Investigation by the Third-Party Investigation Committee, Recurrence Prevention Measures, and Ensuring the Reliability of Financial Reporting
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 1 of 10 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Board of Directors and the Internal Control Committee, which evaluates internal controls over financial reporting, monitor the establishment and operation of the Group's internal control systems as a whole and are advancing improvements.」
The Internal Control Committee and the Board of Directors continue to monitor and improve internal controls and conduct internal audits in connection with recurrence prevention and ensuring the reliability of financial reporting following the misappropriation case. - FY2024RestatedAnnual report
「Specific matters considered during the current fiscal year included matters concerning the general meeting of shareholders, financial results, budgets and business plans, the introduction of a restricted stock compensation plan, the acquisition of treasury shares, the employee's misappropriation of company funds, and the formulation of recurrence prevention measures. Each matter was discussed, deliberated and resolved.」
Matters concerning the misappropriation of company funds and recurrence prevention measures continue to be addressed as specific matters for consideration by the Board of Directors. - FY2024-Q2RestatedAnnual report
「Cash generated from operating activities was ¥720 million, up 48.0% year on year. The main sources of the increase were ¥146 million in quarterly net income before income taxes and other adjustments, ¥211 million in depreciation and amortization, ¥93 million in expenses related to corrections to prior-year financial results, and a ¥1,050 million decrease in trade receivables. The main uses of cash were a ¥152 million increase in inventories, a ¥94 million decrease in trade payables, payment of ¥93 million in expenses related to corrections to prior-year financial results, and payment of ¥388 million in income taxes and other taxes.」
The Company recorded and paid ¥93 million in expenses related to corrections to prior-year financial results arising from measures taken after the external investigation committee's investigation. Expenses associated with measures to prevent recurrence and ensure the reliability of financial reporting were also reflected in the current quarter. - FY2023First statedAnnual report
「As stated in the notice dated 9 June 2023, titled “Notice Regarding Receipt of the Investigation Report from the External Investigation Committee,” it was discovered that an employee of the Company had misappropriated company funds. The Company established an external investigation committee, conducted an investigation and received the investigation report. The Group takes the investigation findings seriously, will work thoroughly to prevent recurrence and will strive to ensure the reliability of its financial reporting.」
The Company established an external investigation committee, conducted an investigation and received the investigation report dated 9 June 2023. Based on the investigation findings, it has identified thorough recurrence prevention and ensuring the reliability of financial reporting as future measures.