Potential Accounting Irregularities at a Chinese Subsidiary and Special Investigation Costs
First written in FY2020-Q2. 1 of 3 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2021-Q2.
1 other company's latest entry also says "Other".
- FY2021-Q2No special investigation expenses or related costs incurred during the current periodAnnual report
「Six months ended 30 September 2020 There were no applicable matters.」
No special investigation expenses or related costs concerning the accounting deficiencies at the Chinese subsidiary were recorded during the six months ended 30 September 2020. The item is presented comparatively as an event from the six months ended 30 September 2019. - FY2020-Q3RestatedAnnual report
「It came to light that accounting procedures may have been followed at a Chinese subsidiary under which certain expenses that should normally have been recognized were not recorded. Accordingly, a special investigation committee comprising external experts was established to conduct an investigation. The investigation expenses and costs for correcting prior-year financial statements were recorded as extraordinary losses.」
The company continues to describe the potential accounting deficiencies at a Chinese subsidiary and the recognition of related special investigation and prior-year financial statement correction costs. - FY2020-Q2MaterialisedAnnual report
「It came to light that accounting procedures may have been followed at a Chinese subsidiary under which certain expenses that should normally have been recognized were not recorded. Accordingly, a special investigation committee comprising external experts was established to conduct an investigation. The investigation expenses and costs for correcting prior-year financial statements were recorded as extraordinary losses.」
After it came to light that accounting procedures concerning the recognition of expenses may have been carried out at a Chinese subsidiary, ¥231.119 million was recorded as an extraordinary loss for special investigation expenses and costs of correcting prior-year financial statements.