Risk of Continuing an Audit by a Firm Subject to an Operations Suspension Order
First written in FY2024. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 17 of 54 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Pursuant to Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act, the Company is audited by Taiyo Audit Corporation with respect to its consolidated financial statements for the consolidated fiscal year from 1 April 2025 to 31 March 2026 and its financial statements for the fiscal year from 1 April 2025 to 31 March 2026.」
The Company continues to be audited by Taiyo Audit Corporation, which has been ordered to suspend its operations. The disclosure states that the audit engagement has continued for 14 years. - FY2025RestatedAnnual report
「Taiyo Audit Corporation received an order from the Financial Services Agency to suspend its operations effective 26 December 2023. The details of the order are as follows.」
The Company continues to be audited by Taiyo Audit Corporation and continues to disclose the order to suspend operations dated 26 December 2023 and the reasons for it. - FY2025-H1RestatedAnnual report
「Pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, we have received an interim review by Taiyo LLC of the interim consolidated financial statements for the interim consolidated accounting period from 1 April 2024 to 30 September 2024.」
The Company states that it continues to receive interim reviews from Taiyo Audit Corporation, which has been ordered to suspend its operations. - FY2024First statedAnnual report
「Taiyo Audit Corporation received an order from the Financial Services Agency to suspend its operations effective 26 December 2023. The details are as follows. (2) Details of the order: suspension for 3 months, from 1 January 2024 through 31 March of the same year, of operations relating to entering into new contracts, excluding renewals of audit contract periods for audited companies that already have audit contracts and the conclusion of new contracts following a company’s listing.」
Regarding the current audit firm, the Company states that the Financial Services Agency ordered a 3-month suspension of operations relating to the conclusion of new contracts, and that the reason was the certification of financial statements containing material misstatements in an audit of another company. The Company is audited by this audit firm.