Liability for Defects in Deliverables and Quality Assurance
First written in FY2022-Q1. 12 of 19 entries say "Restated". Latest entry: FY2026.
Dn Holdings moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2026: 6 of 25 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「At DAI-NIPPON DIAMOND CONSULTANTS CO., LTD., a consolidated subsidiary, errors were identified at the end of the period in portions of several bridge seismic reinforcement design projects, resulting in an expense related to the provision for compensation for completed work. As a result, operating income was ¥1,465 million (54.0% of the previous fiscal year), ordinary income was ¥1,457 million (53.8%), and net income attributable to owners of the parent was ¥945 million (49.2%), resulting in higher revenue but lower profit than in the previous consolidated fiscal year.」
The risk of non-conformity in deliverables materialized as errors in several bridge seismic reinforcement design projects, and the expense related to the provision for compensation for completed work reduced profit. The provision for compensation for completed work increased from ¥205 million in the previous fiscal year to ¥991 million. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this semiannual report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2025RestatedAnnual report
「If liability for non-conformity to contract arises due to a serious defect caused by an error in a deliverable, and the Group receives a substantial damages claim or an administrative sanction such as suspension from designated bidding, this could have a material impact on the performance of our Group.」
The company continues to address the risk related to liability for non-conformity to contract for deliverables through ISO 9001, its quality policy, quality control framework and liability insurance. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this semiannual report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2024-Q3RestatedAnnual report
「During the current third-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2024-Q2RestatedAnnual report
「During the current second-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2024-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2023RestatedAnnual report
「If liability for non-conformity to contract arises due to a serious defect caused by an error in a deliverable, and the Group receives a substantial damages claim or an administrative sanction such as suspension from designated bidding, this could have a material impact on the performance of our Group.」
The company continues to address the risk of liability for non-conformity to contract through ISO 9001, its quality policy, quality control framework and liability insurance. - FY2023-Q3RestatedAnnual report
「During the current third-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2023-Q2RestatedAnnual report
「During the current second-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2023-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to liability for non-conformity to contract and quality assurance for deliverables. - FY2022ReframedAnnual report
「If liability for non-conformity to contract arises due to a serious defect caused by an error in a deliverable, and the Group receives a substantial damages claim or an administrative sanction such as suspension from designated bidding, this could have a material impact on the performance of our Group.」
The wording has changed from the previous “product liability” to “liability for non-conformity to contract.” The response policy based on ISO 9001, the quality policy, the quality control framework and liability insurance remains in place. - FY2022-Q3RestatedAnnual report
「During the current third-quarter consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the first-quarter report.」
The company states that there have been no material changes in the risks related to product liability and quality assurance. - FY2022-Q2RestatedAnnual report
「During the current second-quarter consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the first-quarter report.」
The company states that there have been no material changes in the risks related to product liability and quality assurance. - FY2022-Q1First statedAnnual report
「If product liability arises due to a serious defect caused by an error in a deliverable, and the Group receives a substantial damages claim or an administrative sanction such as suspension from designated bidding, this could have a material impact on the performance of our Group. To address this risk, our Group has obtained ISO 9001 quality management system certification, established a group-wide quality policy, strengthened its quality control framework, and continually works to maintain and improve quality.」
The company recognizes damages claims and administrative sanctions resulting from errors in deliverables as risks, and addresses them through ISO 9001, a group-wide quality policy, its quality control framework and liability insurance.