Nitto Kohki Co., Ltd. (JP:6151) has released an update.
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NITTO KOHKI CO., LTD. has established a Special Investigation Committee to probe into the overstatement of inventory asset balances by its subsidiary TOCHIGI NITTO KOHKI. The committee, composed of outside experts, aims to clarify the impact on the company’s financial statements and prevent future occurrences. The company has apologized for any inconvenience caused to stakeholders and will promptly disclose the investigation’s findings.
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