Product Defects, Specification Nonconformities and Voluntary Recalls
First written in FY2016. 23 of 26 entries say "Restated". Latest entry: FY2026.
Shigematsu Works moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 13 of 35 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company has established a quality control and assurance framework based on a rigorous quality management system compliant with ISO 9001 and manufactures and sells various products that conform to national certification standards, U.S. standards and others. However, due to unforeseen factors, products may be found not to comply with national certification standards, JIS or international standards, or may develop defects or other problems. In such cases, the Company's results of operations may be affected by measures such as product recalls and repairs.」
While describing its quality control framework, the Company continues to disclose the possibility that non-compliance with standards or product defects could require recalls or repairs and affect its results of operations. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in financial position, operating results or cash flow, including any abnormal fluctuations, or in the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2022RestatedAnnual report
「The Company has established a quality control and assurance framework based on a rigorous quality management system compliant with ISO 9001 and manufactures and sells various products that conform to national certification standards, U.S. standards and others. However, due to unforeseen factors, products may be found not to comply with national certification standards, JIS or international standards, or may develop defects or other problems.」
While describing its quality control framework, the Company continues to disclose the possibility that non-compliance with standards or product defects could lead to recalls or repairs and affect its results of operations. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2021RestatedAnnual report
「The Company has established a quality control and assurance framework based on a rigorous quality management system compliant with ISO 9001 and manufactures and sells various products that conform to national certification standards, U.S. standards and others. However, due to unforeseen factors, products may be found not to comply with national certification standards, JIS or international standards, or may develop defects or other problems.」
While describing its quality control framework, the Company continues to disclose the possibility that non-compliance with standards or product defects could lead to recalls or repairs and affect its results of operations. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2020RestatedAnnual report
「The Company has established a quality control and assurance framework based on a rigorous quality management system compliant with ISO 9001 and manufactures and sells various products that conform to national certification standards, U.S. standards and others. However, due to unforeseen factors, products may be found not to comply with national certification standards, JIS or international standards, or may develop defects or other problems. In such cases, the Company's results of operations may be affected by measures such as product recalls and repairs.」
While describing its quality control framework, the Company continues to identify non-compliance with standards and product defects, and the resulting possibility that recalls or repairs could affect its results of operations, as a general risk. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2019RestatedAnnual report
「The Company has established a quality control and assurance framework based on a rigorous quality management system compliant with ISO 9001 and manufactures and sells various products that conform to national certification standards, U.S. standards and others. However, due to unforeseen factors, products may be found not to comply with national certification standards, JIS or international standards, or may develop defects or other problems. In such cases, the Company's results of operations may be affected by measures such as product recalls and repairs.」
While describing its quality control framework, the Company continues to identify non-compliance with standards and product defects, and the resulting possibility that recalls or repairs could affect its results of operations, as a general risk. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no material changes to the business and other risks described in the previous fiscal year, including risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2018RestatedAnnual report
「The Company has established a quality control and assurance framework based on a rigorous quality management system compliant with ISO 9001 and manufactures and sells various products that conform to national certification standards, U.S. standards and others. However, due to unforeseen factors, products may be found not to comply with national certification standards, JIS or international standards, or may develop defects or other problems. In such cases, the Company's results of operations may be affected by measures such as product recalls and repairs.」
While describing its quality control framework, the Company continues to identify non-compliance with standards and product defects, and the resulting possibility that recalls or repairs could affect its results of operations, as a general risk. - FY2018-Q3MaterialisedAnnual report
「Some of the absorbent canisters manufactured by the Company in the past and sold in Europe were found to have defects through internal inspections. The Company has completed its internal investigation into the causes and its internal response, but as of the filing date of this quarterly report, it continues to address defects in products already sold to customers. Various costs related to addressing this matter may continue to arise, but it remains difficult to reasonably estimate the amount of the impact at present, and the Company's results of operations for the current fiscal year may be affected.」
Although the internal investigation and internal response regarding defects in absorbent canisters sold in Europe have been completed, measures concerning products already sold to customers remain ongoing, and the possibility of costs arising remains. - FY2018-Q2MaterialisedAnnual report
「Some of the absorbent canisters manufactured by the Company in the past and sold in Europe have been found to have defects through internal inspections. As of the filing date of this quarterly report, the causes of the defects are under investigation, and specific measures to address them are also under consideration. Various costs related to addressing this matter may arise in connection with the affected products held by customers, but it is currently difficult to reasonably estimate the amount of the impact. Accordingly, depending on the results of future investigations and the measures required, the Company's results of operations from the following quarterly accounting period onward may be affected.」
Defects were actually found through internal inspections in some absorbent canisters sold in Europe. The causes are under investigation and measures are being considered, and the financial impact cannot be reasonably estimated. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the company's financial position, operating results or cash flows, including any abnormal fluctuations, or in the risks relating to the business and other matters described in the securities report for the previous fiscal year.」
States that there have been no new material changes regarding the risks associated with product defects, non-compliance with standards and voluntary recalls. - FY2016MaterialisedAnnual report
「Unforeseen factors could result in findings that products do not conform to national certification standards, JIS or international standards, or in defects or other problems with products. In such cases, the company's performance could be affected by measures including product recalls and repairs. The company recorded ¥84 million as an extraordinary loss for costs related to a voluntary product recall.」
While disclosing the risk of recalls due to non-conformity with standards or defects, the company recorded ¥84 million as an extraordinary loss for costs related to a voluntary product recall during the fiscal year.