Ufotable CEO Admits to Committing Tax Fraud in First Day

Date:

Spread the love

Ufotable CEO Hikaru Kondo admitted to intentionally misreporting cafe and merchandise store sales numbers during the first hearing concerning tax fraud allegations at the animation studio. Court documents cited the possibility of a future business decline as one of the main reasons behind Kondo’s actions. [Thanks, NHK!]

Kondo is being tried for evading 138 million yen (about $1.2 million) worth of taxes. Kondo allegedly hid over 441 million yen (about $4 million) worth of Ufotable cafe and merchandise sales from 2015 to 2018. On September 17, 2021, the CEO admitted to the allegations. He stated that he “felt the company would not suffer if [he] evaded taxes,” offering an apology and heavy bow in court.

Below is a translation of the prosecution’s opening statement.

With the rise in popularity of the animation projects [Ufotable] worked on, and the success of its cafe and merchandise sales, [the defendant] repeatedly excluded portions of revenue in order to prepare for a future decline in business and keep as much capital as possible to himself.

In July, Ufotable released an official statement regarding the tax fraud allegations. It apologized to fans and related parties for any inconveniences. Furthermore, the studio paid the full amount of evaded tax to the national tax authorities. It also pledged to comply with laws and regulations in the future.

The animation studio’s work includes Demon Slayer: Kimetsu no Yaiba and Fate/Stay Night: Unlimited Blade Works. Its work also appears in games. It most recently created the opening animation for Tales of Arise.

View Original Source Here

Get Paid To Write App Reviews

LATEST POSTS

Related articles

Outlast 2: Full Game Walkthrough (4K 60fps)

Outlast 2 Game Movie. This is a full walkthrough of the entire game with no commentary on...

The best Tiny Tina’s Wonderlands builds

The Tiny Tina's Wonderlands build system will be pretty familiar to anyone who's played the numbered Borderlands entries...

Among Us Sees Off DDoS Imposters After A Weekend Offline

Image: InnerslothAmong Us servers appear to be back up and running after a weekend of disruption following a...

Ratchet & Clank 60 FPS update live early

Ratchet & Clank is now playable in 60 FPS on PlayStation 5, developer Insomniac Games has...
This Week On Xbox: April 08, 2022
Next Week on Xbox: February 28 to March 4
Road 96 Is Now Available
Roguelike Deckbuilder Roguebook Available Now for Xbox One and Xbox
SEGA’s Five Year Super Game Plan Includes AAA Games But
Roblox Job Listing Suggests It’s Finally Coming to PlayStation
Official PlayStation Podcast Episode 426: Returning
PS Plus Free Game Deal Was Devastating for Oddworld Soulstorm
Among Us Sees Off DDoS Imposters After A Weekend Offline
Amazon US Launches Pokémon T-Shirt Subscription Service
Kirby And The Forgotten Land Bags The Franchise’s Biggest UK
Review: The Cruel King and the Great Hero (Nintendo Switch)
The best Tiny Tina’s Wonderlands builds
Where is Xur this week and what is he selling?
Dying Light 2 devs are working on new game difficulties,
Elden Ring’s bugged PvP shield spell is mightier than any
Outlast 2: Full Game Walkthrough (4K 60fps)
Donkey Kong 64
Video Game History | Mario, Minecraft & More!
Demon’s Souls (Remake – PS5)
Uncharted 3: Drake’s Deception
God of War: Ascension
Warcraft 3: Reforged – Cinematic Trailer
Battlefield 1 Official Turning Tides Trailer
Ratchet & Clank 60 FPS update live early
DokeV’s New Trailer Shows off Explosively Colorful Gameplay
Kingdom Hearts 4 and Missing Link Websites Now Open
Xbox back compat games added to xCloud streaming service