Accounting fraud at consolidated subsidiary Kajitaku
First written in FY2019. 2 of 4 entries say "Materialised", first in FY2019. Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The cumulative impact of Kajitaku's improper accounting and errors in prior years was recognized in a lump sum during the current consolidated fiscal year. As a result, operating revenue, operating profit, ordinary profit and net income attributable to owners of the parent for the fiscal year decreased by ¥14,613 million, ¥14,544 million, ¥14,549 million and ¥7,920 million, respectively.」
Recognized the cumulative impact of Kajitaku's improper accounting and errors in prior years in a lump sum for the full fiscal year and disclosed the decreases in each profit figure as definitive amounts. - FY2020-Q3RestatedAnnual report
「The cumulative impact of Kajitaku's improper accounting and errors in prior years was recognized in a lump sum in the consolidated statement of income and the Services and Specialty Stores segment information for the nine-month consolidated cumulative period.」
Reconfirmed that the cumulative impact of Kajitaku's improper accounting and errors in prior years was recognized in a lump sum in the nine-month consolidated cumulative period. - FY2020-Q1MaterialisedAnnual report
「As a result, operating revenue, operating profit, ordinary profit and net income attributable to owners of the parent in the quarterly consolidated statement of income decreased by ¥14,613 million, ¥14,544 million, ¥14,549 million and ¥7,920 million, respectively. In segment information, external operating revenue and total operating revenue in the Services and Specialty Stores business decreased by ¥13,937 million, while segment profit or loss decreased by ¥14,544 million.」
Recognized the cumulative impact of Kajitaku's improper accounting and errors in prior years in a lump sum in the current first quarter, disclosing decreases of ¥14,544 million in operating profit and ¥7,920 million in income attributable to owners of the parent, among other impacts. - FY2019MaterialisedAnnual report
「Based on the investigation by the Special Investigation Committee, the total impact on Kajitaku's net assets identified as of 24 May 2019 was a decrease of ¥9.6 billion.」
An investigation by external experts into improper accounting and errors at consolidated subsidiary Kajitaku identified a total impact of ¥9.6 billion on net assets. The amount was scheduled to be recognized in a lump sum in the first-quarter results for the fiscal year ending February 2020.