TOKYO, Apr 27 (Pulse News Wire) – Mikuni Corporation (7247.T) postponed its fiscal year 2026 results announcement due to the discovery of fraudulent activities by employees at overseas subsidiaries. During the audit process, irregularities were identified, leading to ongoing investigations into the extent of the fraud and necessary adjustments.
As a result, the initial planned release date of May 11 has been delayed indefinitely until further notice. The company launched an internal investigation team with external experts to determine the specifics of the misconduct, which includes false transactions and improper handling of payment documents. The precise duration and impact of these actions remain under scrutiny.
Mikuni stated that it deeply regrets causing concern among stakeholders and will promptly disclose any additional findings as the investigation progresses. In light of the ongoing review, Mikuni's management acknowledged the potential for significant delays beyond the typical 50-day post-year-end reporting window. The firm emphasized its commitment to thorough examination and corrective measures, including strengthening internal controls and governance structures to prevent future occurrences.
🟢 Confidence: High AI-translated content.