TOKYO, Jun 26 (Pulse News Wire) – Otake Corporation (7434.T) announced that the release of its fiscal year 2026 results, originally scheduled for July 14, 2026, would exceed the typical 50-day post-year-end deadline due to ongoing investigations into revenue recognition issues related to agent transactions. The company established a special investigation committee comprising external experts and independent directors to ensure thorough and objective scrutiny.
Despite continuous efforts, the completion of appropriate accounting procedures necessitates additional time, leading to the delayed disclosure. Otake expects to provide further updates on the revised release schedule once the investigation progresses.
Additionally, the firm plans to promptly disclose the findings of the special investigation committee upon receipt of their final report. Investors are advised to monitor future communications for updated timelines and detailed outcomes.
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