{ "docId": "019dd923-622c-750b-8b9a-26b63f68bb16", "docSlug": "9abaa7a9bbfc", "documentTitle": "Lasertec Corporation (6920)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-06-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 68, "pageCount": 334, "prevPage": 67, "nextPage": 69, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 4, "notes": "The slide uses the Toshiba accounting scandal as a precedent to critique inventory valuation practices, specifically mentioning Lasertec as a potential practitioner of similar methods.", "elementsJson": [ "paragraph", "bullet_list" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/68", "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-68", "components": [ { "bbox": { "h": 0.15, "w": 0.4, "x": 0.53, "y": 0.61 }, "kind": "callout", "text": "同じ棚卸資産でも、完成品は営業部門の管轄で、原材料と仕掛品は製造部門の管轄だった。また、会社には簿価を想定される処分価値に合わせて切り裂ける基準があったものの、一部の完成品の棚卸資産についてはその基準を遵守しなかった。", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fbeaed1c-0b53-498c-bd0f-5618cb2a97a9", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "棚卸資産の評価を偽り、いずれ対応せねばならない減損処理を延期できている間は、会社は利益、株主資本、資産を誇大に計上できる。", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-64d3-706e-a467-791151bc0c93", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.86, "x": 0.07, "y": 0.32 }, "kind": "list", "text": "調査の対象範囲: 半導体事業における在庫の評価に係る会計処理の適切性を調査の対象範囲とした。具体的には、東芝からの具体的な委嘱事項に基づき、以下の3点について検討した。2013年度に廃棄されたASIC在庫（約45億円）および未廃棄ASIC在庫の会計上の損失計上時期の適切性。2013年度に廃棄されたSRPJ在庫（約34億円）および未廃棄SRP在庫（約30億円）の会計上の損失計上時期の適切性。2011年度以降に実施している中の前工程のTOV改訂に伴う原価計算の適切性。", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d555011d-a078-46db-b524-abb121d8614d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.75, "x": 0.07, "y": 0.52 }, "kind": "paragraph", "text": "2016年12月 Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016) 不正会計と会計基準：東芝の不正会計の案件 ACCOUNTING FRAUD AND ACCOUNTING STANDARDS: THE CASE OF TOSHIBA'S FRAUDULENT ACCOUNTING", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "31da2d6d-4a88-4ecb-a49b-d78cdc80a428", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.3, "x": 0.07, "y": 0.26 }, "kind": "paragraph", "text": "2015年7月20日 株式会社東芝 第三者委員会 調査報告書（抜粋、245頁）", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6e0d20b6-5cdf-4901-a52b-4cfe6951fc5f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.45, "x": 0.07, "y": 0.61 }, "kind": "paragraph", "text": "related to cost accounting. In the treatments with no relation to cost accounting, inventory was classified as finished goods inventories which is under the management of the Sales department, and raw materials or works in process which are under the management of Operations (p. 249) and thus, outside the scope of revaluation (p. 253). Furthermore, a part of the finished goods inventories did not devalue in conformity with the method of devaluing book value to the expected disposal value (p. 255). In the investigation report, it was said that for most of the inventory, losses were recognized for accounting purposes for the first time at the time of disposal (p. 245); to begin with, neither was there an accounting rule nor were there similar de", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b5f0c08d-2c48-4cb1-b9e4-c3a4a9cab0da", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "paragraph", "text": "完成品の棚卸資産などの資産価値が減少していたとしても、会社は元の簿価で貸借対照表に計上しつづけることができる。これは不正会計のさらなる手口だ。また、会社は完成品の棚卸資産を、仕掛品あるいは原材料及び貯蔵品として分類することもある。これも不正会計の手口であり、レーザーテックはこの手口を不器用にも使っている。棚卸資産の評価を偽り、いずれ対応せねばならない減損処理を延期できている間は、会社は利益、株主資本、資産を誇大に計上できる。2015年に発覚した東芝の粉飾決算事件では、半導体事業における棚卸資産高の誇大計上、それに基づく利益操作が事件の大部分を占めた。", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ff89a560-f18f-4ef3-9ca6-a3829194e2ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "related to cost accounting. In the treatments with no relation to cost accounting, inventory was classified as finished goods inventories which is under the management of the Sales department, and raw materials or works in process which are under the management of Operations (p. 249) and thus, outside the scope of revaluation (p. 253). Furthermore, a part of the finished goods inventories did not devalue in conformity with the method of devaluing book value to the expected disposal value (p. 255). In the investigation report, it was said that for most of the inventory, losses were recognized for accounting purposes for the first time at the time of disposal (p. 245); to begin with, neither was there an accounting rule nor were there similar de — Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-64d3-706e-a467-7fbac7098b41", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.5, "x": 0.07, "y": 0.91 }, "kind": "source-note", "text": "出典: https://www.global.toshiba/content/dam/toshiba/migration/corp/irAssets/about/ir/jp/news/20150721_1.pdf https://www.atlantis-press.com/proceedings/icaat-16/25864764", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "19819ea9-0250-4d83-b356-bbc51701818a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [ { "to": 80, "from": 50, "name": "The Reveal", "slug": "05-the-reveal", "bestFor": "Product launches, strategic pivots, unexpected findings", "matchId": "9a2dcd01-85f5-4466-8256-4cc55854d4b5", "evidence": "The deck provides detailed information on technical problems.", "position": 1, "objective": "To expose technical issues with Lasertec's products", "structure": "Setup the Question -> Build Suspense -> The Big Reveal", "confidence": 0.6, "description": "Build mystery and anticipation, then deliver a surprising or powerful conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }