HIS corrects past financial statements, impacting prior performance

HIS (TSE:9603) announced corrections to its past financial statements, impacting performance metrics across multiple fiscal years. The adjustments mainly affected figures related to operating profit, net profit attributable to the parent company, and net assets. For example, the net profit attributable to owners of parent for the year ended October 2020 was revised from JPY -25,037 million to JPY -27,008 million, representing a 7.9% change. Similarly, net assets as of the second quarter of fiscal 2022 were adjusted from JPY 45,402 million to JPY 36,919 million, a decrease of 18.7%. The company states these revisions are corrections to previous reports.