ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

Japan Inc. reports record cases of faulty bookkeeping

Several occurred in China and other offshore locations

Daiwa House Industry President Keiichi Yoshii apologizes with another executive in March over an accounting scandal at a Chinese subsidiary.   © Kyodo

TOKYO -- An all-time high of 64 listed Japanese corporations have reported cases of accounting irregularities so far this year -- a trend pointing to the need for tougher oversight at rapidly expanding multinationals.

The total, based on disclosures released through Saturday, represents a 170% increase over the past decade. Cases include irregular accounting that may impact financial statements, as well as bookkeeping scandals by executives and lower-level employees. Data provider Tokyo Shoko Research conducted the study.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more