In accounting Fujifilm revealed violations

Shares of Fujifilm Holding at the end of this week fell by more than 4% when it became known that in accounting, the Japanese manufacturer revealed violations. According to one of the sources of violations in Australian and Japanese branches of the company.

It is expected that correcting the «errors» will result in the loss of from 270 to 450 million dollars.

Earlier Fujifilm detained annual report. As you know, Japanese companies fiscal year ends March 31. However, the need to deal with violations of forced to postpone the publication of the report. The results of the audit conducted by third-party accountants and lawyers, was handed over to the company yesterday, June 12, Fujifilm promises to make public the full text of the report. At the same time should be published and the annual report.

Sources: Reuters, Fujifilm

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