Hakuto Co., Ltd. Amended Securities Report – 70th Fiscal Period (April 1, 2021 – March 31, 2022)

The company hereby submits an amended securities report for the 70th fiscal period (April 1, 2021 to March 31, 2022), pursuant to the Financial Instruments and Exchange Act, following the identification of inaccuracies in certain disclosures of the original report.

The primary corrections relate to the consolidated financial statements of the prior fiscal year, where errors were found in the classification and valuation of assets. As a result, adjustments have been made to shareholders' equity and net income for the period. Specifically, the timing and scope of impairment recognition for fixed assets were not appropriately assessed. After a review prompted by regulatory feedback, the company has revised these items accordingly.

While these corrections have had a measurable impact on the company's consolidated financial position and performance, they do not materially affect the company's fundamental business foundation or future operations. The company remains committed to enhancing the reliability of its financial reporting and strengthening its corporate governance framework.

This amended securities report has been submitted to the Kanto Local Finance Bureau and is publicly available through electronic disclosure. Investors are encouraged to review the latest information for accurate decision-making.

FACT BOX

  • Source: PR Times
  • Category: News