Product Recall and Damages Risk Due to Product Defects
First written in FY2021. 2 of 4 entries say "Materialised", first in 2026-05-15. Latest entry: FY2026.
Willtec moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「We recorded losses related to the voluntary recall of lighting fixtures.」
Regarding the risk of product recalls and claims for damages due to product defects and other causes, an actual voluntary recall of lighting fixtures occurred, and ¥98 million in losses related to the voluntary product recall and ¥16 million in provision expenses were recorded. - 2026-05-15MaterialisedEarnings
「Provision for product voluntary recall-related loss 16」
The company recorded ¥16 million in provision for product voluntary recall-related losses and ¥98 million in product voluntary recall-related losses in connection with risks of recalls and damages related to product defects. - FY2024RestatedAnnual report
「If the risk of product recalls or claims for damages arising from product defects materializes and circumstances arise in which the losses cannot be covered by insurance, this could adversely affect the business and financial results of our group.」
The company continues to identify the risk of product recalls and claims for damages arising from product defects. - FY2021First statedAnnual report
「If the risk of product recalls or claims for damages arising from product defects materializes and circumstances arise in which the losses cannot be covered by insurance, this could adversely affect the business and financial results of our group.」
For products such as EMS products, the company identifies as risks the impact of product recalls and claims for damages arising from defects, as well as situations in which the losses cannot be covered by insurance.