Japan's Hazama Ando found to have under-reported income -reports [Reuters]
TOSHIBA CORP UNSP/ADR (TOSYY)
NASDAQ:AMEX Investor Relations:
toshiba.co.jp/about/ir/en/finance/index.htm
Company Research
Source: Reuters
Japan's Hazama Ando found to have under-reported income: reports TOKYO (Reuters) - Japanese tax authorities have found construction company Hazama Ando Corp under-reported income for years by booking fraudulent costs, media reports said on Saturday. The reports, citing people familiar with tax authorities, said the builder was found to have under-reported income by around 250 million yen ($2.30 million) in the five years ended March 2018. “Tens of employees” asked subcontractors for inflated or fictitious construction bills, and were repaid in cash once payments were made, Asahi Shimbun reported. The employees then used the cash for dining and other personal purposes, it said. Calls to Hazama Ando’s general number in Tokyo were not answered on Saturday, although public broadcaster NHK said the company confirmed that authorities found irregularities. Japan tax officials were not immediately available for comment. Fraud and accounting scandals have been recurring problems among Japanese
Show less
Read more
Impact Snapshot
Event Time:
TOSYY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TOSYY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TOSYY alerts
High impacting TOSHIBA CORP UNSP/ADR news events
Weekly update
A roundup of the hottest topics