The latest update is out from SCREEN Holdings Co ( (JP:7735) ).
SCREEN Holdings Co., Ltd. has announced measures to prevent recurrence and disciplinary actions following an investigation into improper revenue recognition practices at its subsidiary, SCREEN Semiconductor Solutions Co., Ltd. The investigation revealed that revenue was recognized upon delivery of equipment rather than installation, leading to discrepancies in financial reporting. The company is committed to implementing corrective measures to restore stakeholder trust and address the identified issues in its accounting practices.
More about SCREEN Holdings Co
SCREEN Holdings Co., Ltd. operates in the semiconductor production equipment industry, focusing primarily on equipment for semiconductor manufacturing. The company is known for its advanced technology solutions and holds a significant position in the global market for semiconductor equipment.
YTD Price Performance: 36.81%
Average Trading Volume: 850
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.24B
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