Nabtesco Corporation
Notice of Correction Report to Prior-Year Internal Control Reports and Notification of Material Deficiency in Financial Reporting
Correction reports to prior-year internal control reports were submitted. It was discovered that consolidated net assets changes including subsidiaries of equity-method affiliates were understated due to incorrect calculation, and this was determined to be a material deficiency in financial reporting. The corrections cover fiscal years 2021–2025. The company plans to strengthen internal control going forward.
Key Figures
- Number of years subject to correction: 2021-01-01～2025-12-31
- Correction report submission date: 2026-09-30
- Audit report: Unqualified opinion
AI要約
Background and Overview of the Deficiency
The Company submitted correction reports to the Kanto Local Finance Bureau after identifying a material deficiency in prior-year internal control reports. The affected internal control reports cover fiscal years 2021 through 2025. The cause was that the financial figures of equity-method affiliates were calculated based on changes in standalone net assets rather than changes in consolidated net assets, resulting in prolonged understatement. This stemmed from practices carried over from the pre-IFRS era and was identified as a deficiency in the design and operation of internal control.
Impact and Remediation Policy
This deficiency was judged to have a material impact on financial reporting, and the Company intends to restate the affected internal control reports retroactively. Remediation has not yet been completed; the Company will strengthen internal controls over the financial reporting process to restore reliability. Tax and disclosure corrections have been reflected in amendment reports to the annual securities report.
Nabtesco Corporation
Company overview · Stock price · Financial data · All IR
