Contents of this filing
The Company stated that its internal controls over financial reporting were ineffective and described corrective measures.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Changes this time | The Company stated that its internal controls over financial reporting were ineffective and described corrective measures. |
Items this document does not state (7)
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.Following discussions with the accounting auditor, the Company reviewed the accounting treatment of revenue from contract development transactions and investment securities under capital contribution agreements, and determined that material corrections and restated disclosure were necessary. The primary cause was the inadequate operation of controls to carefully determine the application of accounting standards based on the economic substance of transactions and to ensure appropriate accounting treatment.