Japanese tech firm Fujitsu has announced that it will take "appropriate actions, including contribution to compensation" in a scandal in which British Post Office branch managers were wrongly prosecuted due to the firm's faulty accounting software.

The Fujitsu Group released a statement on Thursday, Japan time. The move came after a Fujitsu executive said before the UK Parliament on Tuesday that the company has a "moral obligation" to compensate the victims.

The statement says Fujitsu "offers its deepest apologies to the sub-postmasters and their families."

It also says Fujitsu will be working with the UK government on steps it should take, based on the findings of a public inquiry being held in Britain on the issue.

The UK government indicated that it will ask Fujitsu to shoulder part of the compensation if the inquiry holds the company accountable.

Between 1999 and 2015, more than 700 British Post Office branch managers were convicted of theft, fraud and false accounting after Fujitsu's software, Horizon, indicated money was missing from their branches.

In 2019, a UK court found the software flawed in a lawsuit filed by a group of postal managers and others.

The scandal came back into the spotlight after a British TV drama about it earlier this month.