Long-term misconduct and embezzlement by an employee
First written in FY2018-Q3. 2 of 3 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2019.
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- FY2019Cited as achievedAnnual report
「This additional tax expense was recorded primarily as a result of costs being disallowed by the tax authorities in connection with the misconduct of a former employee.」
The former employee's misconduct and the costs disallowed by the tax authorities are cited as historical facts that caused the additional tax expense recorded in the previous consolidated fiscal year. - FY2018MaterialisedAnnual report
「During a tax audit in November 2017, it was discovered that one former employee had committed embezzlement or fraud over a period of approximately 7 years. In connection with this matter, the tax authorities disallowed ¥289 million of costs. In the current consolidated fiscal year, we recorded ¥114 million in prior-period corporate taxes and other taxes, including local taxes, and ¥32 million in additional taxes and other amounts (included in taxes and dues), primarily as a result of the disallowed costs.」
The full-year earnings impact of the former employee's misconduct is described as ¥289 million in costs disallowed in the tax audit, ¥114 million in prior-period corporate taxes and other taxes, and ¥32 million in additional taxes and other amounts. - FY2018-Q3MaterialisedAnnual report
「It has recently been discovered that one of our employees inflated the amounts ordered from our construction subcontractors over a period of approximately 7 years, illegally received and embezzled part of the difference, and separately resold equipment purchased as construction costs. As of the present time, we have identified an aggregate amount of ¥183 million over multiple years in money embezzled through embezzlement, fraud or other means and the value of the equipment resold. The total amount of the damage is still under investigation.」
It was discovered that one employee had inflated order amounts, embezzled funds and resold equipment over approximately 7 years. The amount identified to date is ¥183 million in aggregate over multiple years, while the total amount of the damage remains under investigation.