Liability for Quality Defects and Equipment Damage in Contract Manufacturing
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2024.
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「These competitive strengths create business opportunities, leading to the acquisition of new-factory start-up projects and the long-term continuation of existing relationships. This is an opportune time for the Hirayama Group to demonstrate its strength as a manufacturing support company built around and founded on a contract manufacturing business in which it assumes responsibility on the shop floor.」
It continues to explain that the contract manufacturing business is strengthened through a business model that assumes responsibility for contract operations, together with measures addressing shop-floor improvement, quality and safety. - FY2023MitigatedAnnual report
「We accurately identify issues at customer factories and have introduced proprietary AI tools and a work optimization system, thereby resolving issues including the prevention of occupational accidents and quality improvement.」
It describes measures to prevent occupational accidents and improve quality using AI tools and a work optimization system, in addition to cooperation with shop-floor improvement consultants and certification as a Superior and Appropriate Contract Manufacturing Operator. - FY2021RestatedAnnual report
「Although its profit margins are higher than those of the manufacturing staffing business, the contract manufacturing business also carries higher risks. Liability for defective products and damage to customer equipment could have a material impact on the Hirayama Group's results.」
It continues to disclose the risks of liability for defective products and equipment damage associated with contract manufacturing. - FY2020RestatedAnnual report
「Although its profit margins are higher than those of the manufacturing staffing business, the contract manufacturing business also carries higher risks. Liability for defective products and damage to customer equipment could have a material impact on our group's results.」
The company continues to disclose liability for defective products and equipment damage associated with the contract manufacturing business. - FY2019RestatedAnnual report
「The business consists of two main pillars: contract manufacturing and manufacturing staffing. In the contract manufacturing business, the principal business within our insourcing and staffing operations, we have provided high-value-added contract manufacturing services to a range of manufacturing companies in cooperation with our shop-floor improvement consultants.」
While disclosing the risk of liability for defective products and equipment damage associated with the contract manufacturing business, it continues to describe cooperation with shop-floor improvement consultants and certification as a Superior and Appropriate Contract Manufacturing Operator. - FY2018MitigatedAnnual report
「We have provided high-value-added contract manufacturing services to a range of manufacturing companies in cooperation with our shop-floor improvement consultants. Over many years of these efforts, a contract manufacturing site operated by our group was certified by the Council for the Promotion of Improvements in Contract Manufacturing as the first Superior and Appropriate Contract Manufacturing Operator.」
It describes cooperation with shop-floor improvement consultants and certification as a Superior and Appropriate Contract Manufacturing Operator as initiatives to strengthen management and ensure reliability in the contract manufacturing business, which entails responsibility for quality and equipment damage. - FY2016First statedAnnual report
「Although contract manufacturing offers higher margins than worker dispatch, it also carries greater risks. Liability for defective products or damage to customers’ equipment could have a material impact on the group’s performance.」
The company discloses the possibility of liability for defective products and damage to customer equipment in its higher-margin contract manufacturing business.