Komori
Earnings9842ARCLANDS CORPORATIONRetail

Notice of Receipt and Publication of the Special Investigation Committee’s Investigation Report and the Upcoming Schedule for the Financial Results Announcement

The special investigation committee’s investigation found that improper financial reporting and the deferral of accounting procedures had taken place at PFH. The company announced the scheduled date for correcting prior-period financial results and the schedule for the delayed financial results announcement.

Worth reading
73In focus
Scored from 1 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
1437
Millions of yen (major impact amount on operating profit)
Wording
Avoiding a definitive answer
How definitive the wording is.

Results for this period

Factors Behind Changes in Business Performance

At PFH, financial reporting using figures that differed from those in the accounting system, failure to eliminate unrealized profits, and deferral of the recognition of allowances for doubtful accounts and bonuses were identified. The major impact on operating profit was a ¥614 million decrease for the interim period and a ¥1,437 million decrease for the full year.

Results for this period
ItemDetails
Factors Behind Changes in Business PerformanceAt PFH, financial reporting using figures that differed from those in the accounting system, failure to eliminate unrealized profits, and deferral of the recognition of allowances for doubtful accounts and bonuses were identified. The major impact on operating profit was a ¥614 million decrease for the interim period and a ¥1,437 million decrease for the full year.
Items this document does not state (37)
Fiscal Period ClassificationAccounting standardsConsolidated / non-consolidatedPeriod CoveredNet SalesOperating profitOrdinary incomeProfit attributable to owners of the parentNet income per shareOperating MarginEquity ratioTotal assetsNet assetsCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastRevision to Earnings ForecastAnnual Dividend ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogDepreciation and amortizationImpairment lossBreakdown of extraordinary income (loss)Disclosure regarding the going concern assumptionChange in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

It was found that PFH’s CFO had consolidated reporting materials prepared using reported figures that differed from the figures in the accounting system, and that unrealized profits had not been eliminated and the recognition of allowances for doubtful accounts and bonuses had been deferred. The company expects the final correction amount to differ from the impact amount stated in the investigation report because it will reflect a review of the recoverability of deferred tax assets and other factors.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Receipt and Publication of the Special Investigation Committee’s Investigation Report and the Upcoming Schedule for the Financial Results Announcement | ARCLANDS CORPORATION (9842) timely disclosure | Komori