Recognition of a Product Warranty Provision at the Qingdao Subsidiary in China
First written in FY2023-Q3. 5 of 10 entries say "Mitigated", first in FY2024-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2019: 6 of 30 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Provision for product warranties 1,209 626」
The balance of the product warranty provision decreased from ¥1,209 million in the previous period to ¥626 million, indicating a reduction in provisions against product warranty-related risks. - 2026-04-27MitigatedEarnings
「Provision for product warranties 1,209 626」
The provision for product warranties decreased from ¥1,209 million in the previous period to ¥626 million. - FY2026-H1MitigatedAnnual report
「Product warranty provision 1,209 704」
The balance of the product warranty provision decreased from ¥1,209 million in the previous period to ¥704 million, indicating a reduction in provisions against product warranty-related risks. - FY2025WorsenedAnnual report
「Product warranty provision 787 1,209」
The consolidated product warranty provision balance increased from ¥787 million in the previous period to ¥1,209 million, indicating an expansion of provisions against product warranty-related risks. - FY2025-H1MitigatedAnnual report
「Product warranty provision 787 656」
The balance of the product warranty provision decreased from ¥787 million in the previous period to ¥656 million, and the provision expense for the current interim consolidated accounting period also decreased from ¥125 million in the same period of the previous year to ¥112 million. - FY2024WorsenedAnnual report
「Product warranty provision 661 787」
The balance of the product warranty provision increased from ¥661 million in the previous period to ¥787 million in the current period. Provisions continued to be recorded against product warranty-related risks. - FY2024-Q3MitigatedAnnual report
「Product warranty provision expense 1,041 203」
Product warranty provision expense decreased from ¥1,041 million in the same period of the previous year to ¥203 million, but provisions related to product warranties continued to be recorded. - FY2024-Q2Decrease in product warranty provision expenseAnnual report
「Product warranty provision expense 272 125」
Product warranty provision expense decreased from ¥272 million in the same period of the previous year to ¥125 million. Provisions related to product warranties continued to be recorded. - FY2024-Q1Continued recording of product warranty provisionsAnnual report
「Product warranty provision expense 188 90」
Product warranty provision expense decreased from ¥188 million in the same period of the previous year to ¥90 million in the current period, while provisions related to product warranties continued to be recorded. However, this filing does not provide the specific explanation previously given for the Qingdao subsidiary and ¥673 million. - FY2023-Q3First statedAnnual report
「Operating income decreased by ¥1,335 million year on year to ¥846 million, mainly due to a substantial decline in commercial-vehicle sales to local customers at the Qingdao subsidiary and the recording of a product warranty provision of ¥673 million. On a foreign-currency basis, operating income fell 67.1%.」
The Qingdao subsidiary in China recorded a ¥673 million product warranty provision, which was identified for the first time as a factor behind the decline in operating income in the China segment, along with the substantial decrease in commercial-vehicle sales to local customers.