Risks related to prior-period improper accounting, transactions, administrative action and litigation
First written in FY2016. 18 of 23 entries say "Restated". Latest entry: FY2024.
Takada moved to the "Worse" side of this theme in 2016, 9 years before the typical company in this theme (2025).
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Although the Group works continuously to strengthen its compliance and internal control systems, if those systems are inadequate, the Group may become subject to administrative action such as administrative surcharges, criminal penalties or damages claims, which may affect the performance and financial position of the Group.」
The risk of administrative action, criminal penalties and damages claims if the compliance and internal control systems are inadequate continues to be disclosed. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended December 31, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended December 31, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended December 31, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2022-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no new business or other risks and no material changes to the risks disclosed in the previous fiscal year. - FY2021RestatedAnnual report
「Although the Group works continuously to strengthen its compliance and internal control systems, if those systems are inadequate, the Group may become subject to administrative action such as administrative surcharges, criminal penalties or damages claims, which may affect the performance and financial position of the Group.」
The risk of administrative action, criminal penalties and damages claims if the compliance and internal control systems are inadequate continues to be disclosed. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2021-Q2RestatedAnnual report
「During the six-month period ended September 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no new business or other risks and no material changes to the risks disclosed in the previous fiscal year. - FY2020RestatedAnnual report
「Although the Group works continuously to strengthen its compliance and internal control systems, if those systems are inadequate, the Group may become subject to administrative action such as administrative surcharges, criminal penalties or damages claims, which may affect the performance and financial position of the Group.」
The risk of administrative action, criminal penalties and damages claims if the compliance and internal control systems are inadequate continues to be disclosed. - FY2020-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2020-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no new business or other risks and no material changes to the risks disclosed in the previous fiscal year. - FY2019ReframedAnnual report
「Although the Group works continuously to strengthen its compliance and internal control systems, if those systems are inadequate, the Group may become subject to administrative action such as administrative surcharges, criminal penalties or damages claims, which may affect the performance and financial position of the Group.」
The disclosure has shifted from the previous focus on prior-period improper accounting and corrections to financial results to general risk wording concerning administrative action, criminal penalties and damages claims if the compliance and internal control systems are inadequate. - FY2019-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2019-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company states that no new business or other risks arose and that there were no significant changes to existing risks. - FY2019-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no new business or other risks and no material changes to the risks disclosed in the previous fiscal year. - FY2018RestatedAnnual report
「The company underwent a tax investigation by the Fukuoka Regional Taxation Bureau for the tax years from the fiscal year ended March 2012 through the fiscal year ended March 2015. The investigation found that improper accounting and transactions had been conducted in certain accounting processes, and corrections were made to prior-period securities reports and other filings. In connection with the above, shareholders and others may bring legal action against the company, and the Financial Services Agency may impose administrative surcharges. Depending on how these matters develop, they may affect the performance and financial position of the Group.」
Prior-period improper accounting, corrections to financial results and the possibility of litigation and administrative surcharges continue to be disclosed. - FY2018-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there were no new business or other risks and no material changes to existing risks. - FY2018-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there were no new business or other risks and no material changes to existing risks. - FY2017RestatedAnnual report
「The company underwent a tax investigation by the Fukuoka Regional Taxation Bureau for the tax years from the fiscal year ended March 2012 through the fiscal year ended March 2015. The investigation found that improper accounting and transactions had been carried out in certain accounting processes, and the company established an internal investigation committee. It subsequently established a third-party committee and conducted an investigation to enhance its objectivity, neutrality and expertise. The investigation found that improper accounting and transactions had been carried out continuously, and corrections were made to prior-period securities reports and other filings.」
Prior-period improper accounting, corrections to financial results and the possibility of litigation and administrative surcharges continue to be disclosed, and ¥508.124 million in expenses related to correcting prior-period financial results was also recorded in the current fiscal year. - FY2017-Q3MaterialisedAnnual report
「In terms of profit and loss, operating income rose 14.5% year on year to ¥1,248 million and ordinary income rose 21.3% to ¥1,229 million, due to higher net sales, continued cost reductions and increased transactions by consolidated subsidiary Takada Plant Construction Co., Ltd. with parties outside the Group. However, because extraordinary losses arose in the cumulative first-quarter consolidated period from expenses related to correcting prior-period financial results, among other factors, net income attributable to owners of the parent was ¥367 million, down 45.9% year on year.」
Expenses related to correcting prior-period financial results of ¥508.124 million arose as an extraordinary loss, contributing to the decline in net income attributable to owners of the parent. - FY2017-Q2MaterialisedAnnual report
「Net income attributable to owners of the parent was ¥258 million, down 61.5% year on year, mainly because extraordinary losses arose from expenses related to correcting prior-period financial results.」
Expenses related to correcting prior-period financial results of ¥508.124 million were recorded and paid as an extraordinary loss, contributing to the decline in cumulative quarterly net income attributable to owners of the parent. - FY2017-Q1MaterialisedAnnual report
「In terms of profit and loss, operating income increased 5.2% year on year to ¥439 million and ordinary income increased 10.3% to ¥446 million, as the company worked to lower its cost ratio by promoting cost reductions. However, because extraordinary losses arose from expenses related to correcting prior-period financial results due to improper accounting and transactions, the quarterly net loss attributable to owners of the parent was ¥48 million, compared with quarterly net income attributable to owners of the parent of ¥238 million in the same quarter of the previous year.」
Expenses related to correcting prior-period financial results of ¥508.149 million actually arose as an extraordinary loss, resulting in a quarterly net loss. - FY2016First statedAnnual report
「The company subsequently established a third-party committee and conducted an investigation to enhance its objectivity, neutrality and expertise. The investigation found that improper accounting and transactions had been carried out continuously, and corrections were made to prior-period securities reports and other filings.」
Improper accounting that led to corrections of prior-period financial results from the fiscal year ended March 2011 through the fiscal year ended March 2015 was disclosed as a risk that could lead to litigation, administrative surcharges, delisting or other regulatory action.