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Access Co., Ltd. ( (JP:4813) ) has issued an announcement.
Access Co., Ltd. announced the receipt of an investigation report from a Special Investigation Committee regarding improper sales recognition and accounting practices at its U.S. subsidiary, IP Infusion Inc. The investigation revealed issues such as premature sales recognition and overstatement of software assets, necessitating corrections to past financial statements. These findings may impact the company’s financial performance and require adjustments to previously reported figures, potentially affecting stakeholders’ trust and the company’s market position.
More about Access Co., Ltd.
Access Co., Ltd. operates in the network business segment, focusing on software solutions and services. The company is involved in providing network-related products and has a market presence through its U.S. subsidiary, IP Infusion Inc.
Average Trading Volume: 233,709
Technical Sentiment Signal: Sell
Current Market Cap: Yen34.12B
Find detailed analytics on 4813 stock on TipRanks’ Stock Analysis page.