Audio Defects in New Products and Delays in Replacing In-Market Inventory
First written in FY2017-Q2. 2 of 4 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2026: 11 of 56 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「Under non-operating income, insurance reimbursement of ¥9 million was received for collection-related costs associated with the bicycle recall that occurred in the previous fiscal year, increasing profit.」
Insurance reimbursement of ¥9 million for collection-related costs associated with the bicycle recall in the previous fiscal year was recognized as non-operating income, increasing profit. - FY2023MaterialisedAnnual report
「Expenses for the current fiscal year included ¥12 million for manufacturing replacement parts, notifying purchasers, and other costs related to resuming sales following bicycle injuries.」
For incidents involving the 12-inch and 14-inch “いきなり自転車” models, ¥12 million was incurred during the current fiscal year for manufacturing replacement parts, notifying purchasers, and costs related to resuming sales. - FY2023-Q3MaterialisedAnnual report
「For bicycles, sales of the 12-inch and 14-inch models of the company's “いきなり自転車” product were temporarily suspended after children injured their fingers near the rear-wheel gears. As the company shifted to providing replacement parts to improve safety, this affected sales in the third quarter.」
Finger injuries occurred in 2 bicycle models, resulting in suspended sales, the provision of replacement parts to improve safety, and an actual impact on sales. Total response costs were expected to be approximately ¥25 million, of which ¥3 million was incurred in the third quarter. - FY2017-Q2First statedAnnual report
「In the first quarter, the company replaced defective units in market inventory for its new product “Kuni Character Globe” (¥17,500 excluding tax), which had defects in some audio functions. However, because inventories of existing products were excessive, the replacements progressed slowly, delaying the resumption of advertising.」
The company explains that audio defects in part of the new product led to delays in replacing units with non-defective products and resuming advertising.