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Access Co., Ltd. ( (JP:4813) ) just unveiled an update.
Access Co., Ltd. has submitted amended internal control reports for fiscal years 2021 to 2024 due to significant inadequacies in financial reporting, particularly involving its U.S. subsidiary, IP Infusion Inc. The amendments were necessitated by improper sales recognition and overstatement of software assets, which were discovered through an investigation revealing management involvement in these discrepancies. This development highlights critical internal control weaknesses that could impact financial stability and stakeholder trust.
More about Access Co., Ltd.
Access Co., Ltd. operates in the technology industry, focusing on network solutions and software services. The company is known for its involvement in the development and distribution of software and network-related products, with a significant market presence in Japan and international subsidiaries, including IP Infusion Inc. in the U.S.
Average Trading Volume: 233,709
Technical Sentiment Signal: Sell
Current Market Cap: Yen34.12B
Learn more about 4813 stock on TipRanks’ Stock Analysis page.