Asahi Diamond Industrial Co., Ltd.
Notice Regarding an Interim Review Report with a Qualified Conclusion on the Interim Consolidated Financial Statements
A qualified conclusion on the interim consolidated financial statements arose due to inability to obtain financial information from an equity-method affiliate. The impact is limited to specific accounts but is considered significant. The company states it will respond appropriately going forward.
Key Figures
- Affected accounts: Investment securities, equity-method investment gains/losses, etc.
- Period covered: Interim consolidated accounting period for the fiscal year ending March 2027
- Review report: Qualified conclusion (received on 2026-11-13)
AI要約
Overview
Asahi Diamond Industrial Co., Ltd. announced that it received an interim review report with a qualified conclusion for the interim consolidated financial statements for the fiscal year ending March 2027. The qualified conclusion arose because the company was unable to obtain financial information from its equity-method foreign affiliate, Shinkan Diamond Kogyo Co., Ltd. The period for which information could not be obtained did not include the first quarter consolidated accounting period or the cumulative first quarter consolidated period, and the impact is limited to specific account items such as investment securities and equity-method investment gains/losses.
Future responses and impact
The audit firm has judged that the impact is limited and does not recognize a material effect on the company's overall financial position, operating results, or cash flows. However, because there are periods for which evidence supporting the qualified conclusion could not be obtained, the company intends to respond appropriately to shareholders and the market.
Asahi Diamond Industrial Co., Ltd.
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