Improper Expense Use by the Former Representative Director and President
First written in FY2023-Q2. 1 of 2 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2024.
2 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The company has worked to prevent a recurrence of inappropriate expense use and related issues. As stated in the 7 March 2024 document titled 'Progress on Recurrence Prevention Measures (Final Version),' implementation has progressed smoothly and has now moved into the operational phase.」
The recurrence prevention measures implemented in response to the inappropriate use of expenses by the former representative director and president moved into the operational phase. - FY2023-Q2MaterialisedAnnual report
「Regarding the investigation, the company received a report from the special investigation committee on 14 December 2022 identifying facts including the use of expenses that could not be confirmed as related to the business of the company group. However, because the inappropriate use of expenses in this matter had an immaterial impact on the consolidated financial statements and financial statements, the company decided not to amend the consolidated financial statements or financial statements for prior fiscal years or through the first quarter of the fiscal year ending March 2023.」
The special investigation committee's report identified facts including the use of expenses by the former representative director and president that could not be confirmed as related to the business. The impact on the financial statements was described as immaterial, and a policy of making no amendments was adopted.