{
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  "documentTitle": "Lasertec Corporation (6920)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-06-05 00:00:00",
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  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 100,
  "notes": "The slide uses historical financial data to illustrate how accounting manipulation (hiding losses via goodwill/investments) manifests in balance sheet ratios.",
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      "kind": "callout",
      "text": "粉飾決算が暴露された2011年の3年前のれん・投資が総資産の44%まで急増した。",
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      "text": "Goodwill and Investment as % of Total Assets: 44%",
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      "kind": "paragraph",
      "text": "例えば、2011年にオリンパスで発覚した不正会計は、日本における史上最大級の粉飾決算事件となった。...",
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      "kind": "source-note",
      "text": "出典：スコーピオン・キャピタルによる推定及び分析, S&P Capital IQによるデータ",
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      "text": "Financial table showing asset composition from 2004 to 2013",
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      "text": "粉飾決算が暴露された2011年の3年前にのれん・投資が総資産の44%まで急増した。",
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      "text": "オリンパスの総資産の構成（100万円）",
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