TOKYO, Jun 01 (Pulse News Wire) – Nichiryoku CO.,LTD. (7578.T) received an unqualified audit opinion from its auditor, KPMG Hibiscus, regarding its fiscal year ended March 31, 2026.
Due to insufficient and appropriate audit evidence, the company's financial statements for the period from April 1, 2025, to March 31, 2026, could not be fully verified. As a result, the company will seek shareholder approval for the financial statements at its upcoming annual general meeting. The delay in providing necessary documentation led to incomplete audit procedures, leaving uncertainties around the company’s ability to continue operations.
Additionally, significant operating losses and requests for loan repayment extensions further complicate the situation. Despite these challenges, the company remains committed to addressing the issues promptly and sincerely apologizes for any inconvenience caused to shareholders and investors. Moving forward, NichiRoku will take strict measures to address the reasons behind the unqualified audit opinion and ensure transparency in future reporting processes.
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