Decision and Details
Disclaimer of conclusion in the interim review report on interim consolidated financial statements
Procedures to verify the substance of the GPU-related transactions and the facts underlying the accounting treatments have not been completed; the accounting treatments and supporting documentation have not been finalized; and sufficient evidence to assess opening balances, comparative information and period attribution could not be obtained
The impact is material and pervasive, and whether corrections are required, their amounts and the periods to which they are attributable have not been determined. The company may amend its earnings releases for prior fiscal years.
| Item | Details |
|---|---|
| Matter Covered | Disclaimer of conclusion in the interim review report on interim consolidated financial statements |
| Decision Date | 13 November 2026 (date the interim review report was received) |
| Implementation Date | 13 November 2026 (report received and disclosed; actual date) |
| Period Covered | The interim consolidated accounting period from 1 January 2026 to 30 June 2026, and prior periods including the fiscal years ended December 2024 and December 2025 |
| Amount | Deposits of JPY 355 million, tangible fixed assets of JPY 1,000 million, and trade receivables of JPY 711 million |
| Quantity / scale | 3 consolidated subsidiaries, GPU-related transactions, and multiple financial statement items |
| Impact on Business Performance | The impact is material and pervasive, and whether corrections are required, their amounts and the periods to which they are attributable have not been determined. The company may amend its earnings releases for prior fiscal years. |
| Reason | Procedures to verify the substance of the GPU-related transactions and the facts underlying the accounting treatments have not been completed; the accounting treatments and supporting documentation have not been finalized; and sufficient evidence to assess opening balances, comparative information and period attribution could not be obtained |
| Governing Rule | Article 193-2, paragraph 1 of the Financial Instruments and Exchange Act; Accounting Standard for Consolidated Financial Statements; Accounting Standard for Related Party Disclosures; Accounting Standard for Business Combinations and its Implementation Guidance; Accounting Standard for Revenue Recognition and its Implementation Guidance; Accounting Standard for Financial Instruments; Accounting Standard for Measurement of Inventories; Accounting Standard and Practical Guidance on Accounting for Research and Development Costs, etc.; Implementation Guidance on Recoverability of Deferred Tax Assets; and others |
| Related previous disclosures | The Special Investigation Committee's investigation report dated 28 September 2026; the annual securities report for the fiscal year ended December 2025; the unmodified conclusion on the interim consolidated financial statements issued by the predecessor auditor on 14 August 2025; and the unmodified opinion on the consolidated financial statements issued by the predecessor auditor on 26 March 2026 |
| Future plans | Proceed with organizing the accounting treatments and the audit of the fiscal year ended December 2025 by Ks Lab., and the company may amend its earnings releases for prior fiscal years |
Items this document does not state (1)
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.Procedures to verify the substance of the GPU-related transactions were not completed by the deadline; accounting matters and supporting documentation concerning the scope of consolidation, related-party transactions, asset valuation, revenue recognition and business combination accounting, among others, remain incomplete; and the impact on the interim and prior-period financial statements and the periods to which the impact is attributable cannot be determined.