Overbilling in contracted COVID-19-related operations and risks to trust and liability for damages
First written in FY2023. 2 of 4 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In April 2023, it was discovered that 近畿日本日本ツーリスト株式会社, a consolidated subsidiary of the company, had overbilled in connection with contracted operations for local governments relating to COVID-19 vaccinations. The company received an investigation report from the investigation committee on 8 August 2023, formulated measures to prevent recurrence and is implementing them.」
The company continues to disclose the overbilling matter and implementation of measures to prevent recurrence based on the investigation report. - FY2024RestatedAnnual report
「In April 2023, it was discovered that 近畿日本日本ツーリスト株式会社, a consolidated subsidiary of the company, had overbilled in connection with contracted operations for local governments relating to COVID-19 vaccinations. The company received an investigation report from the investigation committee on 8 August 2023, formulated measures to prevent recurrence and is implementing them.」
While disclosing the discovery of the overbilling matter, receipt of the investigation report and implementation of measures to prevent recurrence, the company stated that the possibility of claims for damages by local governments and other entities remained. - FY2024-Q1WorsenedAnnual report
「Regarding the overbilling incident at our consolidated subsidiary Kinki Nippon Tourist Co., Ltd., announced on 12 April 2023, we have received suspension-of-nomination sanctions from certain local governments and other entities.」
The company disclosed that it had been suspended from bidding by certain local governments and other entities in connection with the overbilling matter, making the risk of business restrictions more concrete. It stated that the potential impact of claims for damages and other matters was difficult to reasonably estimate. - FY2023MaterialisedAnnual report
「In April 2023, it was discovered that Kinki Nippon Tourist Co., Ltd., a consolidated subsidiary of the company, had overbilled for contracted COVID-19-related operations performed for local governments.」
Overbilling in COVID-19-related operations contracted by local governments was discovered, leading to the establishment of an investigation committee, downward revisions to net sales, recognition of special investigation expenses and the possibility of claims for damages, among other developments.