Losses and Litigation Risk Related to Past Improper Transactions
First written in FY2016. 14 of 19 entries say "Restated". Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no material changes in financial condition, operating results or cash flow, including any unusual changes, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks of losses and litigation related to past fraudulent transactions. - FY2022-Q3RestatedAnnual report
「During the nine months ended 31 December, there were no material changes, including abnormal fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company treats the risks of losses and litigation related to past fraudulent transactions as having undergone no material changes from the risks described in the previous fiscal year. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no material changes in financial condition, operating results or cash flow, including any unusual changes, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company treats the risks of losses and litigation related to past fraudulent transactions as having undergone no material changes from the risks described in the previous fiscal year. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no material changes in financial condition or operating results, including any unusual changes, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company treats the risks of losses and litigation related to past fraudulent transactions as having undergone no material changes from the risks described in the previous fiscal year. - FY2021-Q2MitigatedAnnual report
「The following items include amounts arising in connection with fraudulent transactions discovered in the fiscal year ended March 2013. Long-term accounts receivable ¥1,358 million ¥1,357 million Allowance for doubtful accounts △¥1,358 million △¥1,357 million Provision for contingent losses ¥208 million ¥208 million」
Long-term accounts receivable and the allowance for doubtful accounts related to past fraudulent transactions decreased from ¥1,358 million to ¥1,357 million, while the ¥208 million provision for contingent losses was maintained. - FY2021-Q1MitigatedAnnual report
「Long-term accounts receivable ¥1,358 million ¥1,357 million Allowance for doubtful accounts △¥1,358 million △¥1,357 million Provision for contingent losses ¥208 million ¥208 million」
Long-term accounts receivable and the allowance for doubtful accounts related to past fraudulent transactions decreased from ¥1,358 million to ¥1,357 million, while the ¥208 million provision for contingent losses was maintained. - FY2020-Q3RestatedAnnual report
「※2 The following items include amounts arising in connection with fraudulent transactions discovered in the fiscal year ended March 2013. Long-term accounts receivable ¥1,359 million ¥1,358 million Allowance for doubtful accounts △¥1,359 million △¥1,358 million Provision for contingent losses ¥208 million ¥208 million」
The company continues to disclose ¥1,358 million in long-term accounts receivable and allowance for doubtful accounts related to past fraudulent transactions, as well as a ¥208 million provision for contingent losses. - FY2020-Q2RestatedAnnual report
「Long-term accounts receivable ¥1,359 million ¥1,358 million Allowance for doubtful accounts △¥1,359 million △¥1,358 million Provision for contingent losses ¥208 million ¥208 million」
The company continues to disclose ¥1,358 million in long-term accounts receivable and allowance for doubtful accounts related to past fraudulent transactions, as well as a ¥208 million provision for contingent losses. - FY2020-Q1RestatedAnnual report
「The following includes items arising in connection with improper transactions discovered in the fiscal year ended March 2013. Long-term accounts receivable ¥1,359 million Allowance for doubtful accounts (¥1,359 million) Provision for contingent losses ¥208 million」
The company continues to disclose long-term accounts receivable of ¥1,359 million related to past improper transactions, an allowance for doubtful accounts of the same amount, and a provision for contingent losses of ¥208 million. - FY2019-Q3MitigatedAnnual report
「Long-term accounts receivable ¥1,447 million ¥1,359 million Allowance for doubtful accounts (¥1,447 million) (¥1,359 million) Provision for contingent losses ¥208 million ¥208 million」
Long-term accounts receivable and the allowance for doubtful accounts related to past improper transactions declined from ¥1,447 million to ¥1,359 million, while the ¥208 million provision for contingent losses was maintained. - FY2019-Q2RestatedAnnual report
「The following includes items arising in connection with improper transactions discovered in the fiscal year ended March 2013.」
The company continues to disclose long-term accounts receivable of ¥1,447 million related to past improper transactions, an allowance for doubtful accounts of the same amount, and a provision for contingent losses of ¥208 million. - FY2019-Q1RestatedAnnual report
「The following includes items arising in connection with improper transactions discovered in the fiscal year ended March 2013.」
The company continues to disclose long-term accounts receivable of ¥1,447 million related to past improper transactions, an allowance for doubtful accounts of the same amount, and a provision for contingent losses of ¥208 million. - FY2018RestatedAnnual report
「The following includes items arising in connection with improper transactions discovered in the fiscal year ended March 2013.」
The company continues to disclose long-term accounts receivable of ¥1,447 million related to past improper transactions, an allowance for doubtful accounts of the same amount, and a provision for contingent losses of ¥208 million. - FY2018-Q2RestatedAnnual report
「The following includes items arising in connection with improper transactions discovered in the fiscal year ended March 2013.」
The company continues to disclose long-term accounts receivable of ¥1,448 million related to past improper transactions, an allowance for doubtful accounts of the same amount, and a provision for contingent losses of ¥208 million. - FY2017RestatedAnnual report
「The following includes items arising in connection with improper transactions discovered in the fiscal year ended March 2013.」
Long-term accounts receivable related to past improper transactions is ¥1,448 million, with an allowance for doubtful accounts of the same amount and a provision for contingent losses of ¥208 million. The company continues to disclose the related loss and litigation exposure. - FY2017-Q3RestatedAnnual report
「The above litigation was consolidated on 12 September 2014, and proceedings are continuing.」
Litigation proceedings concerning claims for damages and other demands related to the improper transactions are continuing. Long-term accounts receivable is ¥1,449 million and the provision for contingent losses is ¥208 million. - FY2017-Q2RestatedAnnual report
「The above litigation was consolidated on 12 September 2014, and proceedings are continuing.」
Litigation proceedings concerning claims for damages and other demands related to the improper transactions are continuing. Related long-term accounts receivable is ¥1,449 million and the provision for contingent losses is ¥208 million, with the claim amount and other details continuing to be disclosed. - FY2017-Q1Decline in provision balances; litigation continuesAnnual report
「The above litigation was consolidated on 12 September 2014, and proceedings are continuing.」
The company reconfirms that litigation related to the improper transactions is continuing. Related long-term accounts receivable declined from ¥1,450 million to ¥1,449 million, and the provision for contingent losses declined from ¥279 million to ¥208 million, but the company continues to disclose that the litigation proceedings are ongoing. - FY2016First statedAnnual report
「In connection with improper transactions by a former employee of the company, which were disclosed in the notice dated 18 March 2013 titled "Improper Conduct by an Employee of the Company," the group has recognized a provision for contingent losses for the estimated amount of losses it expects to bear in preparation for claims for damages and other demands from business partners and others related to the improper transactions. However, a business partner involved in the improper transactions has filed a claim for damages, and depending on the progress of the litigation, the estimated amount of losses to be borne by the group may change, potentially adversely affecting the group's operating results and financial condition.」
The improper transactions have already occurred and litigation has been initiated. The company also discloses long-term accounts receivable of ¥1,450 million and a provision for contingent losses of ¥279 million related to the matter.