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Fujitsu subsidiary dinged for booking fictitious sales

Darren Murph

While you may assume that three's company, it looks like Fujitsu Kansai Systems has little choice but to join the dubious trio in yet another round of bookkeeping scandals. Aside from questioning the quality of accounting curriculums in Japan, parent company Fujitsu is being faced with news that one of its subsidiaries allegedly "booked fictitious sales," and while we're sure it wishes the slight dip in stock prices were the only consequence, we're also hearing that "other companies may be involved with the bogus accounting at the software-consulting and sales unit." Of course, spokespersons for the company simply reiterate that investigations are ongoing, but at least one instance of circular sales involving NAJ has reportedly been divulged. So, who's next? [Warning: Read link requires subscription]

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