Governance structure
Company with an Audit and Supervisory CommitteeThe Company identified material deficiencies in its internal controls over financial reporting and filed an amended report for its internal control reports for prior fiscal years. The deficiencies had not been remediated as of the filing date.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Audit and Supervisory Committee (proportion of outside members: Not disclosed) |
| Changes this time | The Company identified material deficiencies in its internal controls over financial reporting and filed an amended report for its internal control reports for prior fiscal years. The deficiencies had not been remediated as of the filing date. |
Items this document does not state (5)
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.This was because inappropriate expenditures and premature revenue recognition at overseas subsidiaries, the use of unfinalized figures when preparing provisional financial statements, quality control and quality assurance issues, and accounting errors involving fixed assets, inventories, consolidated financial statements and other matters were identified, and these issues could not be prevented or detected in a timely manner.