Improper Practices Involving Documents Related to Real Estate Loan Financing at コーセーアセットプラン
First written in FY2020-Q3. 2 of 6 entries say "Restated". Latest entry: FY2022.
0 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual reportThis annual securities report contains no specific description of the alteration of documents submitted to banks at 株式会社コーセーアセットプラン. Separately, the amount of guarantees on customers' home loans is disclosed.
- FY2021RestatedAnnual report
「In December 2019, it was discovered that, at our consolidated subsidiary 株式会社コーセーアセットプラン, documents submitted to banks had been altered when selling condominiums to customers.」
The disclosure continues to describe the alteration of documents submitted to banks at 株式会社コーセーアセットプラン and the related risk of guarantees on customers' home loans. - FY2021-Q3RestatedAnnual report
「In December 2019, it was discovered that, at our consolidated subsidiary 株式会社コーセーアセットプラン, documents submitted to banks had been altered when selling condominiums to customers.」
The disclosure continues to describe the alteration of documents submitted to banks at 株式会社コーセーアセットプラン and the related risk of guarantees on customers' home loans. - FY2021-Q2WorsenedAnnual report
「In connection with this matter, the Company provides guarantees for customers' home loans of ¥192.994 million (previous consolidated fiscal year: —).」
In connection with the improper document alteration case at the subsidiary, a newly disclosed guarantee of ¥192.994 million on customers' home loans made the related financial guarantee exposure more specific. - FY2020MaterialisedAnnual report
「It was also discovered that, at our consolidated subsidiary 株式会社コーセーアセットプラン, documents submitted to banks to prove customers' income, such as withholding certificates, and documents concerning rent received from tenants of used properties had been altered when selling condominiums to customers.」
The disclosure progressed from the discovery of suspected conduct in the previous quarter to the discovery that documents had in fact been altered, and a report on the investigation results was received from an external law firm on 31 January 2020. - FY2020-Q3First statedAnnual report
「It came to light that, at our consolidated subsidiary 株式会社コーセーアセットプラン, documents submitted to banks to prove income, such as withholding certificates, and documents concerning rent received from tenants of used properties may have been altered when selling condominiums to several customers. On 9 December 2019, we commissioned external experts to investigate whether these and similar document alterations had occurred and to advise on measures to prevent recurrence based on the facts identified by the investigation. The investigation team is currently conducting its investigation, and the investigation may uncover additional improper conduct. Going forward, risks arising from this improper conduct may materialize as a result of declining confidence and could affect the performance and financial condition of our group. 」
At a consolidated subsidiary, suspected alterations to income verification and rent-related documents were discovered in connection with condominium sales to several customers. An investigation was commissioned from external experts on 9 December 2019, and the potential discovery of additional improper conduct and the impact on performance and financial condition through declining confidence were identified as risks.