Decision and Details
Submission of an application for approval to extend the filing deadline for the annual securities report for the 26th fiscal year (fiscal year ending March 2026)
The workload has increased significantly compared with the normal financial closing and audit processes due to additional investigations into the suspected improper accounting practices at 日本海水, examination of the underlying transactions, accounting treatment and financial impact relating to the 日本海水 self-inspection matter, investigation of the improper accounting matter involving the embezzlement of company funds at AW Vietnam, self-inspection, reassessment of internal controls, corrections to prior fiscal years and audit-related work by the accounting auditor.
The Company is investigating and examining the financial impact of the 日本海水 self-inspection matter and the AW Vietnam embezzlement matter. The amount of impairment losses to be recognized and the related accounting treatment have not yet been finalized.
| Item | Details |
|---|---|
| Matter Covered | Submission of an application for approval to extend the filing deadline for the annual securities report for the 26th fiscal year (fiscal year ending March 2026) |
| Decision Date | 29 June 2026 |
| Implementation Date | 29 June 2026 (the application for approval was submitted to the Kanto Local Finance Bureau; the extension of the filing deadline will take effect if approved) |
| Period Covered | The 26th fiscal year (fiscal year ending March 2026) (from 1 April 2025 to 31 March 2026) |
| Quantity / scale | Filing deadline: 30 June 2026 before the extension, and 31 July 2026 if approved |
| Impact on Business Performance | The Company is investigating and examining the financial impact of the 日本海水 self-inspection matter and the AW Vietnam embezzlement matter. The amount of impairment losses to be recognized and the related accounting treatment have not yet been finalized. |
| Reason | The workload has increased significantly compared with the normal financial closing and audit processes due to additional investigations into the suspected improper accounting practices at 日本海水, examination of the underlying transactions, accounting treatment and financial impact relating to the 日本海水 self-inspection matter, investigation of the improper accounting matter involving the embezzlement of company funds at AW Vietnam, self-inspection, reassessment of internal controls, corrections to prior fiscal years and audit-related work by the accounting auditor. |
| Related previous disclosures | 22 June 2026: “Notice Regarding Receipt of the Additional Investigation Report by the Special Investigation Committee and Future Actions” |
| Future plans | If the application is approved, the Company will disclose the approval promptly. The Company will prepare to file the annual securities report by 31 July 2026 and plans to publish by the same deadline the delayed earnings reports for the third quarter and full fiscal year ending March 2026. |
Items this document does not state (3)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company needs to finalize the accounting treatment for the suspected improper accounting practices newly identified at its wholly owned subsidiary 日本海水, including the reallocation of fixed assets, impairment losses and depreciation expenses relating to prior fiscal years. In addition, an improper accounting matter involving the embezzlement of company funds was discovered at AIR WATER VIETNAM CO., LTD., and the investigation into its financial impact is ongoing. These matters, together with the self-inspection, reassessment of internal controls, corrections to prior fiscal years and audit-related work, have significantly increased the workload compared with normal levels, making it difficult to receive the audit report and file the annual securities report by the deadline.