Overstatement of inventories and correction of prior-year financial statements
First written in FY2024. 3 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025MaterialisedAnnual report
「The figures for the 72nd through 74th fiscal years reflect restatements of prior-year financial results. The restated annual securities reports for those periods were submitted on 30 September 2024.」
The restatement of prior-year financial results concerning the overstatement of inventories identified in the previous fiscal year was reflected in key management indicators and the comparative figures for the current fiscal year. Expenses and other costs related to the restatement of prior-year financial results totaling ¥540.716 million were also recognized in the current fiscal year. - FY2025-H1MaterialisedAnnual report
「The figures for the interim consolidated accounting period of the 75th fiscal year reflect restatements of prior-year financial results. The restated quarterly report for the same period was submitted on 30 September 2024.」
The restatement of prior-year financial results concerning the overstatement of inventories was reflected in the comparative figures for the previous year and the restated quarterly report. Related expenses of ¥537.3 million were also recognized in the current interim period. - FY2024MaterialisedAnnual report
「The overstatement of inventories was discovered. In addition, during the investigation, an overstatement of inventories at one of our domestic plants was discovered.」
Inventory overstatements were identified at ファインシンターインドネシア from the fiscal year ended March 2020 through the fiscal year ended March 2024, and at domestic plants from the fiscal year ended March 2021 through the fiscal year ended March 2024. Based on the investigation by the Special Investigation Committee, the company amended its annual securities reports and other filings for the fiscal years ended March 2021 through March 2023 and submitted amended reports on 30 September 2024.