Visteon Corporation restating P&L for the last three years

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-21-2005/0004174908&EDATE=

As previously reported, the Audit Committee -- which retained Paul, Weiss,
Rifkind, Wharton & Garrison LLP, as outside counsel, who retained Navigant
Consulting, as forensic accountants -- determined that certain expenses for
freight, raw materials and other supplier costs originating in North America
were recorded in periods after December 31, 2004, and should have been
recorded in prior periods; the company's management has concurred in that
determination. Based on the results of this review, the company concluded
that its financial statements for the years ended December 31, 2004, 2003 and
2002 included in its 2004 Form 10-K (and the related 2004 Management Report on
Internal Control Over Financial Reporting) should no longer be relied upon,
and that restatements will be required for these periods.

Another automobile supplier is in trouble. Cut-off problem in

Do they have an office in Japan?

http://www.visteon.com/jp/news/2004_top.html

2004年から更新してないや。

何が不味かったのか後で読み返して整理したい。