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Key Coffee Inc. ( (JP:2594) ) just unveiled an announcement.
Key Coffee Inc. announced the submission of an amendment report to address material issues in its internal controls over financial reporting for the fiscal year ending March 31, 2025. The company identified significant errors related to its new core system, which led to the over-reporting of inventory value and understated cost of sales. This was due to failures in implementing company-wide internal controls, inadequate IT controls, and insufficient verification procedures. The announcement highlights the company’s efforts to rectify these issues, which have implications for its financial reporting and stakeholder trust.
The most recent analyst rating on (JP:2594) stock is a Hold with a Yen2092.00 price target. To see the full list of analyst forecasts on Key Coffee Inc. stock, see the JP:2594 Stock Forecast page.
More about Key Coffee Inc.
Key Coffee Inc. operates in the coffee industry, focusing on the production and distribution of coffee products. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to quality and innovation in the coffee sector.
Average Trading Volume: 85,819
Technical Sentiment Signal: Buy
Current Market Cap: Yen43.42B
Find detailed analytics on 2594 stock on TipRanks’ Stock Analysis page.