[HIGHLIGHTS] JOC additional tax of approximately 2 billion yen; tax error pointed out in investigation by Tokyo Regional Taxation Bureau

JOC additional tax of approximately 2 billion yen; tax error pointed out in investigation by Tokyo Regional Taxation Bureau. JOC = Japanese Olympic Committee Managing Director Takahiro Kitano claimed that there was a difference of opinion with the Tokyo Regional tax bureau.

The company outsourced the process to a tax accountant corporation to obtain an appropriate opinion on how to record income and expenditures. The NTA's findings this time are truly regrettable, but the accounting procedures should be changed. "We want to prevent this from happening in the future," Kitano said.