Deficiencies in Internal Controls over Financial Reporting, Corrections to Financial Results and Filing Delays
First written in FY2026-H1. 3 of 6 entries say "Mitigated", first in 2026-05-15. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We formulated fundamental measures to prevent recurrence and submitted an improvement report to the Tokyo Stock Exchange on 11 November 2025. We implemented the measures formulated to prevent recurrence and made a serious effort to carry them out, including strengthening corporate governance and developing our internal management systems.」
In response to the risks of material deficiencies in financial reporting and filing delays, the company implemented measures to prevent recurrence, including submitting an improvement report, strengthening internal controls and rebuilding business processes. However, the possibility of an impact remains if implementation is not continued adequately. - FY2026-H1First statedAnnual report
「We take seriously the fact that multiple material deficiencies requiring disclosure in our internal controls over financial reporting occurred over several years in connection with restatements of prior-year and quarterly financial statements. In particular, errors in accounting treatment and deficiencies in business processes at consolidated subsidiaries, as well as weaknesses in our governance structure, were identified and were the primary causes of the financial statement restatements and delays in filing annual securities reports and other documents.」
The company has for the first time explicitly identified as financial reporting risks the restatement of prior-year and quarterly financial statements, accounting errors at consolidated subsidiaries, deficiencies in business processes, weaknesses in the governance structure and delays in filing annual securities reports and other documents.