Maruken Lease (9763) · RiskMitigated
Improper Accounting at a Consolidated Subsidiary and Additional Construction Costs
First written in FY2017. 1 of 2 entries say "Materialised", first in FY2017. Latest entry: FY2018.
2entries
2years
0from disclosures
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Same theme, other companies
Discovery of Inappropriate Accounting Treatment at a SubsidiaryA theme 7 companies write about · 7 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
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Full recordFilings, disclosures and news, newest first
- FY2018MitigatedAnnual report
「Segment profit turned positive at ¥44 million, an increase of ¥75 million, as the one-off additional construction costs recorded at the end of the previous fiscal year were eliminated.」
The one-off additional construction costs associated with inappropriate accounting that actually arose in the previous fiscal year were eliminated in the current fiscal year, and the relevant business returned to profitability. - FY2017MaterialisedAnnual report
「In Thailand, Thai丸建㈱ saw an increase in orders for large-scale projects, mainly in public construction. Meanwhile, a domestic subsidiary engaged in civil engineering and water and sewage facility construction recorded additional construction costs due to inappropriate accounting for construction projects, resulting in lower profit.」
The document states that a domestic subsidiary actually recorded additional construction costs resulting from inappropriate accounting, reducing consolidated profit.