TOKYO, Jun 04 (Pulse News Wire) – Nichiryoku CO.,LTD. (7578.T) explained today the reasons behind the audit opinion disclaimer for its fiscal year ending March 2026.
The disclaimer was issued due to delays in submitting necessary documents to the auditor, which prevented completion of the required audit procedures by the deadline. This delay stemmed from extensive corrections made to previous fiscal year's financial statements rather than any misconduct or significant accounting errors. Regarding the impact, Nichiroku plans to address the issue at its annual shareholders’ meeting scheduled for June 29, 2026.
According to the Company Law, the meeting will amend the agenda to seek approval for the 2026 March-term financial statements instead of merely reporting them. Additionally, the company assures investors that it is working diligently to ensure timely submission of important securities reports compliant with the Financial Instruments and Exchange Act. Nichiroku extended sincere apologies to its shareholders and investors for causing concern and inconvenience.
The firm pledged to expedite the remaining audit processes and promptly disclose any further developments requiring public notice.
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