Operational Issues and Loss Burden Related to the PW1100G-JM Engine Program
First written in FY2024-Q2. 4 of 7 entries say "Mitigated", first in FY2024-Q3. 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.」
The amount recognized as a refund liability under the PW1100G-JM engine program decreased from ¥43,477 million in the previous fiscal year to ¥26,044 million. - 2026-05-12RestatedFinancial results briefing materials
「No change at present in the estimated amount of the loss」
Reiterated that there was no change in the estimated future loss amount recorded in full in fiscal 2023 in connection with operational issues in the PW1100G-JM engine program. - FY2026-H1MitigatedAnnual report
「As the Company is required to bear part of the losses incurred as a participating member of the program, it recorded ¥34,867 million as the portion of losses arising from the airworthiness directive in “refund liabilities” on the condensed interim consolidated statement of financial position.」
Operational issues in the PW1100G-JM engine program continue, but the amount recorded as a refund liability decreased from ¥52,445 million in the interim period of the previous fiscal year to ¥34,867 million. - FY2025-H1MitigatedAnnual report
「As the Company is required to bear part of the losses incurred as a participating member of the program, it recorded ¥52,445 million as the portion of losses arising from the airworthiness directive in “refund liabilities” on the condensed interim consolidated statement of financial position.」
Operational issues in the PW1100G-JM engine program continue, but the amount recorded as a refund liability decreased from ¥59,611 million at the end of the previous consolidated fiscal year to ¥52,445 million. - FY2024WorsenedAnnual report
「As the Company is required to bear part of the losses incurred as a participating member of the program, it recorded ¥59,611 million as the portion of losses arising from the airworthiness directive in “refund liabilities” on the consolidated statement of financial position and deducted ¥60,047 million from “revenue” on the consolidated income statement.」
Regarding the burden associated with operational issues in the PW1100G-JM engine program, the Company recorded a refund liability of ¥59,611 million for the full fiscal year and deducted ¥60,047 million from revenue. The amount disclosed increased from the burden reported in the previous quarter to the amount disclosed for the full fiscal year. - FY2024-Q3MitigatedAnnual report
「As the Company is required to bear part of the losses incurred as a participating member of the program, it recorded ¥56,247 million as the portion of losses arising from the airworthiness directive in “refund liabilities” on the condensed quarterly consolidated statement of financial position and deducted the amount from “revenue” on the condensed quarterly consolidated income statement.」
Operational issues in the PW1100G-JM engine program continue, but the amount recorded for the loss burden decreased from ¥57,992 million reported in the previous quarter to ¥56,247 million. - FY2024-Q2MaterialisedAnnual report
「The PW1100G-JM engine program, in which the Company participates through International Aero Engines, LLC (hereinafter, “IAE”), an international joint venture for commercial aircraft engines, has encountered a significant operational issue, and the Company is currently working with IAE to improve the situation. As the Company is required to bear part of the losses incurred as a participating member of the program, it recorded ¥57,992 million as the portion of losses arising from the airworthiness directive in “refund liabilities” on the condensed quarterly consolidated statement of financial position and deducted the amount from “revenue” on the condensed quarterly consolidated income statement.」
A significant operational issue occurred in the PW1100G-JM engine program. The Company recorded ¥57,992 million, representing its share of the losses associated with the airworthiness directive, as a refund liability and deducted it from revenue.