Risk of Rising Product Warranty and After-Sales Service Costs
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 9 of 37 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The company recognizes a provision based on the historical rate for estimated warranty work costs to cover expenditures for new shipbuilding and other after-sales services.」
The company continues its policy of making provisions for warranty work to cover after-sales service costs. - FY2021RestatedAnnual report
「The company recognizes a provision based on the historical rate for estimated warranty work costs to cover expenditures for new shipbuilding and other after-sales services.」
The company continues its policy of making provisions for warranty work to cover after-sales service costs. - FY2019RestatedAnnual report
「The company recognizes a provision based on the historical rate for the estimated cost of warranty work to cover expenditures for after-sales service on completed products. However, a significant increase in actual repair costs could adversely affect future operating results and financial condition.」
The company continues to disclose the risk of higher after-sales service repair costs and the provision made for warranty work. - FY2017First statedAnnual report
「The company recognizes a provision based on the historical rate for the estimated cost of warranty work to cover expenditures for after-sales service on completed products. However, a significant increase in actual repair costs could adversely affect future operating results and financial condition.」
The company has newly identified the risk that a significant increase in repair costs associated with after-sales service for completed products may not be absorbed by the warranty provision.