Improper Expense Claims by an Executive
First written in FY2026. 1 of 2 entries say "Materialised", first in 2026-07-06. Latest entry: 2026-07-06.
Kyokuto moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
5 other companies' latest entry also says "Materialised".
- 2026-07-06MaterialisedOccurring Fact
「We decided to claim ¥17 million in expenses associated with improper expense settlements by a former director, who resigned on 30 April 2026, identified in early December 2025, as well as the costs of investigating the matter. We also decided to record the full amount of the claim as an allowance for doubtful accounts under non-operating expenses.」
The company recorded the full amount of its ¥17 million claim for expenses related to improper expense settlements and investigation costs as a provision for doubtful accounts. - FY2026First statedAnnual report
「In early December 2025, suspicions arose within the company regarding improper expense reimbursements by Executive Director Yuge Michiya (弓削 道哉), so we conducted a detailed investigation by external professionals with no conflicts of interest with the company, namely attorneys and certified public accountants. The investigation found that he had submitted expense claims that differed from the facts for business travel expenses and purchases of goods, among other items, and had received the resulting payments.」
The company states that suspicions of improper expense reimbursements by a director arose in early December 2025 and that an investigation by external professionals found expense claims and receipts that differed from the facts. The company says it is strengthening governance to take the necessary measures and prevent recurrence.