Fraudulent Conduct Carried Out Through a Company Effectively Managed by an Employee
First written in FY2020-Q2. 1 of 2 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020Cited as achievedAnnual report
「During the current consolidated fiscal year, misconduct by a former employee of our company also came to light.」
Misconduct by a former employee was also reported in the full-year report. The consolidated financial statements recorded ¥116 million in cost of sales, ¥177 million in misconduct-related losses and a total of ¥294 million. - FY2020-Q2MaterialisedAnnual report
「It has also come to light that a company effectively managed by one of our employees received compensation from brokers and other parties to whom we paid brokerage fees in real estate transactions, and that there are strong suspicions that part of the cost of interior construction for stores operated by a company effectively managed by one of our employees was covered by repair expenses for real estate owned by our company. These two activities are collectively referred to below as the “misconduct.”」
Misconduct involving suspected payments to a company effectively managed by an employee and the reclassification of store interior construction costs as repair expenses was identified. Misconduct-related losses of ¥177 million and other amounts were recorded, and the investigation report indicated total recorded expenses of ¥294 million, including ¥116 million in cost of sales.