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Nissei Plastic Identifies Internal Control Inadequacies, Implements Corrective Measures

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Nissei Plastic Identifies Internal Control Inadequacies, Implements Corrective Measures

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Nissei Plastic Industrial Co., Ltd. ( (JP:6293) ) just unveiled an announcement.

Nissei Plastic Industrial Co., Ltd. has identified significant inadequacies in its internal control over financial reporting, particularly concerning foreign exchange rate applications and reconciliation processes with overseas subsidiaries. The company is implementing measures to rectify these issues, including simplifying operations, enhancing monitoring systems, and strengthening internal audits, to ensure accurate financial reporting and maintain stakeholder trust.

More about Nissei Plastic Industrial Co., Ltd.

Nissei Plastic Industrial Co., Ltd. operates in the manufacturing industry, focusing on the production of plastic processing machinery. The company is known for its expertise in injection molding machines and serves a variety of markets requiring high-precision plastic components.

Average Trading Volume: 35,129

Technical Sentiment Signal: Sell

Current Market Cap: Yen16.93B

For detailed information about 6293 stock, go to TipRanks’ Stock Analysis page.

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