{
  "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": 86,
  "pageCount": 334,
  "prevPage": 85,
  "nextPage": 87,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 14,
  "notes": "The slide uses a combination of a bar chart showing inventory/sales ratio and a screenshot of the official press release regarding the auditor change to build a case for potential accounting irregularities.",
  "elementsJson": [
    "paragraph",
    "bar_chart_vertical",
    "screenshot"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-26b63f68bb16/86",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-26b63f68bb16#slide-86",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "棚卸資産が2017/2018に急送し始めた直後、監査法人が解任された",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-203d-768d-bb07-66d4806424ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.43,
        "x": 0.07,
        "y": 0.24
      },
      "kind": "chart",
      "text": "棚卸資産／売上高",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5a467fd3-2a2a-4efe-ba71-5efe7067d061",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.42,
        "x": 0.51,
        "y": 0.24
      },
      "kind": "image",
      "text": "監査法人の解任を発表するニュースリリース",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b162a99c-c420-46f0-a41a-39f14fde301d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Inventory/Sales Ratio",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-203d-768d-bb07-6944802d1ac2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.86,
        "x": 0.07,
        "y": 0.07
      },
      "kind": "paragraph",
      "text": "レーザーテックは2018年8月8日、15年間も監査法人を務めていたデロイト・トウシュ・トーマツを解任した。企業会計において、監査法人の解任は怪しい動きと見られる。なぜならば、経営陣が隠蔽したいことを監査法人が追及し、そのために監査法人が解任されるパターンが多いからだ。監査法人を解任したタイミングから、レーザーテックにもその可能性が疑われる。解任は、2018年6月期の会計年度が終了した直後だった。棚卸資産高を売上高で割った数値が急増しはじめた時期だった。レーザーテックは監査法人の異動を発表するニュースリリースで解任の理由もあげたが、そこには定型の文言しかなかった。",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e2e91522-b43e-41a2-a38b-57443ece4ae4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.07,
        "y": 0.91
      },
      "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, https://ssl4.eir-parts.net/doc/6920/tdnet/1620293/00.pdf",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3252954f-75ef-43f2-8eff-d92992e0a7f0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "fdf5e124-fea6-475b-9d59-4dbbc78592a5",
      "evidence": "The slide explicitly links a change in auditor to a suspicious spike in inventory/sales ratio to suggest accounting manipulation.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}