Administrative Processing Errors, Accidents and Misconduct
First written in FY2017. 4 of 5 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2026.
AEON Financial Service moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
4 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In light of the matter in which it came to light during the current fiscal year (the 45th fiscal year) that inappropriate accounting had been conducted before the acquisition of the interest in a Vietnamese finance company that became our consolidated subsidiary, as part of the PMI process, we determined that deficiencies in the design and operation identified in certain aspects of company-wide internal controls (risk assessment) and the financial closing and financial reporting processes constituted material weaknesses requiring disclosure, and submitted a revised Internal Control Report to the Director-General of the Kanto Local Finance Bureau on 31 July 2025.」
Inappropriate accounting was identified before the acquisition of PTF (now ACF), and a revised Internal Control Report was submitted on the grounds of a material weakness in internal control. - 2026-05-08MaterialisedGeneral Meetings of Shareholders
「During the fiscal year, it was discovered that improper accounting had been conducted before the acquisition of an interest in a Vietnamese finance company that became our consolidated subsidiary in the course of PMI.」
The company describes the discovery of improper accounting conducted before the acquisition of the subsidiary's interest as an actual incident involving administrative processing and misconduct. - FY2020MaterialisedAnnual report
「During the current fiscal year, the Group identified inappropriate accounting practices at its Philippine local subsidiary, which affected operating profit, ordinary profit and net income attributable to owners of the parent.」
Inappropriate accounting in prior fiscal years at the Philippine local subsidiary was reflected in the full-year results, and the administrative processing and misconduct risk materialised. - FY2020-Q3MaterialisedAnnual report
「In addition, for the six months ended the second quarter of the current consolidated fiscal year, the impact of the inappropriate accounting identified at our consolidated subsidiary Aeon Credit Service (Philippines) Inc. in prior fiscal years, which was disclosed on 1 November, has been reflected. The impact was ¥570 million pesos on ordinary profit (at an exchange rate of ¥2.1 per peso), equivalent to approximately ¥1.2 billion when converted into Japanese yen.」
Inappropriate accounting in a Philippine subsidiary in prior fiscal years was identified, and the approximately ¥1.2 billion impact on ordinary profit was reflected in the consolidated results for the current interim period. - FY2017First statedAnnual report
「If employees or others fail to perform administrative procedures as prescribed, or cause accidents, misconduct or other incidents, losses may arise, regulatory action may be taken, and confidence in the Group may be undermined.」
The disclosure identifies as a separate item the risk that failures in administrative procedures, accidents or misconduct may result in losses, regulatory action and a decline in confidence.