Outsourcing Inc. (2427:TYO) Chairman and CEO Haruhiko Doi on Monday released a message in English addressing measures taken in the wake of a revision of previous financial results in August and discussing conditions going forward.

The company formed a recurrence prevention committee, which Doi will chair.

“The committee holds the meeting twice a month and is implementing measures to prevent recurrence stipulated in the improvement report, such as raising compliance awareness, strengthening the internal control division, strengthening collaboration with the group’s management and administration divisions, and reviewing accounting rules and accounting systems,” Doi wrote.

However, Doi also noted Outsourcing’s consolidated revenue posted its highest performance in the first half despite lockdowns in Shanghai, supply chain disruptions and inflation.

Revenue in Outsourcing’s engineering outsourcing business in Japan was slightly lower than initial forecast, he noted. However, the company’s engineering outsourcing business in Ireland and Oceania is continuing to drive business performance with revenue and operating profit exceeding forecasts.

In terms of history, the company on 15 August announced partial amendments to results for its fiscal first half ended 30 June. The revised revenue number was JPY 325.132 million (USD 2.38 billion) for a year-over-year increase of 22.9%. The original report — released on 5 August — was for revenue of JPY 325.383 million (USD 2.39 billion) for a year-over-year increase of 23.0%.

Profit attributable to owners of the parent was revised to JPY 3.898 million (USD 28.6 million), a year-over-year decrease of 30.6%. The original report was profit of JPY 4.296 million (USD 31.5 million) for a decrease of 23.5%.

The revision was the result of a look at SL Group, a consolidated subsidiary of Outsourcing in Chile, according to the company.

For the full year, revenue is still forecast to increase 22.1%.