OKI’s Cooked Books Cost Firm ¥30.8 Billion; Q1 Sales Up but Net Loss Widens

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On September 11, OKI released details of an external committee’s investigation into “improper accounting” at Oki Systems Ibérica S.A.U. (OSIB). Days later, on September 14, the firm reported its financial results for the first quarter of the current fiscal year. As a result of its successful Q1 filing, which had been delayed pending the findings

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