TOKYO, May 29 (Pulse News Wire) – Abalance Corporation (3856.T) announced today that the expected timeline for receiving the investigation report related to its former subsidiary, Abit Co., Ltd., has been extended. Initially scheduled for late May 2026, the report is now anticipated to be received sometime between mid-June and late June 2026 due to the complexity of the review process conducted by an external committee of specialists.
The investigation, which focuses on Abit's accounting practices during its tenure as a subsidiary from October 2019 to March 2025, includes examining transactions and internal management conditions. Specifically, the committee is investigating questionable transactions in Abit’s fiscal years ending June 2019 and June 2020, along with similar transactions. As a result of the extended timeline, Abalance stated that there could be potential impacts on previous financial filings such as annual securities reports and interim reports.
Should corrections be necessary based on the findings, the company intends to make appropriate adjustments promptly. Additionally, the revised schedule may affect the release dates for the third quarter earnings announcement and the full-year earnings announcement for the fiscal year ending March 2026. The company plans to reassess these dates and communicate any changes swiftly once finalized.
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