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COLOPL Adjusts Past Financial Reports Amid Calculation Errors

COLOPL Adjusts Past Financial Reports Amid Calculation Errors

COLOPL (JP:3668) has released an update.

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COLOPL, Inc. has submitted correction reports to amend previous financial statements due to discovered errors in profit and sales calculations for past fiscal years. The corrections include an overstatement of sales by 130 million yen and an understatement of the cost of sales by 90 million yen, with the audit confirming the accuracy of these adjustments. The company’s diligent revisions ensure transparency and accuracy in financial reporting, maintaining investor confidence.

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