Recording of an Extraordinary Loss (Special Investigation Expenses, etc.)
J.E.T.Co.,LTD. (the filing company)
Matters requiring confirmation arose in connection with certain accounting treatments in prior fiscal years, including an investigation into the facts concerning the timing of revenue recognition, and it became necessary to correct prior-year financial results based on the investigation findings.
Approximately ¥440 million (scheduled to be recorded as an extraordinary loss)
Second quarter (interim period) of the fiscal year ending December 2026
Company response
A special investigation committee was established, consisting of external lawyers and certified public accountants with no conflicts of interest with the Company. The chair's name and the establishment date are Not disclosed.
The loss is expected to be recorded in the financial results for the second quarter (interim period) of the fiscal year ending December 2026.
| Item | Details |
|---|---|
| Event name | Recording of an Extraordinary Loss (Special Investigation Expenses, etc.) |
| Subject Entity | J.E.T.Co.,LTD. (the filing company) |
| Cause | Matters requiring confirmation arose in connection with certain accounting treatments in prior fiscal years, including an investigation into the facts concerning the timing of revenue recognition, and it became necessary to correct prior-year financial results based on the investigation findings. |
| Amount of Impact on Business Performance | Approximately ¥440 million (scheduled to be recorded as an extraordinary loss) |
| Accounting period in which recognized | Second quarter (interim period) of the fiscal year ending December 2026 |
| Investigation structure | A special investigation committee was established, consisting of external lawyers and certified public accountants with no conflicts of interest with the Company. The chair's name and the establishment date are Not disclosed. |
| Outlook | The loss is expected to be recorded in the financial results for the second quarter (interim period) of the fiscal year ending December 2026. |
Items this document does not state (18)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Significant costs were incurred in investigating the facts concerning the timing of revenue recognition in prior fiscal years, and costs including corrective audit fees and external outsourcing fees were incurred in connection with correcting prior-year financial results based on the investigation findings.