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Nissha (7915) · RiskMaterialised

Inappropriate Accounting Treatment at USM Before the Acquisition

First written in FY2026-H1. 1 of 1 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026-H1.

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Withdrawal from an acquisition and impairment due to the discovery of accounting fraud before the acquisitionA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2026-H1MaterialisedAnnual report

    「As stated in the notice dated 4 August 2026, “Notice Concerning 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 for an Extension of the Filing Deadline for the Semi-Annual Report,” it was discovered that improper accounting, centered on circular transactions, had been conducted during the pre-acquisition period at USM HEALTHCARE MEDICAL DEVICES FACTORY JOINT STOCK COMPANY (hereinafter, “USM”), which the Company acquired on 20 May 2026.」

    During the PMI process and preparation of the first consolidated financial results for USM, improper accounting centered on pre-acquisition circular transactions was discovered. In response, the Company decided to transfer the USM shares and recognized an impairment loss related to the acquisition.
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Inappropriate Accounting Treatment at USM Before the Acquisition | Nissha Co.,Ltd. (7915) | Komori