TOKYO, May 15 (Pulse News Wire) – Tokai Rika CO.,LTD. (6995.T) amended its previous financial reports due to an accounting error discovered in the tax effect accounting related to retirement benefits for fiscal year ending March 2026.
The company submitted corrected securities reports for fiscal years 2020 through 2025 and interim reports for those periods to the Kanto Finance Bureau. Additionally, corrections were made to quarterly and semi-annual reports for fiscal years 2023 and 2024. The adjustments impacted key financial metrics such as operating profit, ordinary profit, and net income. For instance, in fiscal year 2021, the previously reported operating profit was adjusted downward by 106 million yen, while the net income decreased by 508 million yen.
Similarly, in fiscal year 2022, the operating profit saw a decrease of 203 million yen, and net income fell by 588 million yen. Overall, the cumulative impact across multiple fiscal years resulted in significant changes to the company's financial statements, affecting total assets and equity positions. Notably, total assets were reduced by up to 580 million yen, and shareholders’ equity declined by up to 7,225 million yen in certain periods. The company deeply regrets any inconvenience caused to stakeholders and apologizes for the oversight.
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