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Sharp's smartphone camera lens biz Kantatsu blurred its finances, invented deals worth $84m • The Register

Foxconn-owned outfit claimed non-existent sales as revenue. Apologies and promises to do better all ‘round
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Foxconn-owned Sharp has re-issued recent financial results after it found that its subsidiary Kantatsu cooked the books.
Kantatsu makes lenses for smartphone cameras and is known to have Apple and Huawei among its customers.
But from 2018 onwards the company did dodgy things like booking sales as complete even though the deals offered the possibility that customers could return products. From early 2020 the company booked sales even though no purchase order had been received.
Toshiba formally and finally exits laptop businessREAD MORE
Both Sharp and its parent company Foxconn are publicly traded, so the fraud meant that investors were misled. ....

Foxconn Owned Sharp , போக்ஷ்கொன்ங் ஓஂட் கூர்மையான ,

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