Asahi Kogyosha Co., Ltd.
Notice Regarding Postponement of Announcement of the Second Quarter Financial Results for the Fiscal Year Ending March 2027 and Consideration of Application for Extension of Submission Deadline for the Semiannual Securities Report
Due to allegations of improper accounting at an overseas consolidated subsidiary and an internal investigation, the announcement of the second quarter financial results for the fiscal year ending March 2027 has been postponed. An internal investigation committee has been established to conduct digital forensic investigations and other inquiries. Following consultations with the audit firm, it was determined that sufficient audit evidence cannot currently be obtained, and the timing of the financial results announcement and submission of the semiannual securities report is undecided. Progress and investigation findings will be disclosed as appropriate. Investors are advised to monitor further updates.
Key Figures
- Unknown: Details of the investigation forming the basis for postponing the announcement
- Unknown: Conclusion on whether improper accounting occurred at the overseas consolidated subsidiary
- Unknown: Submission status of the interim review report
AI要約
Background of the Postponement and Investigation Framework
The reason for postponing the announcement of the second quarter financial results for the fiscal year ending March 2027 is information regarding suspected inappropriate accounting practices and an internal whistleblower report at an overseas consolidated subsidiary (Malaysia). An internal investigation committee has been established to thoroughly examine the facts. The investigation will include digital forensics, interviews with relevant parties, questionnaires, and document verification, with assistance from external certified public accountants and forensic investigation specialists. At this time, the completion date of the investigation is not determined, and preparation of the consolidated financial statements and audit procedures are expected to require additional time.
Future Schedule and Disclosures
A formal decision on the announcement date and application for extension of the submission deadline has not been made. Investigation results will be disclosed as appropriate, and we will continue to provide appropriate information disclosure to fulfill our accountability to shareholders and investors. Following consultations with the audit firm, it was determined that, given the current progress, sufficient and appropriate audit evidence cannot be obtained, and we are considering applying for an extension of the submission deadline for the semiannual securities report.
Asahi Kogyosha Co., Ltd.
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