Kitahama Capital revises March-year results after audit flags tax asset overstatement
The company said year-end audit procedures found overstated deferred tax assets and an unrecorded valuation loss on a subsidiary's investment securities, leading to a ¥31.908 million tax-line correction and recognition of an ¥8.804 million valuation loss. The corrected filing shows a net loss attributable to shareholders of ¥1.268 billion, so this is an audit clean-up rather than a new operating surprise.