Discovery of Improper Accounting Treatment at a Consolidated Subsidiary
First written in FY2020-Q3. 2 of 4 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2023.
Naigai moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThis filing contains no specific description of the discovery, investigation or recurrence-prevention measures concerning the inappropriate accounting treatment by a consolidated subsidiary.
- FY2022RestatedAnnual report
「Refunds of corporate income tax and other amounts arising from claims for reassessment related to corrections of prior-year financial results were recorded as refunds of prior-period income taxes and other amounts, while settlements among members of the consolidated tax group related to the corrections were recorded as prior-period income taxes and other amounts.」
Tax refunds and settlements related to corrections to prior-year financial statements were also recognized in the current period, indicating that the subsequent financial impact of the inappropriate accounting treatment is continuing. - FY2020MaterialisedAnnual report
「The main losses were ¥311 million in special investigation expenses and other costs related to improper accounting at a consolidated subsidiary and ¥205 million in business withdrawal losses associated with the dissolution of 株式会社ナイガイ・イム.」
¥311 million in special investigation expenses and audit fees and other costs associated with correcting prior-year financial statements in connection with improper accounting at a consolidated subsidiary were recorded as extraordinary losses for the full year, quantifying the financial impact of the issue. - FY2020-Q3MaterialisedAnnual report
「Regarding the improper accounting treatment at a consolidated subsidiary discovered in August this year, we formulated specific measures to prevent recurrence based on the facts identified and the analysis of causes by the Special Investigation Committee, and published them on 29 November 2019.」
Improper accounting treatment at a consolidated subsidiary was discovered in August 2019, followed by an investigation and cause analysis by the Special Investigation Committee. Special investigation expenses and other related costs of ¥310 million were recorded, indicating that an accounting and internal control issue had actually occurred.