What was corrected and how
A subsequent correction by the company to the contents of an already published filing.
Earnings Summary for the fiscal year ended March 2022 [Japanese GAAP] (non-consolidated), Earnings Summary for the fiscal year ended March 2023 [Japanese GAAP] (non-consolidated), Earnings Summary for the fiscal year ended March 2024 [Japanese GAAP] (non-consolidated), Earnings Summary for the fiscal year ended March 2025 [Japanese GAAP] (non-consolidated), Quarterly Earnings Summaries [Japanese GAAP] (non-consolidated) from the first quarter of the fiscal year ended March 2022 through the third quarter of the fiscal year ending March 2026, Annual Securities Reports for fiscal years 56 through 59, Semiannual Securities Reports for the first half of fiscal years 59 and 60, and the Quarterly Securities Report for fiscal year 58
The total assets, net assets, net sales, operating profit, ordinary profit and net income stated under the reasons and details of the prior-period corrections, the earnings summaries and other disclosures to be corrected, and the impact of the corrections on results for prior fiscal years
Before correction, the full-year figures were as follows. Fiscal year 56: total assets 9,467, net assets 4,313, net sales 2,979, operating profit 291, ordinary profit 184 and net income 129. Fiscal year 57: total assets 8,910, net assets 4,539, net sales 3,223, operating profit 221, ordinary profit 137 and net income 118. Fiscal year 58: total assets 8,067, net assets 4,856, net sales 2,852, operating profit 284, ordinary profit 220 and net income 279. Fiscal year 59: total assets 7,475, net assets 4,585, net sales 2,242, operating loss 98, ordinary loss 147 and net loss 271. The figures for each period and item shown in the table for quarterly and other periods will also be corrected from the pre-correction figures.
After correction, the full-year figures will be as follows. Fiscal year 56: total assets 8,050, net assets 2,897, net sales 2,975, operating profit 287, ordinary loss 42 and net loss 97. Fiscal year 57: total assets 7,439, net assets 3,068, net sales 3,218, operating profit 217, ordinary profit 83 and net income 63. Fiscal year 58: total assets 6,517, net assets 3,306, net sales 2,847, operating profit 279, ordinary profit 141 and net income 200. Fiscal year 59: total assets 5,789, net assets 2,899, net sales 2,239, operating loss 101, ordinary loss 283 and net loss 407. For quarterly and other periods, the figures for each period and item shown in the table will also be changed from the pre-correction figures to the revised figures.
Under “Impact of the Corrections on Results for Prior Fiscal Years,” the Company presents the pre-correction figures, post-correction figures, impacts and percentage changes for total assets, net assets, net sales, operating profit, ordinary profit and net income in its Annual Securities Reports, earnings summaries, Semiannual Securities Reports, Quarterly Securities Reports and Quarterly Earnings Summaries.
Regarding the accounting estimates for security deposits paid, the collection period is expected to be longer than initially anticipated based on sales trends and collection prospects at certain cemeteries. Following discussions with the audit firm, the Company decided to correct its financial results for prior fiscal years. The Company will write down the security deposits paid by recognizing an allowance for doubtful accounts and will also make certain other minor accounting corrections.
| Item | Details |
|---|---|
| Disclosure subject to correction | Earnings Summary for the fiscal year ended March 2022 [Japanese GAAP] (non-consolidated), Earnings Summary for the fiscal year ended March 2023 [Japanese GAAP] (non-consolidated), Earnings Summary for the fiscal year ended March 2024 [Japanese GAAP] (non-consolidated), Earnings Summary for the fiscal year ended March 2025 [Japanese GAAP] (non-consolidated), Quarterly Earnings Summaries [Japanese GAAP] (non-consolidated) from the first quarter of the fiscal year ended March 2022 through the third quarter of the fiscal year ending March 2026, Annual Securities Reports for fiscal years 56 through 59, Semiannual Securities Reports for the first half of fiscal years 59 and 60, and the Quarterly Securities Report for fiscal year 58 |
| Location of correction | The total assets, net assets, net sales, operating profit, ordinary profit and net income stated under the reasons and details of the prior-period corrections, the earnings summaries and other disclosures to be corrected, and the impact of the corrections on results for prior fiscal years |
| Details of correction | Before correction, the full-year figures were as follows. Fiscal year 56: total assets 9,467, net assets 4,313, net sales 2,979, operating profit 291, ordinary profit 184 and net income 129. Fiscal year 57: total assets 8,910, net assets 4,539, net sales 3,223, operating profit 221, ordinary profit 137 and net income 118. Fiscal year 58: total assets 8,067, net assets 4,856, net sales 2,852, operating profit 284, ordinary profit 220 and net income 279. Fiscal year 59: total assets 7,475, net assets 4,585, net sales 2,242, operating loss 98, ordinary loss 147 and net loss 271. The figures for each period and item shown in the table for quarterly and other periods will also be corrected from the pre-correction figures. → After correction, the full-year figures will be as follows. Fiscal year 56: total assets 8,050, net assets 2,897, net sales 2,975, operating profit 287, ordinary loss 42 and net loss 97. Fiscal year 57: total assets 7,439, net assets 3,068, net sales 3,218, operating profit 217, ordinary profit 83 and net income 63. Fiscal year 58: total assets 6,517, net assets 3,306, net sales 2,847, operating profit 279, ordinary profit 141 and net income 200. Fiscal year 59: total assets 5,789, net assets 2,899, net sales 2,239, operating loss 101, ordinary loss 283 and net loss 407. For quarterly and other periods, the figures for each period and item shown in the table will also be changed from the pre-correction figures to the revised figures.（The full-year percentage changes are as follows. Fiscal year 56: total assets −15.0%, net assets −32.8%, ordinary profit −122.8% and net income −175.2%. Fiscal year 57: total assets −16.5%, net assets −32.4%, ordinary profit −39.4% and net income −46.6%. Fiscal year 58: total assets −19.2%, net assets −31.9%, ordinary profit −35.9% and net income −28.3%. Fiscal year 59: total assets −22.6%, net assets −36.8%, ordinary profit −92.5% and net income −50.2%. The percentage changes for quarterly and other periods are as shown in the table.） |
| Reason for correction | Regarding the accounting estimates for security deposits paid, the collection period is expected to be longer than initially anticipated based on sales trends and collection prospects at certain cemeteries. Following discussions with the audit firm, the Company decided to correct its financial results for prior fiscal years. The Company will write down the security deposits paid by recognizing an allowance for doubtful accounts and will also make certain other minor accounting corrections. |
| Impact on Business Performance | Under “Impact of the Corrections on Results for Prior Fiscal Years,” the Company presents the pre-correction figures, post-correction figures, impacts and percentage changes for total assets, net assets, net sales, operating profit, ordinary profit and net income in its Annual Securities Reports, earnings summaries, Semiannual Securities Reports, Quarterly Securities Reports and Quarterly Earnings Summaries. |
Items this document does not state (1)
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.Based on sales trends and collection prospects at certain cemeteries, the collection period for security deposits paid is expected to be longer than initially anticipated. Following discussions with the audit firm, the Company will write down the security deposits paid by recognizing an allowance for doubtful accounts. The Company explains that this reflects a decline in economic value, or time value, resulting from the longer collection period, rather than a deterioration in creditworthiness or an inability to collect. Certain other minor accounting treatments will also be corrected.