TOKYO, Jun 30 (Pulse News Wire) – Baby Calendar Inc. (7363.T) announced today that it has submitted revised financial reports for fiscal years ending December 2024 and June 2025 to the Kanto Finance Bureau.
The revisions stem from findings by a special investigation committee that identified misappropriation of sales revenue and cash totaling ¥9.3 million by the former CFO. As a result, the company corrected items such as sales figures, accounts receivable, bad debt provisions, and extraordinary losses related to the misconduct. Additionally, adjustments were made to reflect changes in recoverability of advertising revenue and asset acquisition accounting treatments. These corrections impacted various financial statements, leading to reduced operating profit, ordinary profit, and net income across multiple quarters in 2024 and 2025.
For instance, during the quarter ended March 31, 2024, the company's operating profit decreased by -5.5% thousand yen due to the corrections. Similarly, the lower net profit for the entire fiscal year 2024 was adjusted downward by -4.6% thousand yen compared to previously reported figures. The company’s total assets and equity also saw reductions ranging from -0.5% to -4.4% thousand yen across different reporting periods. In light of these findings, the firm has re-evaluated its internal control systems and plans to implement stricter oversight measures to prevent future occurrences.
Management remains committed to restoring investor confidence through comprehensive reforms and enhanced monitoring procedures.
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