Correction of Prior-Year Financial Results and Recognition of Special Investigation Committee Costs
First written in FY2024-Q1. 2 of 4 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024.
2 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The report identifies the causes of the inappropriate accounting treatment as vulnerabilities in the business processes of the Company’s subsidiaries; issues concerning governance at the subsidiaries and the officers’ and employees’ literacy regarding the disclosure system and accounting; and, at the Company, issues involving group-wide internal controls, the development and operation of the internal whistleblowing system, the adequacy of investigations when suspicions of misconduct were identified, and coordination with the audit firm.」
Regarding the correction of prior-period financial results, the special investigation committee identified the causes, and the process progressed through the submission of recurrence-prevention measures, an improvement report and a report on the status of improvements. Special investigation committee expenses and other costs of ¥159.079 million were recorded. - FY2024-Q3RestatedAnnual report
「Investigation expenses and other costs related to the special investigation committee concerning the correction of prior-period financial results were recorded as extraordinary losses.」
The disclosure that special investigation committee expenses and other costs related to the correction of prior-period financial results were recorded as extraordinary losses has continued. The amount recorded for the cumulative third quarter was ¥159.079 million, unchanged from the cumulative previous quarter. - FY2024-Q2AdvancedAnnual report
「Investigation expenses and other costs related to the special investigation committee concerning the correction of prior-period financial results were recorded as extraordinary losses.」
For special investigation committee expenses and other costs related to the correction of prior-period financial results, ¥159.079 million was recorded as an extraordinary loss and the same amount was paid during the cumulative second quarter. - FY2024-Q1First statedAnnual report
「The key management indicators and other information for the first quarter of the fifth fiscal year are presented after reflecting the retrospective adjustments for the correction of errors. The Company also corrected its prior-period financial results and submitted a corrected quarterly securities report on 31 August 2023. Investigation expenses and other costs related to the special investigation committee concerning the correction of prior-period financial results were recorded as extraordinary losses.」
Retrospective figures reflecting the correction of errors were presented, and a corrected report was submitted on 31 August 2023. Investigation expenses and other costs of ¥26.953 million for the special investigation committee concerning the correction of prior-period financial results were recorded as extraordinary losses.