TOKYO, Mar 17 (Pulse News Wire) – Sanki Engineering CO.,LTD. (1961.T) disclosed today that a former employee misappropriated company funds privately during their tenure from 1999 to 2012.
The total damage amount is approximately ¥50 million. The company stated that while the impact on past financial statements was minor, adjustments would be made in the current fiscal period. There are currently no indications of involvement by anyone other than the former employee.
Sanki Engineering maintains its previous earnings forecast remains unchanged. In response to this incident, the company has taken strict disciplinary action against the former employee according to internal regulations and is actively working towards recovering the damages. To prevent future occurrences, Sanki Engineering is enhancing oversight mechanisms, strengthening monitoring and early detection systems, and reinforcing role segregation and regular audits.
The company deeply regrets the inconvenience caused to shareholders and investors and is committed to restoring trust through these measures.
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