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Global Kids Company Corp. (6189) · RiskRestated

System outage caused by malware infection via phishing emails and related response costs

First written in FY2022-Q2. 1 of 3 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2022.

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ProgressHeldSoftenedWorseMaterialisedFY2022-Q2 – FY2022-Q32022: 32022
Same theme, other companies
2022 Malware Infection Originating from Phishing Email and System OutageA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2022RestatedAnnual report

    「These are various costs related to the system disruption caused by malware infection via fraudulent emails, which was discovered on 24 February 2022. The main component was the cost of investigation and analysis by external specialists.」

    The Company disclosed that it recognized ¥36 million in FY2022 for response costs related to the system disruption caused by the malware infection.
  2. FY2022-Q3WorsenedAnnual report

    「As an extraordinary loss, the Company recognized an impairment loss of ¥1,677 million on fixed assets at facilities where an improvement in future profitability was not certain. Including ¥36 million in system-disruption response costs incurred for the malware infection and other items, the total was ¥1,721 million.」

    Response costs for the system disruption caused by the malware infection discovered on 24 February 2022 increased from the ¥9 million disclosed in the previous quarter to ¥36 million cumulatively.
  3. FY2022-Q2MaterialisedAnnual report

    「These are various costs related to the system disruption caused by malware infection via fraudulent emails, which was discovered on 24 February 2022. The main component was the cost of investigation and analysis by external specialists. The related costs will continue to be recognized as incurred from the third quarter of the fiscal year onward.」

    A system disruption caused by malware infection originating from fraudulent emails actually occurred, and ¥9 million in system-disruption response costs was recognized as an extraordinary loss in the second quarter. The main component was the cost of investigation and analysis by external specialists, and the Company plans to recognize additional costs as incurred from the third quarter onward.
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System outage caused by malware infection via phishing emails and related response costs | Global Kids Company Corp. (6189) | Komori