VALUE CREATION CO.,LTD. [9238.T]
TOKYO, May 29 (Pulse News Wire) – Value Creation CO.,LTD. (9238.T) reported special losses totaling ¥180 million due to impairment charges related to goodwill and fixed assets stemming from fraudulent transactions identified during its fiscal year ending February 28, 2026.
The company disclosed that certain transactions with major trading partners involved fictitious circular dealings, necessitating adjustments to revenue and accounting treatments across multiple fiscal years. As a result, sales associated with these transactions were canceled and reclassified as extraordinary income. Additionally, the entire amount of receivables from G-Plan Corp., totaling ¥215 million, was also reversed, leading to operating losses and further impairment losses being recognized as special items.
In a separate announcement dated May 7, 2026, the company received a report from a special investigation committee confirming the existence of such fraudulent activities. On May 8, 2026, the company published the public version of the investigative report and announced measures to cease future dealings with G-Plan Corp. These adjustments have been fully reflected in the company’s financial statements for the fiscal year ended February 28, 2026.
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