Improper Accounting Treatment and Unpaid Social Insurance Premiums, etc. at 英才JV
First written in FY2023. 2 of 3 entries say "Materialised", first in FY2023. Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「During the consolidated accounting period for the second quarter, we recorded investigation expenses and other costs incurred by the Special Investigation Committee in connection with transactions involving improper conduct by the general manager of 英才網聯（北京）科技有限公司, our consolidated overseas subsidiary in China.」
We recorded ¥295 million in special investigation expenses and other costs related to the Special Investigation Committee's investigation into improper conduct by 英才網聯 as an extraordinary loss for the nine months ended the third quarter. This continues the disclosure of the effects that had already arisen in the second quarter. - FY2024-Q2MaterialisedAnnual report
「During the consolidated accounting period for the second quarter, we recorded investigation expenses and other costs incurred by the Special Investigation Committee in connection with transactions involving improper conduct by the general manager of 英才網聯（北京）科技有限公司, our consolidated overseas subsidiary in China.」
We recorded ¥295 million in special investigation expenses and other costs related to the Special Investigation Committee's investigation into improper conduct by the general manager of 英才網聯. The effects of the improper accounting practices and other matters have been recognized as expenses. - FY2023MaterialisedAnnual report
「Next, during this investigation, the possibility emerged that some social insurance premiums and other amounts at 英才JV had not been paid. With our company serving as the investigating entity and with the cooperation of the Special Investigation Committee and external experts, we investigated the facts and other matters and confirmed that some social insurance premiums and other amounts had remained unpaid since 2006, when our company invested in 英才JV.」
The Special Investigation Committee's investigation confirmed that improper accounting practices involving the misappropriation of deposits were carried out at 英才JV from 2010 to 2016, as well as the nonpayment of some social insurance premiums and other amounts since 2006.