Tb Group (6775) · RiskMaterialised
Response costs related to unauthorized access
First written in FY2024-Q2. 1 of 2 entries say "Materialised", first in FY2024. Latest entry: FY2024.
2entries
2years
0from disclosures
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Response costs due to unauthorized access in June 2023A theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2024MaterialisedAnnual report
「Non-operating expenses for the consolidated fiscal year totaled ¥20 million, an increase of ¥7 million, or 51.9% year on year. This was mainly due to a ¥4 million increase in payment processing fees associated with responding to a system failure.」
¥4 million related to response costs associated with the unauthorized access and system failure in June 2023 was reflected in annual earnings as a factor contributing to higher payment processing fees. - FY2024-Q2First statedAnnual report
「Although the Group recorded equity in earnings of affiliates as non-operating income, non-operating expenses included foreign exchange losses due to exchange-rate fluctuations and payment processing fees for response costs following unauthorized access in June 2023.」
The Group has, for the first time, stated that it suffered unauthorized access in June 2023 and recorded the related response costs as payment processing fees.