Recognition of recourse claims, allowance for doubtful accounts and other items in connection with misconduct
First written in FY2023-Q2. . Latest entry: FY2023-Q3.
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- FY2023-Q3Recognized a reimbursement claim of ¥307 millionAnnual report
「In connection with the misconduct, the Company recognized a ¥307 million reimbursement claim related to the misappropriated funds under “Other” in investments and other assets, together with an equal amount of provision for doubtful accounts as a non-operating expense. The Company also recognized ¥59 million in prior-period corporate taxes and other taxes arising from an amended tax return following the discovery of the misconduct, included in corporate, inhabitant and enterprise taxes.」
The Company recognized the reimbursement claim related to the misappropriated funds and the equal amount of provision for doubtful accounts at ¥307 million, and also recognized ¥59 million in prior-period corporate taxes and other taxes. This was down ¥1 million from the ¥308 million disclosed in the previous quarter. - FY2023-Q2First statedAnnual report
「In connection with the misconduct, the Company recognized a ¥308 million reimbursement claim related to the misappropriated funds under “Other” in investments and other assets, together with an equal amount of provision for doubtful accounts as a non-operating expense. The Company also recognized ¥59 million in prior-period corporate taxes and other taxes arising from an amended tax return following the discovery of the misconduct, included in corporate, inhabitant and enterprise taxes.」
The Company recognized a ¥308 million reimbursement claim related to the misappropriated funds and an equal amount of provision for doubtful accounts, as well as ¥59 million in prior-period corporate taxes and other taxes arising from an amended tax return following the discovery of the misconduct.