I-Ne Receives Special Investigation Report, Assesses Impact on Prior Financials
I-ne CO (TYO:4933) is assessing the impact of a special investigation into a past trademark transaction after receiving the committee's report, according to a Friday filing on the Tokyo Stock Exchange.The probe examined whether Right Here was a related party or consolidated subsidiary in connection with a transaction conducted in the second quarter of fiscal 2022.The company expects no material impact on its consolidated financial statements, though it anticipates revisions to disclosures related to transactions with related parties.I-Ne plans to file amended securities reports for fiscal 2022 and 2023 after completing audit procedures, while reviewing whether updates to internal control reports are required. The company said it will submit its delayed securities report for fiscal 2025 by the extended deadline of May 29.CEO Yohei Onishi has offered to return 100% of his compensation until recurrence prevention measures are fully implemented, the company said, adding it will disclose further details of those measures separately.
