Disclaimer of opinion in audit reports on prior-year securities reports
HAMAI INDUSTRIES LTD
Inventories (finished products, raw materials and work in process). The subject matter is the amended consolidated financial statements and financial statements included in the securities reports for the 90th fiscal year ended December 2021 and the 91st fiscal year ended December 2022.
The company had not properly organized the documentation and books relating to inventories, could not provide sufficient materials to verify the existence, completeness and appropriateness of the valuation of the inventories, and was unable to obtain sufficient appropriate audit evidence through other alternative audit procedures.
No adjustment amount or loss amount was disclosed. Inventory recorded in the consolidated financial statements for the fiscal year ended December 2021 comprised finished products of ¥585.938 million, raw materials of ¥305.849 million and work in process of ¥845.108 million. The corresponding amounts in the financial statements were ¥536.777 million, ¥94.258 million and ¥780.180 million, respectively. Inventory recorded in the consolidated financial statements for the fiscal year ended December 2022 comprised finished products of ¥672.418 million, raw materials of ¥454.602 million and work in process of ¥1,104.470 million. The corresponding amounts in the financial statements were ¥616.962 million, ¥182.233 million and ¥1,017.062 million, respectively.
Fiscal year ended December 2021 (1 January 2021 to 31 December 2021) and fiscal year ended December 2022 (1 January 2022 to 31 December 2022)
Company response
The audit was conducted by 清流監査法人. The establishment of a third-party committee or special investigation committee was not disclosed.
No specific measures to prevent recurrence were disclosed.
Related procedures
Disclaimer of opinion in an audit report
We take the circumstances that led to the present disclaimer of opinion seriously and will address them appropriately.
| Item | Details |
|---|---|
| Event name | Disclaimer of opinion in audit reports on prior-year securities reports |
| Date of occurrence | 14 September 2026 (the date the audit reports were received) |
| Date recognized / date notice received | 14 September 2026 (the date the audit reports were received from the accounting auditor) |
| Subject Entity | HAMAI INDUSTRIES LTD |
| Target Locations / Products | Inventories (finished products, raw materials and work in process). The subject matter is the amended consolidated financial statements and financial statements included in the securities reports for the 90th fiscal year ended December 2021 and the 91st fiscal year ended December 2022. |
| Cause | The company had not properly organized the documentation and books relating to inventories, could not provide sufficient materials to verify the existence, completeness and appropriateness of the valuation of the inventories, and was unable to obtain sufficient appropriate audit evidence through other alternative audit procedures. |
| Amount of Impact on Business Performance | No adjustment amount or loss amount was disclosed. Inventory recorded in the consolidated financial statements for the fiscal year ended December 2021 comprised finished products of ¥585.938 million, raw materials of ¥305.849 million and work in process of ¥845.108 million. The corresponding amounts in the financial statements were ¥536.777 million, ¥94.258 million and ¥780.180 million, respectively. Inventory recorded in the consolidated financial statements for the fiscal year ended December 2022 comprised finished products of ¥672.418 million, raw materials of ¥454.602 million and work in process of ¥1,104.470 million. The corresponding amounts in the financial statements were ¥616.962 million, ¥182.233 million and ¥1,017.062 million, respectively. |
| Accounting period in which recognized | Fiscal year ended December 2021 (1 January 2021 to 31 December 2021) and fiscal year ended December 2022 (1 January 2022 to 31 December 2022) |
| Type of litigation or proceeding | Disclaimer of opinion in an audit report |
| Investigation structure | The audit was conducted by 清流監査法人. The establishment of a third-party committee or special investigation committee was not disclosed. |
| Measures to prevent recurrence | No specific measures to prevent recurrence were disclosed. |
| Outlook | We take the circumstances that led to the present disclaimer of opinion seriously and will address them appropriately. |
Items this document does not state (13)
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.The documentation and books relating to inventories had not been properly organized, and sufficient materials could not be provided to verify the existence, completeness and appropriateness of the valuation of the inventories. It was determined that sufficient appropriate audit evidence could not be obtained even through alternative audit procedures, making it impossible to determine whether adjustments to the amounts in the financial statements were necessary.