Employee Misappropriation of Company Funds and Receivables with Doubtful Collectibility
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「Specific matters considered during the current fiscal year included matters concerning the general meeting of shareholders, financial results, budgets and business plans, important organizational and personnel matters, and the acquisition of treasury shares. Each matter was discussed, deliberated and resolved.」
Measures to prevent recurrence and ensure the reliability of financial reporting following the misappropriation of company funds discovered in the previous fiscal year are being treated as ongoing matters for consideration in internal control and the operation of the Board of Directors. - FY2024RestatedAnnual report
「The group’s results for the current consolidated fiscal year were net sales of ¥11,222 million, down 9.9% year on year; operating profit of ¥1,152 million, down 17.6%; and ordinary profit of ¥1,311 million, down 6.4%. Net income attributable to owners of the parent was ¥818 million, up 14.4% year on year, partly due to the recognition of expenses for the third-party investigation committee as an extraordinary loss.」
The Company reconfirmed that expenses related to the external investigation committee concerning the employee's misappropriation of company funds affected current-year results as an extraordinary loss. - FY2024-Q2RestatedAnnual report
「Quarterly net income attributable to owners of the parent was ¥68 million, down 69.7% year on year, mainly because expenses related to the external investigation committee were recorded as an extraordinary loss.」
Expenses related to the external investigation committee concerning the employee's misappropriation of company funds were recorded as an extraordinary loss, affecting quarterly net income. - FY2023First statedAnnual report
「Following the discovery that an employee had misappropriated company funds, the Company recorded receivables from the employee and other parties and recognized as an extraordinary loss the amount expected to be of concern regarding recoverability. As a result, net income attributable to owners of the parent was ¥715 million, up 70.6% year on year.」
The misappropriation of company funds by an employee was confirmed, and the amount of receivables from the employee and other parties deemed unlikely to be recovered was recorded as an extraordinary loss. The extraordinary loss amounted to ¥185 million, including ¥178.752 million in provision for allowance for doubtful accounts and an increase of ¥177.381 million in the allowance for doubtful accounts.