Costs Associated with Warranty Work and Product Liability
First written in FY2016. 2 of 6 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Sanoyas Holdings moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2024: 5 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Provision for warranty work: ¥66 million; provision for losses on contracts: ¥9 million; total: ¥76 million」
The provision for warranty work increased from ¥40 million in the previous fiscal year to ¥66 million, resulting in higher costs associated with warranty work. - FY2024MaterialisedAnnual report
「Included in cost of sales were ¥108 million in provisions for warranty work and ¥50 million in provisions for losses on contracts, for a total of ¥158 million.」
The provision for warranty work amounted to ¥108 million, and costs related to warranty work and product liability were recognized in the current year's financial statements. - FY2017RestatedAnnual report
「Damages: This was compensation for the customer's business losses during the warranty work carried out in the ship repair business.」
The ¥47 million compensation for the customer's business losses related to warranty work in the ship repair business continues to be reported. - FY2017-Q3RestatedAnnual report
「Damages: This was compensation for the customer's business losses during the warranty work carried out in the ship repair business.」
Compensation for the customer's business losses related to warranty work in the ship repair business continues to be reported as ¥47 million in damages. - FY2017-Q2MaterialisedAnnual report
「Damages: This was compensation for the customer's business losses during the warranty work carried out in the ship repair business.」
The Company recognized ¥47 million in damages for the customer's business losses in connection with warranty work in the ship repair business. - FY2016First statedAnnual report
「The Group manufactures, installs and maintains products in accordance with its quality control standards. However, costs arising from warranty work borne by the Group, product liability and other matters may not be covered by insurance or other means and could affect the Group's operating results and financial condition.」
While maintaining quality control, it identifies the potential for uncovered costs associated with warranty work and product liability.