Decision and Details
The Company's Board of Directors (regarding the resolution to establish the third-party committee)Consideration of an application to extend the filing deadline for the Securities Report for the fiscal year ending March 2026
The investigation by the third-party committee is expected to require considerable time, as are the preparation of the financial statements and other documents based on its findings and the additional audit procedures and other work by the accounting auditor. The Company therefore determined that it would be difficult to receive the audit report by 30 June 2026.
The preparation of the consolidated financial statements, financial statements and internal control report for the fiscal year ending March 2026, the preparation of correction reports for the Securities Reports and other filings for prior years, and additional audit procedures and corrective audit procedures for prior years are expected to require considerable time.
| Item | Details |
|---|---|
| Matter Covered | Consideration of an application to extend the filing deadline for the Securities Report for the fiscal year ending March 2026 |
| Decision-Making Body | The Company's Board of Directors (regarding the resolution to establish the third-party committee) |
| Decision Date | 26 June 2026 (announcement of consideration of an application to extend the filing deadline) / 27 April 2026 (resolution to establish the third-party committee) |
| Period Covered | Fiscal year ending March 2026 |
| Impact on Business Performance | The preparation of the consolidated financial statements, financial statements and internal control report for the fiscal year ending March 2026, the preparation of correction reports for the Securities Reports and other filings for prior years, and additional audit procedures and corrective audit procedures for prior years are expected to require considerable time. |
| Reason | The investigation by the third-party committee is expected to require considerable time, as are the preparation of the financial statements and other documents based on its findings and the additional audit procedures and other work by the accounting auditor. The Company therefore determined that it would be difficult to receive the audit report by 30 June 2026. |
| Related previous disclosures | Notice Regarding the Establishment of a Third-Party Committee and the Postponement of the Announcement of Financial Results for the Fiscal Year Ending March 2026, dated 27 April 2026 |
| Future plans | The Company will promptly provide an update once it has confirmed the matter with the relevant parties and determined the direction going forward. |
Items this document does not state (4)
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.In addition to suspected improper payments and other monetary disbursements at an overseas subsidiary, circumstances have been identified that raise questions regarding other accounting treatments and quality and inspection issues. Accordingly, the investigation by the third-party committee, preparation of the consolidated financial statements, financial statements and internal control report, preparation of correction reports for prior years, and additional and corrective audits by the accounting auditor are expected to require considerable time.