Funds Diverted from Hong Kong Branch Due to Fraudulent Instructions from a Third Party
First written in FY2022-Q3. 4 of 10 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026-H1.
1 other company's latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Recovery gains from remittance fraud at overseas branches - 3」
For the remittance fraud at the Hong Kong branch, recovery gains of ¥3 million were recorded in the interim consolidated accounting period under review, compared with no recovery gains recorded in the same period of the previous year. - FY2025-H1No recovery gains from remittance fraud recordedAnnual report
「Recovery gains from remittance fraud at overseas branches 12 -」
For the remittance fraud at the Hong Kong branch, no recovery gains were recorded in the interim consolidated accounting period under review, compared with ¥12 million in the same period of the previous year. - FY2024Recovery gains from remittance fraud decreased year on yearAnnual report
「Recovery proceeds from remittance fraud at overseas branches 238 56」
Recovery gains related to the remittance fraud at the Hong Kong branch decreased from ¥238 million in the previous fiscal year to ¥56 million in the fiscal year under review. - FY2024-Q3Recovery gains from remittance fraud decreased year on yearAnnual report
「Recovery gains from remittance fraud at overseas branches 238 32」
Recovery gains related to the remittance fraud at the Hong Kong branch decreased from ¥238 million in the same period of the previous year to ¥32 million in the cumulative third-quarter period under review. - FY2024-Q2Recovery gains from remittance fraud decreased year on yearAnnual report
「Recovery gains from remittance fraud at overseas branches 210 12」
Recovery gains related to the remittance fraud at the Hong Kong branch decreased from ¥210 million in the same period of the previous year to ¥12 million in the cumulative second-quarter period under review. - FY2023-Q3MitigatedAnnual report
「Recovery gains from remittance fraud at overseas branches - 238」
In connection with the remittance fraud at the Hong Kong branch, recovery gains of ¥238 million were recorded as extraordinary income for the cumulative third-quarter period, up from ¥210 million for the cumulative period through the previous quarter. - FY2023-Q2MitigatedAnnual report
「Recovery gains from remittance fraud at overseas branches - 210」
In connection with the remittance fraud at the Hong Kong branch, recovery gains of ¥210 million were recorded as extraordinary income in the second-quarter cumulative consolidated accounting period, reflecting the recovery of part of the transferred funds in the financial statements. - FY2023-Q1MitigatedAnnual report
「Recovery gains from remittance fraud at overseas branches - 12」
In connection with the remittance fraud at the Hong Kong branch, recovery gains of ¥12 million were recorded as extraordinary income in the first-quarter cumulative consolidated accounting period, reflecting the recovery of part of the transferred funds in the financial statements. - FY2022MaterialisedAnnual report
「Remittance fraud losses at overseas branches - 734」
The ¥734 million confirmed as having been transferred out in connection with the fraudulent instructions at the Hong Kong branch was recorded as an extraordinary loss in the fiscal year under review. - FY2022-Q3MaterialisedAnnual report
「The company confirmed that, at its Hong Kong branch, funds had been transferred out based on false instructions from a malicious third party between early and mid-January 2022. Shortly after the funds were transferred, the company recognized that the instructions were false, determined that it was highly likely to have been drawn into a crime, established a task force and reported the incident to the local investigative authorities. The company is currently cooperating fully with the investigation and making every effort to preserve and recover the transferred funds. The total amount transferred out confirmed at this time is ¥734 million, and the estimated final loss, including the amount that may be recovered, has not yet been determined. The loss arising from this incident is scheduled to be recorded as an extraordinary loss in the fourth-quarter consolidated accounting period.」
In January 2022, funds were in fact transferred out of the Hong Kong branch based on fraudulent instructions from a malicious third party, with ¥734 million confirmed as having been transferred out. The company is cooperating with the investigation and proceeding with procedures to preserve and recover the funds, while stating that the final loss remains undetermined.