Embezzlement and misconduct by an employee of a consolidated subsidiary, and additional tax expense
First written in FY2023-Q2. 1 of 2 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2023-Q3.
Yamato moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
0 other companies' latest entry also says "Worsened".
- FY2023-Q3WorsenedAnnual report
「*1 This resulted from misconduct involving the embezzlement of money by an employee of a consolidated subsidiary. *2 In connection with misconduct by an employee of a consolidated subsidiary, the Sendai Regional Taxation Bureau disallowed costs, and the resulting additional tax expense of ¥42.254 million was recognized as "income taxes for prior periods." *3 Following a tax audit by the Kanto-Shinetsu Regional Taxation Bureau, the likelihood of filing an amended tax return increased, and the estimated amount of corporate income taxes payable at this time has been recognized as "income taxes for prior periods."」
In addition to a bad debt loss of ¥3.840 million and additional tax expense of ¥42.254 million related to the embezzlement by a subsidiary employee, ¥176.076 million in income taxes for prior periods related to a tax audit by the Kanto-Shinetsu Regional Taxation Bureau was recognized, and losses and expenses related to misconduct and taxes continued to be recorded. - FY2023-Q2MaterialisedAnnual report
「This resulted from misconduct involving the embezzlement of money by an employee of a consolidated subsidiary. This is additional tax expense recognized after the Sendai Regional Taxation Bureau disallowed costs in connection with misconduct by an employee of a consolidated subsidiary.」
Misconduct involving the embezzlement of money by an employee of a consolidated subsidiary occurred, resulting in the recognition of a bad debt loss of ¥6.119 million and additional tax expense of ¥45.944 million.