Impact of Large-Scale Product Defects on Costs and Reputation
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「・Planning and implementation of activities to ensure product quality at the Quality Control Committee (once a year) and Quality Meetings (once a month) ・Reporting to management at management meetings on the causes of and measures for quality complaints」
The potential impact of large-scale product defects on costs and reputation continues to be identified, and reporting of quality complaints to management meetings is disclosed in addition to the Quality Committee and Quality Meetings. - FY2020RestatedAnnual report
「Planning and implementation of activities to ensure product quality at the Quality Control Committee (once a year) and Quality Meetings (once a month)」
Activities to ensure quality through the Quality Control Committee and Quality Meetings are disclosed, in addition to quality stabilisation, inspection and warranty management, and IATF16949 certification. - FY2019RestatedAnnual report
「In manufacturing its products, the group pursues quality stabilisation, establishes a rigorous inspection and warranty management system, and takes measures including obtaining insurance coverage, addressing risks including quality non-conformity risk and various other risks associated with its business activities. However, large-scale product defects may result in substantial costs and have a significant impact on the reputation of the group, and depending on the consequences, may affect operating performance and financial condition.」
Measures including quality stabilisation, inspection and warranty management, and insurance coverage, as well as the potential impact of large-scale defects, continue to be disclosed. - FY2018RestatedAnnual report
「However, large-scale product defects may result in substantial costs and have a significant impact on the reputation of the group, and depending on the consequences, may affect operating performance and financial condition.」
While measures including quality stabilisation, inspection, and warranty management are disclosed, the potential impact of large-scale product defects on costs, reputation, and operating performance continues to be identified. - FY2017MaterialisedAnnual report
「With respect to product defects that occurred in the past, the amount to be borne by the company was finalised following discussions with customers, and compensation for losses was recorded as an extraordinary loss.」
In relation to product defect risk, the amount to be borne for past product defects was finalised, and ¥109.740 million in compensation for losses was recorded as an extraordinary loss. - FY2016First statedAnnual report
「Large-scale product defects may result in substantial costs and have a significant impact on the reputation of the group, and depending on the consequences, may affect operating performance and financial condition.」
Measures including quality stabilisation, rigorous inspection and warranty management, and insurance coverage are also disclosed.