Trent 1000 Engine Defects for the Boeing 787 and Associated Costs
First written in FY2019-Q1. 9 of 15 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2026.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As the Company will bear part of the losses incurred as a program participant, ¥26,044 million has been recognized as a refund liability on the consolidated statement of financial position for the portion of the losses to be borne by the Company arising from the airworthiness improvement directive.」
Operational problems with the PW1100G-JM engine program continue, but the amount recognized as a refund liability decreased from ¥43,477 million in the previous fiscal year to ¥26,044 million. - FY2022MitigatedAnnual report
「Provision for operational problems with commercial aircraft engines」
Operational problems with the Trent1000 and other engines continue, but the provision balance decreased from ¥5,984 million at the end of the previous fiscal year to ¥3,054 million. - FY2022-Q3MitigatedAnnual report
「Provision reversal gains related to operational problems with commercial aircraft engines 70」
Operational problems with commercial aircraft engines continue, but the provision balance decreased from ¥5,984 million at the end of the previous fiscal year to ¥3,132 million, and reversal gains of ¥70 million were recognized. - FY2022-Q2MitigatedAnnual report
「With respect to the costs related to these operational problems, the decrease in the amount the Company expects to bear as a program participant has been recognized as non-operating income.」
The provision for operational problems with commercial aircraft engines including the Trent1000 decreased from ¥5,984 million at the end of the previous fiscal year to ¥4,022 million, and reversal gains of ¥70 million were also recognized. - FY2022-Q1MitigatedAnnual report
「Provision for operational problems with commercial aircraft engines 5,984 5,052」
Operational problems with commercial aircraft engines continue, but the provision balance decreased from ¥5,984 million at the end of the previous consolidated fiscal year to ¥5,052 million. - FY2021-Q3MitigatedAnnual report
「Ordinary profit declined due to lower operating profit, despite an improvement in foreign exchange gains and losses and the recognition of provision reversal gains related to operational problems with commercial aircraft engines.」
Provision reversal gains of ¥3,005 million related to operational problems with commercial aircraft engines including the Trent1000 were recognized, reducing the burden of the issue during the cumulative third quarter from the previous corresponding period. - FY2021-Q2MitigatedAnnual report
「Ordinary profit increased despite higher foreign exchange losses, mainly because of a decrease in contributions related to operational problems with commercial aircraft engines.」
Operational problems with the Trent1000 continue and a provision remains outstanding, but during the cumulative second quarter, the burden on ordinary profit from the issue decreased due to lower contributions and the recognition of provision reversal gains. - FY2021-Q1RestatedAnnual report
「The Trent1000 engine program for the Boeing 787 manufactured by Rolls-Royce, in which the Company participates under the risk and revenue sharing partner (RRSP) arrangement, has experienced a significant operational problem, and Rolls-Royce is currently working to improve the situation. With respect to the costs related to these operational problems, the amount the Company expects to bear as a program participant has been recognized as a provision.」
Continued disclosure of the operational problems with the Trent1000 and the provision for the Company’s expected cost burden. The provision balance decreased from ¥15,689 million at the end of the previous fiscal year to ¥14,057 million. - FY2020-Q3MitigatedAnnual report
「Ordinary profit increased despite higher foreign exchange losses, mainly because of a decrease in contributions related to operational problems with commercial aircraft engines.」
Contributions related to operational problems with commercial aircraft engines decreased year on year, reducing the burden of this risk on ordinary profit. - FY2020-Q2MitigatedAnnual report
「Ordinary profit increased despite higher foreign exchange losses, mainly because of a decrease in contributions related to operational problems with commercial aircraft engines.」
Operational problems with the Trent1000 continue, but the contribution for the cumulative second quarter decreased from ¥9,745 million in the previous corresponding period to ¥1,157 million, reducing the burden on ordinary profit. - FY2020-Q1RestatedAnnual report
「The Trent1000 engine program for the Boeing 787 manufactured by Rolls-Royce, in which the Company participates under the risk and revenue sharing partner (RRSP) arrangement, has experienced a significant operational problem, and Rolls-Royce is currently working to improve the situation. With respect to the costs related to these operational problems, the amount the Company expects to bear as a program participant has been recognized as a provision.」
Continued disclosure of the operational problems with the Trent1000 and the provision for the Company’s expected cost burden. - FY2019MaterialisedAnnual report
「With respect to the costs related to these operational problems, the amount the Company expects to bear as a program participant has been recognized as a non-operating expense.」
For operational problems with the Boeing 787’s Trent1000 engines, ¥14,851 million was recognized as a non-operating expense and a provision of ¥11,468 million was recognized as a liability. The actual cost burden increased. - FY2019-Q3RestatedAnnual report
「With respect to the costs related to these operational problems, the amount the Company expects to bear as a program participant has been recognized as a provision.」
Reiterated that a provision has been recognized for the Company’s expected burden relating to operational problems with the Boeing 787’s Trent1000 engines. - FY2019-Q2MaterialisedAnnual report
「With respect to the costs related to these operational problems, the amount the Company expects to bear as a program participant has been recognized as a non-operating expense.」
For operational problems with the Boeing 787’s Trent1000 engines, an expected burden of ¥9,745 million was recognized as a provision and a non-operating expense, and the risk has materialized as an expense. - FY2019-Q1First statedAnnual report
「The Trent1000 engine program manufactured by Rolls-Royce, in which the Company participates under the risk and revenue sharing partner (RRSP) arrangement, has experienced problems including blade breakage caused by abnormal vibration. Rolls-Royce is currently addressing the issue. As a program participant, the Company will bear part of the associated costs, but has not recognized a provision or applied other accounting treatment because the amount cannot currently be reasonably estimated. Depending on the magnitude of the financial impact, this may affect the Group’s performance in the future.」
The Trent1000 engines for the Boeing 787 have experienced abnormal blade vibration, breakage and other issues, and the Company may bear part of the costs. The amount of the expected burden has not been reasonably estimated.