Remedial costs for contracted construction work
First written in FY2018. 2 of 3 entries say "Materialised", first in FY2018. Latest entry: FY2026.
Zacros moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company has established a system to prepare for emergencies by obtaining quality management system certification and operating it appropriately, and by taking out product liability insurance. It is also promoting the proper structuring of customer contract terms and working to develop proprietary technologies ahead of market trends.」
Following the occurrence of defects in medical packaging materials and a compensation claim, the company put specific countermeasures in place, including quality management, product liability insurance, improved contract terms and quality improvements. - FY2024MaterialisedAnnual report
「After defects were identified in medical packaging materials manufactured by a Thai subsidiary and the customer indicated its intention to seek compensation, the company recorded ¥2,198 million as a provision for contingent loss during the consolidated fiscal year.」
The compensation claim related to defects in medical packaging materials materialized in the full-year results as a ¥2,198 million provision. - FY2018MaterialisedAnnual report
「The ¥277 million in construction-related costs represents repair and remediation costs associated with contracted construction projects.」
The company recorded ¥277 million in repair and remediation costs related to contracted construction projects as an extraordinary loss, indicating that a construction-related issue had actually occurred.