「Product warranty provision 14,294 12,207」
The balance of the product warranty provision decreased from ¥14,294 million at the end of the previous consolidated fiscal year to ¥12,207 million, reducing the balance of future obligations associated with quality issues. The possibility of recalls and product liability claims itself continues to exist. - FY2024WorsenedAnnual report
「Product warranty provision 2,511 14,294」
The balance of the product warranty provision increased substantially from ¥2,511 million at the end of the previous fiscal year to ¥14,294 million, increasing future obligations associated with quality issues. The possibility of recalls and product liability claims continues to be disclosed. - FY2024-Q3WorsenedAnnual report
「Product warranty provision 2,511 4,051」
The balance of the product warranty provision increased from ¥2,511 million at the end of the previous consolidated fiscal year to ¥4,051 million, increasing the balance of future obligations associated with quality issues. - FY2024-Q2MitigatedAnnual report
「Product warranty provision 2,511 1,714」
The balance of the product warranty provision decreased from ¥2,511 million at the end of the previous consolidated fiscal year to ¥1,714 million, reducing the balance of future obligations associated with quality issues. The disclosure states that there were no material changes in business and other risks. - FY2023-Q3WorsenedAnnual report
「Product warranty provision 1,060 1,290」
The balance of the product warranty provision increased from ¥1,060 million at the end of the previous consolidated fiscal year to ¥1,290 million, increasing the balance of future obligations associated with quality issues. - FY2023-Q2WorsenedAnnual report
「Product warranty provision 1,060 1,244」
The balance of the product warranty provision increased from ¥1,060 million at the end of the previous consolidated fiscal year to ¥1,244 million, increasing the balance of future obligations associated with quality issues. - FY2022MitigatedAnnual report
「Product warranty provision 4,711 1,060」
The balance of the product warranty provision decreased from ¥4,711 million at the end of the previous fiscal year to ¥1,060 million, reducing the balance associated with past quality issues. Meanwhile, the possibility of recalls and product liability claims continues to be disclosed. - FY2021-Q2MitigatedAnnual report
「Following a settlement between the Company and its overseas subsidiaries and affiliates, and Furukawa Electric Co.,Ltd. and its overseas subsidiaries and affiliates, which manufacture and sell the relevant products, establishing the allocation of costs between the parties, the Group recorded ¥2,820 million as an extraordinary gain in the cumulative second quarter of the current consolidated fiscal year. This represented a reversal of the Group's share of market recall costs previously recorded through the fiscal year ended March 2017.」
A settlement establishing the allocation of costs for past recall expenses was reached, and a ¥2,820 million reversal of the Group's share was recorded as an extraordinary gain. The facts indicate a reduction in the financial burden arising from past quality issues. - FY2020WorsenedAnnual report
「The Group manufactures various products based on the fundamental principle of putting quality first, but recalls or product liability claims may arise in the future. In addition, while the standardization of parts in the automotive industry offers opportunities for greater efficiency and expanded business, costs may become substantial because the number of products affected by a quality defect may increase.」
In addition to the existing possibility of recalls, the Group specifies that parts standardization may increase the scope of impact and costs if defects occur. - FY2019RestatedAnnual report
「The Group manufactures various products with quality as its top priority. However, as the external environment surrounding safety is changing, there is no assurance that recalls will not occur in the future.」
The Group continues to disclose its commitment to quality as its top priority and the possibility of future recalls as a risk. - FY2018RestatedAnnual report
「The Group manufactures various products with quality as its top priority. However, as the external environment surrounding safety is changing, there is no assurance that recalls will not occur in the future.」
The Group continues to disclose its commitment to quality as its top priority and the possibility of future recalls as a risk. - FY2017MaterialisedAnnual report
「The Group recorded an additional extraordinary loss relating to defects in some products manufactured in the past.」
For defects in products manufactured in the past, a ¥10,460 million product warranty-related loss was recorded as an extraordinary loss during the current fiscal year. - FY2016First statedAnnual report
「Because defects were found in some products manufactured in the past, customers were required to conduct a market recall.」
The disclosure states that a recall occurred during the current fiscal year due to defects in products manufactured in the past.