TOKYO, May 29 (Pulse News Wire) – J.e.t.co.,ltd. (6228.T) disclosed today that it has amended its internal control reports for fiscal years ending December 31, 2023, and December 31, 2024, due to accounting irregularities identified through a special investigation committee.
The company submitted corrected reports to the Chugoku Finance Bureau and revised its previous financial statements accordingly. The irregularities involved improper manipulation of revenue recognition periods for multiple semiconductor cleaning devices from December 2022 to December 2024. As a result, the company's former president, Masayuki Hono, and two other directors, Takashi Masuda and Satoshi Ito, resigned effective July 15, 2026.
Additionally, the board plans to appoint new directors focused on enhancing governance and compliance during a special shareholders’ meeting scheduled for September 2026. To address these issues, J.e.t.co.,ltd. will implement several measures, including revising sales reporting standards, establishing a comprehensive approval process involving the finance department, and conducting regular compliance training for all employees.
These steps aim to strengthen overall internal controls and prevent future accounting discrepancies.
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