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AEON Financial Service Co ( (JP:8570) ) has issued an update.
AEON Financial Service Co., Ltd. has submitted amended reports for the previous fiscal year’s securities and financial statements due to identified deficiencies in internal control over financial reporting. The company discovered inappropriate accounting practices at its newly acquired subsidiary, Post and Telecommunication Finance Company Limited (PTF), which necessitated a reevaluation of PTF’s assets and a retroactive revision of related accounting practices. AEON Financial Service is taking steps to strengthen its internal controls and prevent future occurrences by enhancing risk evaluation processes and improving financial reporting procedures.
The most recent analyst rating on (JP:8570) stock is a Hold with a Yen1100.00 price target. To see the full list of analyst forecasts on AEON Financial Service Co stock, see the JP:8570 Stock Forecast page.
More about AEON Financial Service Co
AEON Financial Service Co., Ltd. operates in the financial services industry, focusing on providing a range of financial products and services. The company is involved in various financial operations, including credit and banking services, with a market focus that includes both domestic and international markets.
Average Trading Volume: 810,301
Technical Sentiment Signal: Buy
Current Market Cap: Yen290.8B
Learn more about 8570 stock on TipRanks’ Stock Analysis page.