Improper Reporting Regarding the Period in Which Revenue Was Recognized
First written in FY2022-Q3. 2 of 2 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2022.
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- FY2022MaterialisedAnnual report
「As a result, on 14 February 2022, we received a report from the investigation committee stating that, among all cases for which accounts receivable had been recorded by our company since April 2016, 83 cases had been improperly accounted for since April 2018 due to cut-off errors and other issues. Accordingly, we corrected the relevant portions of the consolidated financial statements, financial statements, quarterly consolidated financial statements and other information included in securities reports and other filings previously submitted, and submitted correction reports.」
The investigation confirmed 83 instances of improper accounting, including cut-off errors, since April 2018, and prior-year financial statements, quarterly securities reports and other filings were corrected. For the fiscal year ended March 2021, the reductions included ¥1,335,275 thousand in net sales and ¥1,072,181 thousand in ordinary income. - FY2022-Q3MaterialisedAnnual report
「As a result, 83 instances of improper reporting, including cut-off errors, were detected for the period from the fiscal year ended March 2019 (1 April 2018 to 31 March 2019) through the second quarter of the fiscal year ending March 2022 (1 April 2021 to 30 September 2021), and the correction reports below were submitted.」
An investigation into the period attribution of revenue at a consolidated subsidiary detected 83 instances of improper reporting, including cut-off errors, from the fiscal year ended March 2019 through the second quarter of the fiscal year ending March 2022, resulting in corrections to prior-year quarterly securities reports, annual securities reports and internal control reports.