TOKYO, Jun 29 (Pulse News Wire) – Bemap,inc. (4316.T) disclosed that there was a significant deficiency in its internal control over financial reporting for the fiscal year ending March 2026.
The company submitted its internal control report to the Kanto Finance Bureau on June 25, 2026, which identified issues related to the valuation of inventory assets for sales communication devices purchased in June 2025. During the audit process for the fiscal year ended March 2026, it was found that the evaluation did not adequately account for low sales progress against initial plans. As a result, the company decided to revise its accounting treatment post-May 14, 2026 earnings announcement. Specifically, the company recognized that the lack of sales performance data since April 2026 indicated poor realization prospects despite previous optimistic forecasts.
Consequently, the company determined that a markdown was necessary due to insufficient evaluation processes. To address this issue moving forward, BeMap will implement more rigorous checks on inventory asset valuations based on realistic sales projections. Each quarter, responsible personnel will review recovery plans, obtain approval from department heads, and ensure detailed cooperation strategies with manufacturers are in place. The necessary adjustments resulting from this material weakness have been fully reflected in both the non-consolidated financial statements and the consolidated financial statements.
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