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Nissei Plastic Industrial Co., Ltd. Addresses Financial Reporting Deficiencies

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Nissei Plastic Industrial Co., Ltd. Addresses Financial Reporting Deficiencies

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An update from Nissei Plastic Industrial Co., Ltd. ( (JP:6293) ) is now available.

Nissei Plastic Industrial Co., Ltd. has submitted an amendment report to its internal control report following the discovery of material deficiencies in its financial reporting processes. The company identified errors in the application of exchange rates for unrealized gains, leading to corrections in its financial statements for the fiscal years ending in March 2023 and March 2024. To prevent recurrence, Nissei Plastic is implementing measures to strengthen its internal controls and monitoring systems.

More about Nissei Plastic Industrial Co., Ltd.

Nissei Plastic Industrial Co., Ltd. operates in the manufacturing industry, focusing on producing plastic processing machinery. The company is known for its expertise in injection molding machines and has a market focus on providing advanced solutions for plastic production.

Average Trading Volume: 35,129

Technical Sentiment Signal: Sell

Current Market Cap: Yen16.93B

For an in-depth examination of 6293 stock, go to TipRanks’ Overview page.

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