KDDI Corporation
[KDDI] Discovery of Significant Deficiency in Financial Reporting | June 25, 2026
KDDI has identified a significant deficiency in internal controls related to the fiscal year ending March 2026, and has implemented corrections for fictitious circular transactions in past fiscal years. Preventive measures have been strengthened and reflected in the consolidated financial statements.
Key Figures
- Corrections reflected in consolidated financial statements: Unknown
- Cancellation of sales and cost of sales due to internal control deficiencies
- Implemented corrections and governance strengthening measures for the fiscal year ending March 2026
AI要約
Summary of Performance
KDDI announced a significant deficiency in internal controls related to its financial reporting for the fiscal year ending March 2026. The deficiency was caused by fictitious circular transactions in the advertising agency business of its consolidated subsidiaries, leading to the cancellation of sales and cost of sales figures from previous fiscal years. As a result, necessary corrections were made to the consolidated financial statements, and the audit opinion was rendered unqualified and appropriate.
Future Measures and Outlook
The company is implementing preventive measures such as strengthening risk management systems, ensuring segregation of authority, and enhancing internal audits. It aims to continuously improve internal control setup and operations, and strengthen governance, to enhance the reliability of future financial reporting.
KDDI Corporation
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