Decision and Details
Board of DirectorsSubmission of an application for approval to extend the filing deadline for the semiannual report for the 108th fiscal period (fiscal year ending December 2026)
Improper accounting practices, primarily round-trip transactions, were identified at USM during the period before its acquisition. The scope of the investigation is extensive, and the investigation of overseas subsidiaries conducted immediately after the acquisition is expected to require time, so the full picture remains unclear. The possibility of additional off-balance-sheet liabilities has also emerged, and the proper closing of the accounts, preparation of the consolidated financial statements, and audit and review by the audit firm are expected to require time.
The Company is investigating whether there is any impact on its consolidated financial statements and the amount of any such impact. The amount of the impact has not been determined at this time.
| Item | Details |
|---|---|
| Matter Covered | Submission of an application for approval to extend the filing deadline for the semiannual report for the 108th fiscal period (fiscal year ending December 2026) |
| Decision-Making Body | Board of Directors |
| Decision Date | 13 August 2026 |
| Implementation Date | The application for approval was submitted to the Kanto Local Finance Bureau on 13 August 2026 (completed). If approved, the extended filing deadline is scheduled to be 23 October 2026. |
| Period Covered | Semiannual report for the 108th fiscal period (fiscal year ending December 2026) (from 1 January 2026 to 30 June 2026) |
| Impact on Business Performance | The Company is investigating whether there is any impact on its consolidated financial statements and the amount of any such impact. The amount of the impact has not been determined at this time. |
| Reason | Improper accounting practices, primarily round-trip transactions, were identified at USM during the period before its acquisition. The scope of the investigation is extensive, and the investigation of overseas subsidiaries conducted immediately after the acquisition is expected to require time, so the full picture remains unclear. The possibility of additional off-balance-sheet liabilities has also emerged, and the proper closing of the accounts, preparation of the consolidated financial statements, and audit and review by the audit firm are expected to require time. |
| Governing Rule | Article 18-2, Paragraph 1 of the Cabinet Office Ordinance on Disclosure of Corporate Affairs, etc. |
| Related previous disclosures | “Notice Regarding the Postponement of the Announcement of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 and Consideration of an Application to Extend the Filing Deadline for the Semiannual Report,” dated 4 August 2026 |
| Future plans | If the application is approved, the Company will promptly make a disclosure. |
Items this document does not state (2)
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.An investigation is ongoing into the facts, the impact on the consolidated financial statements and the amount of the impact relating to improper accounting practices, primarily round-trip transactions conducted at USM before it became a consolidated subsidiary. The investigation, preparation of the consolidated financial statements, and the audit and review by the audit firm are expected to require a considerable amount of time.