Fukuyama Transporting Co., Ltd. Amended Securities Report – 73rd Fiscal Period (2020/04/01 – 2021/03/31)
The company has identified inaccuracies in its original securities report for the 73rd fiscal period (April 1, 2020 – March 31, 2021) under the Financial Instruments and Exchange Act, and hereby submits this amended report.
The primary reasons for the amendment include misapplication of revenue recognition standards in certain transactions and omissions in expense recognition. As a result, revisions have been made to key financial figures such as net sales, operating income, and net income.
Specifically, net sales have been downwardly revised by ¥XX billion, operating income by ¥XX billion, and net income by ¥XX billion. These corrections were determined following internal control reviews and consultations with the external auditing firm.
Despite these revisions, the company does not plan to revise the dividend for the period and intends to distribute it as originally announced. Moving forward, the company will strengthen its accounting management systems and reinforce internal controls to prevent recurrence.
This amended report has been submitted to the relevant authorities and is also available on the company's official website. The company appreciates investors' understanding regarding this corrective measure taken to ensure accurate disclosure.
FACT BOX
- Source: PR Times
- Category: News
- Dates in source: 2020/04/01 / 2021/03/31