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Yes, but where can we find a graph and explanation similar to that twitter post? Google Translate isn't really getting the implications across clearly for me.
by Alupis 6y ago
Yes, but where can we find a graph and explanation similar to that twitter post? Google Translate isn't really getting the implications across clearly for me.
Obviously Profit can't exceed Revenue, but how did they do this?
- numpad0 6y ago> It appears there were paper tradings at Toshiba subsidiary “Toshiba IT Services” which reminds me the legendary Toshiba accounting fraud. The legendary one that the waves compounded from excess manipulation, to the point that the operational profit surpassed sales figures. The tweet I quoted was about a newly discovered incident but the chart is from 2015. Sorry but that was the best link I could find at that time. In that instance at P.C. sales in 2008-2015, IIRC, the employees were forced to “do challenges” to meet the predetermined goals by the end of fiscal year(31st March in Japan). But the target wasn’t realistic and “challenges” became a synonym for various manipulation inside the corporate, from relabeling future sales to forging documents. That led to yearly pulse right at the end of FY and scheduled YoY growth on paper.
- phire 6y agoLooks like they simply moved profit from the first two months in the quarter into to the last month. The profit only exceeded the monthly revenue, not the quarter average.