Governance structure
The internal control reports for the fiscal years ended December 2023 and December 2024 were corrected to change the assessment of internal controls over financial reporting from “effective” to “ineffective.” Material weaknesses that should have been disclosed were included.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Committee; Committee for Promoting Improvement Measures. Proportion of outside committee members: Not disclosed |
| Changes this time | The internal control reports for the fiscal years ended December 2023 and December 2024 were corrected to change the assessment of internal controls over financial reporting from “effective” to “ineffective.” Material weaknesses that should have been disclosed were included. |
Items this document does not state (6)
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.A special investigation committee’s investigation uncovered accounting fraud involving the improper manipulation of the timing of revenue recognition for multiple semiconductor cleaning systems from the fiscal year ended December 2022 through the fiscal year ended December 2024. Other causes identified included inadequate establishment and inconsistent application of revenue recognition criteria, an approval process completed within the sales division, and the absence of a director dedicated to overseeing the administrative divisions.