Impact of Improper Accounting Treatment, Corrections to Prior-Year Financial Results and Administrative Fines
First written in FY2019. 6 of 7 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Following the issue of improper accounting practices in the past, on 14 February 2019 we prepared and published an improvement plan and status report aimed at rebuilding our internal control system, established systems based on that plan, worked to ensure the legality and effectiveness of operations and manage risk, and pursued compliance with relevant laws and regulations.」
The company continues to disclose its improvement plan following past inappropriate accounting practices and its efforts to strengthen its internal control framework. - FY2022-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the risks associated with inappropriate accounting practices, corrections to prior-period financial statements and the impact of administrative fines. - FY2021RestatedAnnual report
「Following the issue of improper accounting practices in the past, on 14 February 2019 we prepared and published an improvement plan and status report aimed at rebuilding our internal control system, established systems based on that plan, worked to ensure the legality and effectiveness of operations and manage risk, and pursued compliance with relevant laws and regulations.」
The Company continues to disclose the effects of inappropriate accounting treatments in prior fiscal years, corrections to financial results and efforts to strengthen its internal control system, while continuing to develop its systems in accordance with its improvement plan. - FY2021-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the risks associated with inappropriate accounting practices, corrections to prior-period financial statements and the impact of administrative fines. - FY2021-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the risks associated with inappropriate accounting practices, corrections to prior-period financial statements and the impact of administrative fines. - FY2020RestatedAnnual report
「Following the issue of improper accounting practices in the past, on 14 February 2019 we prepared and published an improvement plan and status report aimed at rebuilding our internal control system, established systems based on that plan, worked to ensure the legality and effectiveness of operations and manage risk, and pursued compliance with relevant laws and regulations.」
The Company continues to disclose the effects of inappropriate accounting treatments in prior fiscal years, corrections to financial results and efforts to strengthen its internal control system, while continuing to develop its systems in accordance with its improvement plan. - FY2019First statedAnnual report
「As announced in the “Notice Regarding the Establishment of a Third-Party Committee in Connection with Improper Accounting Practices and the Postponement of Disclosure of the Financial Results for the Fiscal Year Ended March 2018” dated 2 May 2018, it was discovered that transactions existed in which there was a considerable possibility that improper accounting practices had been used in certain prior-period accounting treatments.」
Transactions involving a considerable possibility of improper prior-period accounting were identified, leading to the establishment of a third-party committee, correction of prior-period financial statements and measures relating to surcharges. After provisions of ¥110 million for prior-period correction costs and ¥150 million for surcharges, the Company recorded a ¥101 million gain from the reversal of the provision following determination of surcharges and penalties totaling ¥49 million.