Alps Alpine Co., Ltd.
Notice Regarding Recognition of Extraordinary Loss Due to Product Quality Issue
Due to a quality issue, Alps Alpine Co., Ltd. will record an extraordinary loss of 8,889 million yen related to torque sensors for automotive power steering from a specific lot. The company continues discussions on recourse against the contract manufacturer and insurance application. There is no impact on the full-year performance forecast at this time, but amounts recoverable and insurance proceeds remain undetermined. Measures to prevent recurrence will be strengthened.
Key Figures
- Extraordinary Loss: 8,889 million yen
- Impact on Full-Year Consolidated Earnings Forecast: No change
- Amounts Recoverable from Contract Manufacturer and Insurance Proceeds: Unknown
AI要約
Overview
Alps Alpine Co., Ltd. will record an extraordinary loss of 8,889 million yen in the consolidated accounting period for the second quarter of the fiscal year ending March 31, 2027, in response to a quality issue concerning a manufacturing lot of torque sensors for automotive electric power steering delivered to a specific customer. The issue is limited to the affected lot and does not impact other lots or products.
Impact and Future Actions
Cost allocation will be determined based on the contracts the company has with the customer, and discussions regarding recourse against the contract manufacturer and insurance coverage are proceeding in parallel. Receipt of insurance proceeds and amounts recoverable are undetermined and have not been reflected in the current full-year forecast. Any revisions will be promptly disclosed. The company will strengthen quality control and audit systems to prevent recurrence.
Alps Alpine Co., Ltd.
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