木徳神糧株式会社 財務報告に係る内部統制の不備に関するお知らせ

This document informs about a significant deficiency in internal controls related to financial reporting identified in the internal control report submitted by Kitoku Shinryo Co., Ltd. to the Kanto Finance Bureau on March 27, 2025. The report highlights a substantial discrepancy between the book value and actual balance of inventory, indicating that internal controls were not functioning effectively. An internal investigation revealed overstatement of inventory and understatement of cost of goods sold. The company plans to strengthen internal controls and implement measures to prevent recurrence.