Valqua, Ltd.
Notice Regarding Misconduct by Former Employee
It was revealed that a former employee of the Finance and Accounting Department embezzled approximately 224 million yen privately. There will be no restatement of prior year financial results, and no impact on earnings guidance. Strengthening of recurrence prevention measures is underway.
Key Figures
- Embezzled Amount: Approx. 224 million yen
- Restatement of Prior Year Financials: No restatement planned
- Earnings Guidance for Fiscal Year Ending March 2026: No change
AI要約
Overview of Misconduct
At the end of February 2026, it was discovered that a former employee of our Finance and Accounting Department had privately embezzled approximately 224 million yen from the company’s bank accounts over more than 10 years, utilizing falsification of accounting documents and other fraudulent accounting practices. Internal investigations confirmed no other parties involved, and no similar cases were identified within group companies.
Response and Recurrence Prevention Measures
The former employee has been dismissed for cause and civil and criminal liabilities will be pursued. To prevent recurrence, we are strengthening business controls through digital infrastructure adoption, improving the effectiveness of internal audits, enhancing management systems across the entire group, and advancing training and human resource development in the Finance and Accounting Department. We are committed to reinforcing internal controls and restoring trust.
BULKAR Corporation
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