Discovery of improper practices across multiple businesses and products, and measures to restore quality and trust
First written in FY2025. 2 of 5 entries say "Materialised", first in FY2025. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1MaterialisedAnnual report
「After nonconformities in the quality and specifications of bridge components manufactured by the company were identified, the company reasonably estimated the equivalent costs of repairs and other measures and recorded the amount in the interim consolidated financial statements for the current interim consolidated accounting period. Customers are seeking reimbursement of the costs of addressing the nonconformities, and discussions are under way.」
New nonconformities involving the quality and specifications of bridge components were identified, leading to the recognition of related costs and discussions with customers regarding the allocation of those costs. - FY2026MitigatedAnnual report
「The group is taking the discovery of these improper practices seriously and has formulated and is implementing 6 measures to prevent recurrence based on the recommendations of the Special Investigation Committee.」
Measures addressing the improper practices advanced to the implementation stage across 6 areas: commitment by top management, organisational culture reform, business process improvements, prevention of quality-related misconduct, strengthening of quality assurance functions and strengthening of the board's oversight functions. - FY2025MaterialisedAnnual report
「It was discovered that improper practices had occurred in some areas of the businesses and products involving marine engines, municipal solid-waste incineration facilities, sewage treatment facilities, bridges, cast products and special valves, among others.」
An investigation by the Special Investigation Committee uncovered improper practices across multiple businesses and products, and ¥3,567 million in costs related to quality-related improper practices was recorded. The company stated that it would work to prevent recurrence, strengthen its quality assurance system and enhance board oversight.