Risk of delays in maintaining JIS Mark certification and obtaining certification for new products
First written in FY2016. 14 of 17 entries say "Restated". Latest entry: FY2022.
2 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance.」
The risks of revocation of JIS certification for existing products and delays in certifying new products, as well as measures involving recruitment and training of personnel and compliance, continue to be described. - FY2021RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance.」
The risks relating to maintaining or losing JIS certification for existing products and delays in certifying new products continue to be described. The corporate history also states that structural particle board at the Sakura Plant obtained certification in July 2018. - FY2020-Q3RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance. In addition, if a product under development does not receive JIS Mark certification by the scheduled date, its market launch may be delayed, which could affect the Group’s business performance.」
The risks of revocation of JIS certification for existing products and delays in certifying new products continue to be described. - FY2020-Q2RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance. In addition, if a product under development does not receive JIS Mark certification by the scheduled date, its market launch may be delayed, which could affect the Group’s business performance.」
The risks of revocation of JIS certification for existing products and delays in certifying new products continue to be described. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The document concludes that there has been no material change in the risk relating to maintaining JIS Mark certification and delays in certifying new products. - FY2019RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance. In addition, if a product under development does not receive JIS Mark certification by the scheduled date, its market launch may be delayed, which could affect the Group’s business performance.」
The risks of revocation of JIS certification for existing products and delays in certifying products under development continue to be described. - FY2019-Q3RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance. In addition, if a product under development does not receive JIS Mark certification by the scheduled date, its market launch may be delayed, which could affect the Group’s business performance.」
The risks of revocation of JIS certification for existing products and delays in certifying products under development continue to be described. - FY2019-Q2RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance. In addition, if a product under development does not receive JIS Mark certification by the scheduled date, its market launch may be delayed, which could affect the Group’s business performance.」
The risks of revocation of JIS certification for existing products and delays in certifying products under development continue to be described. - FY2018MaterialisedAnnual report
「Because depreciation of the production equipment and other assets at the Sakura Plant began before the JIS standards were obtained, the Group recorded an operating loss of ¥877.164 million for the consolidated fiscal year, compared with a profit of ¥653.274 million in the same period of the previous year, and an ordinary loss of ¥972.821 million, compared with a profit of ¥485.938 million in the same period of the previous year.」
Depreciation began before the Sakura Plant obtained JIS certification, and the pre-certification period is identified as an actual cause of the loss. The risk of delays in certifying the new product and new plant has materialised. - FY2018-Q3AdvancedAnnual report
「The Group has applied for JIS certification for the particle board produced at the same plant and plans to begin shipping JIS-certified products once certification is obtained.」
An application was submitted for JIS certification of particle board produced at the Sakura Plant. Certification has not yet been obtained, and shipments of JIS-certified products are planned for the future. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document concludes that there has been no material change in the risk relating to maintaining JIS Mark certification and delays in certifying new products. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The document concludes that there has been no material change in the risk relating to maintaining JIS Mark certification and delays in certifying new products. - FY2017RestatedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years.」
The risks of revocation of JIS certification and delays in bringing new products to market because of certification delays continue to be described. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document concludes that there has been no material change in the risk relating to maintaining JIS Mark certification and delays in certifying new products. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document concludes that there has been no material change in the risk relating to maintaining JIS Mark certification and delays in certifying new products. - FY2017-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes in the risk relating to maintaining JIS Mark certification and delays in certifying new products are described. - FY2016First statedAnnual report
「The Group’s principal products have received JIS Mark certification under the Japanese Industrial Standards, and registered certification bodies continue to conduct periodic inspections every 3 years. However, if these inspections identify a serious defect or deficiency in quality, performance or the quality management system, the JIS Mark certification may be revoked, which could affect the Group’s business performance.」
For JIS certification of the principal products, the document identifies the 3-year periodic inspections, revocation of certification and delays in certifying new products as risks.