Hamai Industries Ltd.
Notice Regarding Opinion Unexpressed on Audit Report for Previous Fiscal Year
The audit firm has expressed an unexpressed opinion on the consolidated financial statements and financial statements for the previous fiscal year. The reason is lack of sufficient audit evidence, especially for inventories, and the same lack of expression continuing for the restated financial statements. Explains the reason for the restatement and the company’s intended actions going forward.
Key Figures
- Inventories (total of products, raw materials, and work in progress): 585,938 thousand yen, 305,849 thousand yen, 845,108 thousand yen (as of year ended 2021)
- Inventories (total of products, raw materials, and work in progress): 672,418 thousand yen, 454,602 thousand yen, 1,104,470 thousand yen (as of year ended 2022)
- Lack of audit evidence based on the basis of the audit report's unexpressed opinion
AI要約
Overview
This notice discloses that on September 14, 2026, the company received a decision to express an unexpressed opinion on the audit report for prior-year annual securities reports. The target period is the consolidated financial statements and financial statements for the years ended December 2021 and December 2022. The main reason is insufficient audit evidence, particularly regarding inventories, affecting material items such as existence, completeness, and valuation. Also explains the reasons for the restatement and the expected future actions.
Future actions and impact
The restated consolidated financial statements will be submitted with this audit report. Given the continuing unexpressed opinion, management commits to appropriate countermeasures and aims to regain the trust of shareholders, business partners, and related parties. Procedures to ensure the accuracy of financial statements and the independence/ethicality of the auditors are expected to be emphasized in future disclosures.
Hamai Industries Ltd.
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