Outflow of funds based on fraudulent instructions from a malicious third party
First written in FY2021-Q3. 6 of 8 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2025-H1.
2 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「For the interim consolidated accounting period (from 1 April 2024 to 30 September 2024), this resulted from the partial recovery of funds related to the cash outflow incident at a European consolidated subsidiary.」
Regarding the cash outflow incident at a European consolidated subsidiary, a remittance fraud recovery gain of ¥8 million from partial recovery was recognized during the interim period as well. - FY2024MitigatedAnnual report
「Recovery gains from remittance fraud at a subsidiary」
Regarding the cash outflow incident at a European consolidated subsidiary, a partial recovery gain of ¥111 million was recognized in the fiscal year. - FY2024-Q3MitigatedAnnual report
「Recovery gains from remittance fraud at a subsidiary ¥59 million」
During the nine-month period of the current consolidated fiscal year, the Company also recognized ¥59 million in recovery gains from the partial recovery of funds in the outflow incident at a European consolidated subsidiary. - FY2023MitigatedAnnual report
「This relates to the partial recovery of funds in the outflow incident at a European consolidated subsidiary.」
The Company recognized ¥215 million in recovery gains during the current fiscal year from the partial recovery of funds in the outflow incident. - FY2023-Q3MitigatedAnnual report
「Recovery gains from remittance fraud at a subsidiary」
The Company recognized ¥182 million in recovery gains as extraordinary income from the partial recovery of funds in the outflow incident at a European consolidated subsidiary. - FY2023-Q2MitigatedAnnual report
「This relates to the partial recovery of funds in the outflow incident at a European consolidated subsidiary.」
The Company recognized ¥110 million in recovery gains from the partial recovery of funds in the outflow incident at a European subsidiary. - FY2021MaterialisedAnnual report
「This relates to the outflow of funds at a European consolidated subsidiary.」
The Company actually recognized ¥984 million as a remittance fraud loss relating to the outflow of funds caused by fraudulent instructions at a European subsidiary. - FY2021-Q3MaterialisedAnnual report
「A European consolidated subsidiary of the Company experienced an outflow of funds based on fraudulent instructions from a malicious third party. The resulting loss is expected to be recognized as an extraordinary loss in the fourth-quarter consolidated accounting period. Expected loss: maximum of approximately ¥1 billion. Period of occurrence: late October to early November 2020.」
The Company discloses that an outflow of funds based on fraudulent instructions actually occurred at a European consolidated subsidiary and that an extraordinary loss of up to approximately ¥1 billion is expected to be recognized in the fourth quarter.