BOOKOFF GROUP HOLDINGS LIMITED (JP:9278) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BOOKOFF GROUP HOLDINGS LIMITED is investigating improper financial activities in some of its stores, including fictitious purchases and inventory irregularities, with 70 million yen in improper inventory recording identified so far. An independent committee is conducting a detailed analysis and a survey among all company group employees to uncover any further misconduct. The company has apologized for the inconvenience caused to stakeholders and will release further findings upon completion of the investigation.
For further insights into JP:9278 stock, check out TipRanks’ Stock Analysis page.