Sun* Inc.
Notice on internal investigation results regarding overseas consolidated subsidiaries and measures to prevent recurrence
For SVN, off-balance sheet cash of approximately 24 million yen was identified. The company disclosed the investigation results and recurrence prevention measures. Management reportedly had not been aware of this, and the financial impact has been recorded in the interim period. As a preventive measure, internal controls will be strengthened.
Key Figures
- Off-balance sheet cash 24 million yen
- Selling, general and administrative expenses 6 million yen
- Non-operating income 30 million yen (of which past-year impact 22 million yen)
AI要約
Key findings of the investigation
Sun Asterisk Vietnam Co., Ltd (SVN) was found to have maintained off-balance sheet cash for an extended period, with funds diverted from lecture fees received from local educational institutions and not recorded in the books. Financial impact includes recognizing off-balance sheet cash of 24 million yen at the end of the interim period for the year ending 2026, recording 6 million yen in SG&A expenses and 30 million yen in non-operating income (including 22 million yen of prior-year impact).
Prevention measures and future actions
Head office will prohibit off-balance sheet assets and liabilities and enforce periodic verification, standardize reporting and escalation procedures, strengthen contract drafting and approval processes, enhance management and monitoring of SVN, prevent knowledge silos, and conduct regular internal control training. The company will continue to verify facts and ensure appropriate accounting treatment, and strengthen governance.
Sun* Inc.
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