Recognition of System Failure Response Costs
First written in FY2025. 1 of 2 entries say "Materialised", first in 2026-03-05. Latest entry: FY2025.
Shinhokoku Material Corp. moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
0 other companies' latest entry also says "First stated".
- FY2025First statedAnnual report
「Profit for the year decreased by ¥175 million to ¥401 million, compared with ¥576 million in the previous fiscal year, partly because ¥19 million in system failure response costs and ¥120 million in income taxes were recognized.」
The company recognized ¥19 million in system failure response costs as an extraordinary loss and disclosed cash payments of ¥17.180 million in the cash flow statement. - 2026-03-05MaterialisedGeneral Meetings of Shareholders
「These expenses relate to the ransomware incident caused by unauthorized access by an external attacker on 21 May 2025. The principal components comprise investigation fees paid to external specialists and costs incurred to restore the system disruption, among others.」
Following unauthorized access by an external attacker and the resulting ransomware incident, the Company recorded ¥18.578 million in costs associated with the system disruption as an extraordinary loss.