TOKYO, Mar 16 (Pulse News Wire) – Bml,inc. (4694.T) announced today that it has submitted corrected reports for previous fiscal years' securities reports and amended past interim reports due to accounting errors related to retirement benefit calculations.
The corrections affect financial statements from fiscal years 2020 through 2025 and semiannual and quarterly reports up to the end of March 2026. The company identified discrepancies in its accounting treatment and reporting of retirement benefits, leading to incorrect asset and liability entries. Specifically, excess pension assets should have been recorded as assets, while retirement liabilities should have been recognized as liabilities. Instead, net balances were incorrectly classified as liabilities. The adjustments impact total assets and liabilities but do not affect reported profits.
Key figures affected include: - Fiscal Year: Total assets increased by ¥3.788 billion; liabilities rose by ¥3.587 billion. - Fiscal Year: Total assets grew by ¥3.961 billion; liabilities increased by ¥3.961 billion. - Fiscal Year: Total assets rose by ¥3.788 billion; liabilities climbed by ¥3.788 billion. - Fiscal Year: Total assets increased by ¥5.392 billion; liabilities rose by ¥5.392 billion. - Fiscal Year: Total assets grew by ¥5.366 billion; liabilities increased by ¥5.366 billion.
The company apologized for any inconvenience caused to shareholders and investors.
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