Financial Services Agency Actions Against an Audit Firm and Response Regarding Audit Quality
First written in FY2025. 1 of 3 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Company's independent auditor changed as follows. Previous consolidated fiscal year and previous fiscal year Asuka Audit Corporation Current consolidated fiscal year and current fiscal year 保森監査法人」
Following the change from Asuka Audit Corporation to 保森監査法人, 保森監査法人 audited the current consolidated fiscal year, and the audit and supervisory committee determined that it was functioning effectively and that the audit quality had a relative advantage. - FY2026-H1Interim review after the change of audit firmAnnual report
「Pursuant to Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, the Company has received an interim review by 保森監査法人 of the interim consolidated financial statements for the interim consolidated accounting period from 1 April 2025 to 30 September 2025.」
The auditor changed from Asuka Audit Corporation, which had received measures from the Financial Services Agency, to 保森監査法人, and 保森監査法人 conducted the interim review for the current interim consolidated accounting period. - FY2025First statedAnnual report
「Asuka Audit Corporation, our independent auditor, received the following measures from the Financial Services Agency on 17 January 2025. ・Six-month suspension of operations relating to the execution of new contracts, from 20 January 2025 to 19 July 2025 ・Business improvement order (improvement of the business management system)」
The Company has disclosed for the first time the Financial Services Agency's six-month suspension of the independent auditor's operations relating to new contracts and its business improvement order. The Company has received progress reports on the business improvement plan from the audit firm and has determined that the reliability of the audit will be ensured by its audit and review systems.