Risk of reputational damage and damages claims associated with fraudulent accounting
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2019.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual report
「This section describes the principal matters that are considered likely to become risk factors in the course of the Company's business operations.」
The filing's business risks section lists six items: bad debts, quality, intellectual property rights, bullion prices, personnel and financial covenants, but does not restate the risk of reputational damage and damages claims arising from accounting fraud. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Concludes that there has been no new occurrence or material change regarding the risk of reputational damage and damages claims arising from accounting fraud. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Concludes that there has been no new occurrence or material change regarding the risk of reputational damage and damages claims arising from accounting fraud. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Concludes that there has been no new occurrence or material change regarding the risk of reputational damage and damages claims arising from accounting fraud. - FY2018First statedAnnual report
「In addition to the impact of reputational risk described above, if shareholders or other parties bring a lawsuit against the Company seeking damages and the Company is ordered to pay damages, this could affect the Company's operating results and financial condition.」
For the first time, explicitly identifies the reputational impact of accounting fraud and damages claims and lawsuits brought by shareholders or other parties as risks that could affect operating results and financial condition.