Estimation Uncertainty in Product Warranty Provisions
First written in FY2018. 14 of 20 entries say "Restated". Latest entry: FY2026.
Aisan Industry moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「This calculation is based on estimates and is inherently uncertain. Accordingly, actual claim costs may differ from the estimates, potentially necessitating an additional provision or reversal of the provision for product warranties.」
Although uncertainty in estimating the provision for product warranties continues, the provision balance decreased from ¥14,660 million to ¥6,977 million, and the provision recorded also decreased from ¥7,968 million in the previous fiscal year to ¥85 million. - FY2026-H1MitigatedAnnual report
「Provision for product warranty costs 1,671 △ 1,075」
The provision recorded for product warranty costs decreased from ¥1,671 million in the same period of the previous year to negative ¥1,075 million, while the provision balance also decreased from ¥14,660 million to ¥9,472 million. - FY2025WorsenedAnnual report
「Current fiscal year Our company 5,329 玄潭産業㈱ 8,059」
A breakdown of the ¥14,660 million provision for product warranties was provided: ¥5,329 million for our company and ¥8,059 million for 玄潭産業㈱. The greater balance reflects the uncertainty that actual claim costs may differ from estimates, requiring an additional provision or reversal. - FY2025-H1WorsenedAnnual report
「Provision for product warranties 7,603 9,007 Provision for product warranty expenses 1,494 1,671」
The balance of the provision related to uncertainty in estimating product warranty costs, as well as the provision recorded during the period, has increased from the same period of the previous year and the end of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「Provision for product warranties 2,949 4,671 Provision for product warranty costs 102 1,494」
The balance of the provision for product warranties increased from ¥2,949 million at the end of the previous fiscal year to ¥4,671 million, while the provision recorded during the six months ended the second quarter was ¥1,494 million. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2022-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2021-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative period of the third quarter. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company has continued to provide an overall explanation that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2020-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has continued to provide an overall explanation that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has continued to provide an overall explanation that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2019RestatedAnnual report
「This calculation is based on estimates and is inherently uncertain. Accordingly, actual claim costs may differ from the estimates, potentially necessitating an additional provision for product warranties.」
The company has continued to identify the risk that differences between estimated product warranty costs and actual claim costs may necessitate an additional provision. - FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has continued to provide an overall explanation that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2019-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has continued to provide an overall explanation that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has continued to provide an overall explanation that there have been no material changes regarding uncertainty in estimating the provision for product warranties. - FY2018First statedAnnual report
「This calculation is based on estimates and is inherently uncertain. Accordingly, actual claim costs may differ from the estimates, potentially necessitating an additional provision for product warranties.」
The company has newly identified as a risk the possibility that differences between estimated product warranty costs and actual claim costs may necessitate an additional provision for product warranties.