Alps Alpine has booked an ¥8.889bn special loss for product warranty costs linked to a quality problem in specific production lots of torque sensors used in automotive electric power steering, according to an extraordinary report filed on November 9.
What the report says
The company said the problem concerns sensors it delivered to a customer. The loss is recorded as a product-warranty loss under special losses in the interim period of the year ending March 2027, in both its individual and consolidated accounts. The two figures are the same ¥8.889bn charge shown in two sets of accounts, not two separate charges.
The board decision date is given as October 30, 2026. The report itself was submitted to the head of the Kanto Local Finance Bureau on November 9, 2026.
Why a filing was required
Alps Alpine said the event has a significant effect on its financial position, results of operations and cash flows. It cited Article 24-5, paragraph 4 of the Financial Instruments and Exchange Act and Article 19, paragraph 2, item 12 of the Cabinet Office ordinance on corporate disclosure as the basis for the filing.
What is not disclosed
The report does not name the customer or the automaker, and it does not say how many sensors or vehicles are involved. It also does not describe the nature of the defect or say whether a public recall exists.
The report also gives no profit-and-loss comparison beyond the charge itself, so the effect on the half-year's overall result cannot be read from this filing.