nms Holdings Corporation
Notice of Submission of Improvement Report to the Tokyo Stock Exchange
NMS Holdings has corrected accounting irregularities caused by unrecorded burden expenses of approximately 716 million yen due to past fiscal year financial statement revisions. As a preventive measure, the company announced plans to strengthen organizational structure and improve information sharing.
Key Figures
- Net Income Attributable to Owners of Parent: ▲130,557 thousand yen (after correction)
- Net Sales: 75,707,594 thousand yen (no change)
- Net Assets: 4,565,061 thousand yen (▼718,849 thousand yen YoY)
AI要約
Background and Financial Statement Corrections
NMS Holdings has revised financial summaries and securities reports from past fiscal years, correcting accounting irregularities related to unrecorded burden expenses of approximately 716 million yen. The cause was delayed accounting treatment of costs associated with vendor defect response, notably including unrecorded allowances for PST burden expenses. As a result, net income attributable to owners of the parent was significantly revised downward.
Recurrence Prevention Measures and Future Response
The company is implementing measures such as strengthening the organizational structure, decentralizing accounting authority, and reviewing the system for timely sharing of important information. Specifically, it plans to introduce a CxO system, revise standards for board approval of subsidiaries, and thoroughly disseminate internal reporting systems to enhance the accuracy of financial reporting and supervisory functions. Through these initiatives, the company aims to prevent similar incidents in the future and restore investor trust.
NMS Holdings Co., Ltd.
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