Access delays FY2025/1 earnings release amid investigation

Access Corp. (TSE:4813) announced the delay of its FY2025/1 earnings release, citing the continuing investigation by its Special Investigation Committee. The committee was formed in November 2024 to examine potential accounting irregularities related to revenue recognition within the company's U.S. subsidiary's network business. The investigation was triggered by concerns regarding the extended collection period for certain receivables, primarily from new customers. The company stated that the timing for the conclusion of the investigation and subsequent earnings announcement remains uncertain. Access is working to cooperate fully with the committee and prepare for the timely release of its financial results, including the delayed Q3 results.