Yokohama Reito amends past financials after internal audit

Yokohama Reito has corrected several financial statements from its 77th and 78th fiscal years (ending September 2024 and 2025, respectively) following an internal audit and auditor recommendations. The corrections address errors in the consolidated cash flow statements, segment information, and notes related to non-cancelable operating lease obligations and accumulated depreciation of tangible fixed assets. These adjustments were submitted as amended annual and semi-annual securities reports to the Kanto Local Finance Bureau on December 19, 2025.

The company identified discrepancies in its cash and cash equivalents, resulting from misinterpretations of scope, and transcription or calculation errors in segment data. Notes on non-cancelable operating lease obligations and accumulated depreciation were also found to be incorrect. While these corrections affect various financial periods and report types, the company stated there was no impact on its profit and loss statements.

Yokohama Reito emphasized that it is taking steps to prevent recurrence by revamping its manuals and strengthening its management and oversight systems for accounting and finance across its group. This comprehensive correction includes updates to quarterly financial reports and other disclosures issued throughout the affected periods.