fujifilm delays earnings over nz unit accounting problems
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

for another embarrassing accounting scandal

Fujifilm delays earnings over NZ unit accounting problems

Arab Today, arab today

Arab Today, arab today Fujifilm delays earnings over NZ unit accounting problems

Fujifilm has shifted into businesses such as the health sector
Tokyo - Arab Today

Fujifilm is delaying the release of its financial results as it probes accounting irregularities at a New Zealand unit, raising fears Japan Inc is headed for another embarrassing accounting scandal.

The company said it is setting up an independent committee of outside experts to look into the "appropriateness of accounting practices" at subsidiary Fuji Xerox New Zealand.

It became "necessary to review certain accounting practices at Fuji Xerox New Zealand, such as the recording and recoverability of receivables related to certain sales leasing transactions", the company said in a statement Thursday.

Fujifilm -- which shifted into other businesses including the health sector after the plunge in photo film sales -- said it has so far pinpointed about 22 billion yen ($201 million) in losses tied to accounting at the division.

The announcement comes after Toshiba delayed its results repeatedly as it probes allegations of improper accounting at a US nuclear unit hammered by multi-billion-dollar losses.

Fujifilm said it would delay releasing its earnings for the just-ended fiscal year through March until an unspecified date. The results were due next week.

Fujifilm's Tokyo-listed shares fell 3.89 percent to 3,993 yen by Friday's break.

source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fujifilm delays earnings over nz unit accounting problems fujifilm delays earnings over nz unit accounting problems

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fujifilm delays earnings over nz unit accounting problems fujifilm delays earnings over nz unit accounting problems

 



GMT 10:59 2018 Friday ,07 December

Houthi militia shell commercial center in Hodeidah

GMT 21:12 2017 Sunday ,10 December

UAE, Sri Lanka advancing bilateral relations

GMT 19:21 2017 Wednesday ,08 November

Iqbal Day marked in Paris

GMT 18:14 2017 Wednesday ,31 May

A handbag? For $380k, it's yours

GMT 21:17 2017 Saturday ,21 October

EU summit to throw Britain a Brexit bone

GMT 15:45 2017 Friday ,04 August

Yemeni army liberated more areas in Shabwa

GMT 20:23 2017 Thursday ,14 September

Paul Auster tops shortlist for Man Booker prize

GMT 09:55 2017 Tuesday ,14 November

Horford leads way as Celtics win 12th straight

GMT 20:04 2018 Sunday ,02 September

Drive to teach food safety to housewives

GMT 08:54 2014 Monday ,17 November

German artist hits back at Bayreuth Festival

GMT 13:15 2018 Wednesday ,17 January

Bassil welcomes Ambassadors of Iraq, Hungary

GMT 01:05 2017 Thursday ,23 March

Strawberry prices fall to Dh10 a kilogram

GMT 08:33 2017 Tuesday ,14 February

Asian markets dip, dollar hit by Flynn resignation

GMT 15:53 2017 Wednesday ,23 August

Six dead as typhoon smashes into Macau and Hong Kong

GMT 19:43 2017 Sunday ,05 March

FNC Speaker, Irish official discuss cooperation

GMT 13:01 2017 Friday ,10 March

Hohns named as Australia chief cricket selector
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday