Discovery of improper accounting and restatement of prior-period results
First written in FY2022-Q2. 3 of 4 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2025-H1.
5 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「A settlement payment concerning the burden borne by the directors serving at the time for costs incurred by the company as a result of the inappropriate accounting issue discovered in 2022. The company had been discussing the matter with the directors serving at the time, reached an agreement, and completed receipt of the full settlement payment in December 2024.」
An agreement was reached with the directors serving at the time concerning company costs arising from the inappropriate accounting issue, and receipt of the full settlement payment was completed. - FY2022MitigatedAnnual report
「Inappropriate treatment was discovered in some cost of sales and expenses dating from 2017 onward, and financial results were restated from the quarterly report for the third quarter of the fiscal year ending September 2017 through the quarterly report for the first quarter of the fiscal year ending September 2022. Based on this, measures to prevent recurrence are being implemented as described in the notice dated 1 September 2022, “Notice Regarding the Formulation of Measures to Prevent Recurrence.”」
The company has stated that it completed the restatement of financial results from 2017 onward due to inappropriate accounting practices and is implementing measures to prevent recurrence. Meanwhile, ¥230.888 million in costs related to the restatement of prior-period financial results has been recognized. - FY2022-Q3MitigatedAnnual report
「We discovered that some inappropriate accounting practices had been carried out and established a third-party committee to conduct an investigation. On 24 June 2022, we received the committee's investigation report, which reported that corrections had been made to purchases and other items dating from 2017 onward. Accordingly, we restated prior-period financial results on 30 June 2022. Investigation costs and costs related to restating prior-period financial results were scheduled to be recognized as extraordinary losses in the full-year results for the fiscal year ending September 2022, although the amounts had not been determined as of the filing date.」
Following the third-party committee's investigation report, the company corrected purchases and other items dating from 2017 onward and restated prior-period financial results on 30 June 2022. While the corrective action has been completed, the planned recognition of investigation and restatement costs as extraordinary losses and the undetermined amounts remain outstanding. - FY2022-Q2MaterialisedAnnual report
「Following an external inquiry, we discovered that some inappropriate accounting practices had been carried out. After conducting an investigation, it became possible that financial results dating from 2017 onward would need to be restated.」
Following an external inquiry, some inappropriate accounting practices were discovered, creating the possibility of restating financial results from 2017 onward. Investigation costs and costs related to restating prior-period financial results were scheduled to be recognized as extraordinary losses in the results for the third quarter of the fiscal year ending September 2022, although the amounts had not been determined as of the filing date.