Risk of replacement costs due to tablet device defects
First written in FY2022-Q2. 3 of 7 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2026: 11 of 57 companies on the "Worse" side.
- FY2024-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes to the previously disclosed risk concerning tablet device defects. - FY2023MitigatedAnnual report
「Affiliate product replacement costs –」
Affiliate product replacement costs related to tablet device defects that occurred in the previous fiscal year were not recognized in the current fiscal year, and the impact as an extraordinary loss has been eliminated. - FY2023-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes to the previously disclosed risk concerning tablet device defects. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the previously disclosed risk concerning tablet device defects. - FY2022MaterialisedAnnual report
「The Company recorded ¥1,169 million in special losses as the cost of replacing products manufactured by an affiliated company, arising from losses associated with defects in tablet devices provided to an elementary school in Nagoya.」
The response to the tablet device defects was realised as ¥1,169 million in special losses for the full year, recorded as the cost of replacing products manufactured by an affiliated company. A provision for product replacement of ¥863 million was also recorded under current liabilities. - FY2022-Q3MaterialisedAnnual report
「For this business, net sales were ¥934.1 million, compared with ¥750.4 million in the same period of the previous year, and the segment loss (operating loss) was ¥445 million, compared with a segment loss (operating loss) of ¥366 million in the same period of the previous year. This reflected increased device sales and a recovery in printing and promotional-material orders from the distribution and retail industries, as well as higher expenses related to addressing defects in tablet devices provided to elementary schools in Nagoya.」
The response to the tablet device defects increased expenses and affected the printing and media segment's operating loss. The policy of replacing all devices and the review of the allocation of the costs remain ongoing, and the amount of the impact still cannot be reasonably estimated. - FY2022-Q2First statedAnnual report
「A tablet device provided to an elementary school in Nagoya developed a defect at アスコン, a consolidated subsidiary engaged in the printing and media business. The Company is currently collecting the defective devices and replacing them with substitute devices. To ensure that the devices can be used safely in the future, the Company plans to replace all devices and is reviewing the necessary costs and the allocation of the burden among the parties concerned. Accordingly, because it is currently difficult to reasonably estimate the amount of the impact, it has not been reflected in the consolidated financial statements for the second quarter.」
Tablet devices already provided developed defects, and a policy of collecting and replacing them with substitute devices, as well as replacing all devices, was announced. The necessary costs and allocation of the burden are under review, and the amount of the impact cannot currently be reasonably estimated.