Fuji Electric recorded sales of more than 24 billion yen 23:07 on January 30 with fictitious transactions
Fuji Electric, a major electric power company, revealed that a fictitious transaction involving an IT subsidiary had generated more than ¥ 24 billion in sales. Several companies, including Toshiba's subsidiaries, seem to be involved in this fictitious transaction, and each company is conducting an investigation.
The fictitious transaction was conducted by Fuji Electric IT Solutions, a subsidiary of Fuji Electric, which develops IT systems for companies and public institutions.
According to a survey by Fuji Electric, from March 2015 to October last year, there were a total of 38 imaginary transactions that had no substance, and as a result, the company's sales were 24.2 billion yen more than it was actually.
In dealing with the problem, when a subsidiary of Fuji Electric's subsidiary sold IT equipment and software to another company, the subsidiary intervened in a role such as providing credit, but as a result of the investigation, There was no evidence that the customer shipped the product to another company.
The subsidiary did not know the details of the transaction just because he received an explanation from the business partner that the ultimate buyer of the product was a highly confidential government agency, so no evidence was found that the employee in charge was fraudulent And
Fuji Electric commented, "I am deeply afraid to share our concerns with our shareholders." Several companies, including Toshiba's subsidiary, Toshiba IT Services, seem to have been involved in this fictitious transaction, and each company is conducting a survey.