Air Water Inc.
[Air Water] Special Investigation Report and Details of Improper Accounting｜June 19, 2026
Air Water has announced the results of ongoing investigations into improper accounting practices, revealing overstatement of sales and profits. The impact amounts are approximately 4,080 million yen in sales and approximately 2,988 million yen in operating profit.
Key Figures
- Impact on sales: approximately 4,080 million yen (including revisions of previous fiscal years)
- Impact on operating profit: approximately 2,988 million yen
- Period of impact: from FY2020 to FY2026
AI要約
Performance Overview
On June 19, 2026, Air Water received an additional investigation report from the Special Investigation Committee and announced that improper accounting practices had been identified. The investigation revealed a wide range of fraudulent accounting activities, including overstatement of sales and profits, unrecorded inventory valuation losses, asset recognition of factory equipment, and improper transfers of repair expenses. It is estimated that these improper practices impacted sales by approximately 4,080 million yen and operating profit by approximately 2,988 million yen. The findings necessitate revisions and corrections to past financial statements, and efforts are underway to formulate measures to prevent recurrence and restore trust.
Future Outlook and Impact on Shareholders
Based on the investigation results, the company plans to revise past financial statements and conduct internal audits, while focusing on developing and implementing measures to prevent recurrence. For investors, restoring financial credibility and improving future performance and transparency are key priorities. The company will continue to disclose appropriate information and ensure management transparency to rebuild trust and stabilize stock prices.
Air Water Inc.
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