Unauthorized Transactions at KDDI Subsidiary; Estimated Outflow of Approximately 33 Billion Yen
KDDI has reported potential unauthorized transactions at its subsidiary's advertising agency, resulting in an outflow of about 33 billion yen, with focus shifting to the destinations of these funds and underlying motives.
KDDI subsidiary involved in fictitious transactions falsely accounting 246 billion yen in total sales
KDDI's subsidiary Big Globe has been implicated in fictitious transactions leading to the over-reporting of approximately 246 billion yen in total sales for the group up to this fiscal year.
KDDI allegedly overstates sales by 246 billion yen due to fictitious advertising transactions
KDDI has announced that its subsidiaries, Biglobe and G-Plan, overstated revenues by approximately 246 billion yen through fictitious advertising transactions that involved non-existent clients.