Discovery of an Omission in Recording Cost of Sales and Correction of Prior-Year Financial Results
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
1 other company's latest entry also says "Achieved".
- FY2022AchievedAnnual report
「The company found that some cost of sales from 2016 onward had not been recorded due to errors and restated the financial statements in the securities reports for the fiscal years ended March 2017 through March 2021, and in the quarterly reports from the first quarter of the fiscal year ended March 2017 through the second quarter of the fiscal year ended March 2022.」
Following the internal investigation committee's report, the company restated its prior-year financial statements on 22 March 2022 for unrecorded cost of sales from 2016 onward. It also recorded ¥61.869 million in restatement-related costs. - FY2022-Q3First statedAnnual report
「After one business partner asked the company to confirm whether there had been any payment omissions, the company conducted an internal investigation and found that some cost of sales from 2016 onward had not been recorded, raising the possibility that financial statements from 2016 onward would need to be restated. The company therefore established an internal investigation committee, including certified public accountants and attorneys, and conducted an investigation. On 22 March 2022, the company received the investigation report and was informed that errors involving unrecorded portions of cost of sales from 2016 onward had occurred. Accordingly, the company restated its prior-year financial statements on 22 March 2022.」
The internal investigation committee confirmed that errors involving unrecorded portions of cost of sales from 2016 onward had occurred, and the company restated its prior-year financial statements on 22 March 2022. Investigation expenses and restatement-related costs are scheduled to be recorded as extraordinary losses in the fourth quarter, with an estimated amount of approximately ¥70 million as of the filing date.