Prior-Period Accounting Errors and Material Weaknesses in Internal Control over Financial Reporting
First written in FY2021. 2 of 4 entries say "Materialised", first in FY2021. Latest entry: FY2024.
Demae-Can moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2021: 2 of 7 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Because it was discovered that inappropriate accounting had been used in prior fiscal years, the key management indicators and other information for Fiscal Years 21 and 22 are presented using the corrected financial figures.」
The inappropriate accounting in prior fiscal years and the use of corrected figures were reconfirmed in the disclosure for the fiscal year ended August 2024. - FY2022-Q3RestatedAnnual report
「Expenses related to corrections of prior-period financial statements: 181,403」
An expense of ¥181.403 million related to accounting errors in prior fiscal years continues to be recorded as an extraordinary loss. - FY2022-Q2MaterialisedAnnual report
「Expenses related to corrections of prior-period financial statements: 181,403」
Expenses of ¥181.403 million related to errors in prior-period accounting treatments were recognized as an extraordinary loss. - FY2021MaterialisedAnnual report
「After identifying the possibility of errors in prior accounting treatments, the company established an internal investigation committee. Following its investigation, the committee reported that other receivables and other payables had been overstated since prior periods and that cost of sales, including agency commission costs, had been understated.」
The company newly reported that its internal investigation committee had identified overstated other receivables and other payables and understated cost of sales in prior periods.