Loss of Trust and Cost Burden Caused by Product Defects and Recalls
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2022.
Iwatani moved to the "Worse" side of this theme in 2021.
The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「Product warranty expenses include the ¥482 million provision for product warranties recorded at the end of the previous consolidated fiscal year, plus ¥181 million recorded during the current consolidated fiscal year.」
Regarding product defect and warranty risks, ¥482 million in provisions at the end of the previous fiscal year and an additional ¥181 million in product warranty expenses during the current fiscal year were recorded. - FY2021MaterialisedAnnual report
「Product warranty expenses include ¥482 million in provision for product warranties.」
Product warranty expenses of ¥585 million were recorded, including ¥482 million in provision for product warranties, indicating that costs associated with product defect and warranty risks were actually incurred. - FY2020RestatedAnnual report
「We address the products and services provided by our group under an appropriate quality management system. However, if product liability claims, recalls or other events occur, our group's performance may be affected by a decline in its social credibility and corporate image, as well as the incurrence of substantial costs.」
While conducting quality control, the loss of confidence and costs in the event of product defects or recalls are reiterated. - FY2018RestatedAnnual report
「We address the products and services provided by our group under an appropriate quality management system. However, if product liability claims, recalls or other events occur, our group's performance may be affected by a decline in its social credibility and corporate image, as well as the incurrence of substantial costs.」
While conducting quality control, the risk of loss of confidence and costs in the event of product defects or recalls is reiterated. - FY2017RestatedAnnual report
「If product liability claims, recalls or other events occur, our group's performance may be affected by a decline in its social credibility and corporate image, as well as the incurrence of substantial costs.」
The risk of loss of confidence and costs associated with product defects and recalls is reiterated. - FY2016First statedAnnual report
「We address the products and services provided by our group under an appropriate quality management system. However, if product liability claims, recalls or other events occur, our group's performance may be affected by a decline in its social credibility and corporate image, as well as the incurrence of substantial costs.」
Although a quality management system is in place, the impact of defects and recalls is identified as a risk.