What is an amended quarterly report?

A financial report filed to correct prior errors. It is crucial for maintaining investor trust.

Why was sales revenue revised?

Due to a timing error in revenue recognition, sales that should have been recorded in this period were deferred.

Will this revision affect the stock price?

There may be short-term fluctuations, but no major long-term impact as business outlook remains unchanged.

What are Mikuni's main products?

Automotive fuel injectors and electronic control components supplied to global automakers.

Are there changes to future earnings forecasts?

No significant changes to future outlook as a result of this revision.

Amended Quarterly Report - First Quarter of the 102nd Fiscal Period (2023/04/01 - 2023/06/30)

Published Jun 26, 2026 10:12 PM ・ Updated Jun 26, 2026 1:57 PM ・ 4 min read ・ Source: PR Times

Mikuni Co., Ltd. has submitted an amended quarterly report for the first quarter of the 102nd fiscal period (April 1, 2023 – June 30, 2023). The amendment aims to correct prior reporting errors and ensure accurate financial disclosure to stakeholders.

Mikuni Co., Ltd. Amended Quarterly Report - First Quarter of the 102nd Fiscal Period (2023/04/01 - 2023/06/30)

This report is submitted by Mikuni Co., Ltd. (hereinafter referred to as "the Company") pursuant to Article 24-5, Paragraph 1 of the Financial Instruments and Exchange Act as an amended quarterly report.

The Company has identified errors in the initial quarterly report regarding its financial performance and position for the first quarter of the 102nd fiscal period (April 1, 2023 to June 30, 2023), and hereby corrects those items through this report.

The main corrections are as follows:

1. Revision of Sales Revenue An error was identified in the timing of revenue recognition for a specific customer. Revenue that should have been recognized in the current period was incorrectly deferred to the prior period. As a result, sales revenue is revised upward by ¥XX million.

2. Reclassification of Expenses Certain research and development costs were initially recorded as operating expenses, but should have been capitalized. These amounts are now reclassified as assets, resulting in a downward adjustment of expenses by ¥XX million.

3. Adjustment of Foreign Currency Translation Differences An error occurred in the timing of foreign exchange translation for consolidated overseas subsidiaries. Amounts that should have been recorded in the foreign currency translation adjustment account were incorrectly included in profit and loss. This item is now corrected.

These revisions have resulted in changes to the items in the consolidated statement of income, consolidated balance sheet, and consolidated statement of cash flows for the quarter. Please refer to the attached documents for detailed information.

It should be noted that these corrections do not significantly alter the Company's management policies or future earnings outlook. The Company will continue to strengthen governance and enhance the transparency of financial reporting.

End

FACT BOX

Source: PR Times
Category: News
Dates in source: 2023/04/01 / 2023/06/30

Amended Quarterly Report - First Quarter of the 102nd Fiscal Period (2023/04/01 - 2023/06/30)

⚡ Key Points

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY