Accounting Fraud and Omitted Tax Filings Risk
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 12 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To prevent accounting fraud and window-dressing of financial statements, our group continually strengthens the development and operation of internal controls over financial reporting and conducts monitoring through internal audits, thereby working to improve the reliability of financial reporting.」
The company continued to disclose the risks of accounting fraud and failure to file tax returns, and continued monitoring through internal controls over financial reporting and internal audits. - FY2025First statedAnnual report
「On the other hand, if fictitious transactions, circular transactions, window-dressing of financial statements or failure to file tax returns occurs, there is a risk not only of penalties imposed for such conduct but also of reputational damage, which could affect the business performance and financial condition of our group.」
The company separately identified fictitious transactions, circular transactions, window-dressing of financial statements and failure to file tax returns as material accounting and tax risks for the first time, with training, personnel rotation and interviews as countermeasures.