Rewriting of Test Results Report for LED Components Used in Lighting
First written in FY2018-Q3. 2 of 4 entries say "Restated". Latest entry: FY2019-Q3.
2 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「In addition, the Report states that, as a newly identified major matter arising from the independent committee’s investigation, inappropriate conduct had occurred involving the alteration and submission of portions of reports describing test results relating to life expectancy forecasts (degradation of luminous flux over time) for Citizen Electronics’ lighting LED components. The reports were issued by an accredited laboratory established within Citizen Electronics, primarily for North American business partners.」
The Company continues to disclose the facts concerning the alteration of test result reports for lighting LED components and the difficulty of estimating the amount of the impact. - FY2019-Q2RestatedAnnual report
「In addition, the Report states that, as a newly identified major matter arising from the independent committee’s investigation, inappropriate conduct had occurred involving the alteration and submission of portions of reports describing test results relating to life expectancy forecasts (degradation of luminous flux over time) for Citizen Electronics’ lighting LED components. The reports were issued by an accredited laboratory established within Citizen Electronics, primarily for North American business partners.」
The Company remains unable to reasonably estimate the amount of the impact of the alteration of test result reports for lighting LED components. - FY2018WorsenedAnnual report
「Depending on future developments in this matter, the Company’s consolidated results may be affected by losses and other factors. However, because it is currently difficult to reasonably estimate the amount of the impact, it has not been reflected in the consolidated financial statements.」
The Company disclosed the possibility that the inappropriate conduct, including the alteration of test result reports for lighting LED components, could affect results through the occurrence of losses, and that the amount of the impact cannot currently be estimated. - FY2018-Q3MaterialisedAnnual report
「In addition, the Report states that, as a newly identified major matter arising from the independent committee’s investigation, inappropriate conduct had occurred involving the alteration and submission of portions of reports describing test results relating to life expectancy forecasts (degradation of luminous flux over time) for Citizen Electronics’ lighting LED components. The reports were issued by an accredited laboratory established within Citizen Electronics, primarily for North American business partners.」
The independent committee’s investigation newly identified that portions of test result reports relating to life expectancy forecasts for lighting LED components, primarily supplied to North America, had been altered and submitted. Corrective measures, including retesting and issuing proper reports, are being implemented.