Accounting and disclosure issues arising from past inappropriate transactions
First written in FY2020. 4 of 4 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q3.
GLOME Holdings moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Materialised".
- FY2023-Q3MaterialisedAnnual report
「Special investigation expenses of ¥20 million and a ¥12 million loss on liquidation of an affiliated company associated with the deconsolidation of PBTF1, LLC were recognized.」
Special investigation expenses of ¥20 million were recognized as extraordinary losses for the cumulative third-quarter period. - FY2023-Q1MaterialisedAnnual report
「Extraordinary losses Loss on disposal of fixed assets 0 - Special investigation expenses - 12 Total extraordinary losses 0 12」
Special investigation expenses of ¥12 million were recognized as extraordinary losses in the FY2023-Q1 quarterly consolidated income statement. - FY2022MaterialisedAnnual report
「Due to inappropriate transactions conducted at a consolidated subsidiary from the second quarter of the fiscal year ended March 2021 through the fiscal year ended March 2022, we established a special investigation committee on 12 May 2022.」
Separate from the past inappropriate transactions by the former consolidated subsidiary, inappropriate transactions conducted at a consolidated subsidiary from the second quarter of the fiscal year ended March 2021 through the fiscal year ended March 2022 came to light, leading to a special investigation. - FY2020MaterialisedAnnual report
「Furthermore, after inappropriate transactions by a former consolidated subsidiary came to light, we established an internal investigation committee in February 2020 and proceeded with an investigation led by external members. Upon receiving the investigation report in April 2020, we corrected the related accounting treatments for the period from the third quarter of the fiscal year ended March 2015 through the fiscal year ended March 2017. Investigation committee expenses and the estimated amount of surcharges related to these matters were recognized as extraordinary losses.」
Inappropriate transactions by a former consolidated subsidiary came to light, leading to an internal investigation, corrections to prior-year accounting treatments, and the recognition of investigation expenses and estimated surcharges.