According to MoneyDJ reports, due to factors such as fraudulent accounting by its optical lens subsidiary Kantatsu, Sharp once again postponed the announcement of its mid-term operating plan.

Sharp President and CEO Dai Zhengwu stated in a letter to employees that the mid-term operation plan scheduled to be announced before the end of March 2021 will be postponed again, mainly because Kangdazhi’s fraudulent accounts led to the previous quarter (October-December 2020) The financial report is postponed (postponed to March 12), and the impact of the spread of the COVID-19 epidemic.

It is reported that Sharp initially planned to announce the mid-term operation plan in May 2020, but later on April 28, 2020, the announcement time will be postponed to the end of March 2021, and now it is once again postponed.

Sharp announced on March 12 that an investigation committee composed of lawyers, certified accountants, etc., conducted an investigation and confirmed that Kangdazhi had improper accounting treatment, errors and improper incidents, including false reports of sales without customer orders and other transaction fraud. From April 2018 to September 2020, the direct impact on the Sharp Group’s revenue totaled approximately 7.5 billion yen.

The report pointed out that Kangdazhi became a subsidiary of Sharp in March 2018 and was appointed by Sharp as the president, and the president of Sharp’s background exerting downward pressure to achieve performance goals was regarded as one of the reasons for its fraudulent accounts.