Revocation of real estate brokerage license (Tokyo Metropolitan Governor (4) License No. 86482)
Dualtap Co.,Ltd. (filing company)
Real estate brokerage license (Tokyo Metropolitan Governor (4) License No. 86482)
One of the Company's outside directors who serves as an Audit and Supervisory Committee member was sentenced to 1 year and 2 months' imprisonment, suspended for 3 years, for causing injury through negligent driving, and the judgment became final on 17 July 2025. The director was within the suspended-sentence period when applying to renew the license on 18 August 2026, making the director subject to the disqualification under Article 5, paragraph 1, item 5 of the Real Estate Brokerage Act. The matter was not caused by any legal violation in the Company's real estate brokerage business.
Company response
The Company is no longer able to conduct new business that constitutes real estate brokerage. Transactions under contracts concluded before the license was revoked may continue to the extent necessary to complete those transactions.
The Company will proceed with the necessary review of its systems for verifying officer eligibility and managing licenses and permits.
The Company will promptly proceed with the necessary procedures on the premise that the director will resign.
Related procedures
Administrative action (revocation of real estate brokerage license)
Governor of Tokyo
The impact of this matter on the Company's group results is currently under review. The Company will promptly announce any revision to its earnings forecast or other matter requiring disclosure.
For transactions under contracts already concluded, the Company will confirm the applicable laws and the terms of each contract and respond appropriately. It will proceed with the necessary procedures for the director's resignation and prepare to reacquire its real estate brokerage license. It will also proceed with reviewing its systems for verifying officer eligibility and managing licenses and permits.
The Company will promptly announce any matter requiring disclosure once specific measures and the outlook have been determined. It will also promptly announce any revision to its earnings forecast or other matter requiring disclosure.
| Item | Details |
|---|---|
| Event name | Revocation of real estate brokerage license (Tokyo Metropolitan Governor (4) License No. 86482) |
| Date of occurrence | 5 October 2026 (date of administrative action; the Company became aware of it through a notice dated 5 October 2026) |
| Date recognized / date notice received | 5 October 2026 |
| Subject Entity | Dualtap Co.,Ltd. (filing company) |
| Target Locations / Products | Real estate brokerage license (Tokyo Metropolitan Governor (4) License No. 86482) |
| Cause | One of the Company's outside directors who serves as an Audit and Supervisory Committee member was sentenced to 1 year and 2 months' imprisonment, suspended for 3 years, for causing injury through negligent driving, and the judgment became final on 17 July 2025. The director was within the suspended-sentence period when applying to renew the license on 18 August 2026, making the director subject to the disqualification under Article 5, paragraph 1, item 5 of the Real Estate Brokerage Act. The matter was not caused by any legal violation in the Company's real estate brokerage business. |
| Impact on Earnings Forecast | The impact of this matter on the Company's group results is currently under review. The Company will promptly announce any revision to its earnings forecast or other matter requiring disclosure. |
| Type of litigation or proceeding | Administrative action (revocation of real estate brokerage license) |
| Court or authority | Governor of Tokyo |
| Date of filing / date of action | 5 October 2026 |
| Suspended operations | The Company is no longer able to conduct new business that constitutes real estate brokerage. Transactions under contracts concluded before the license was revoked may continue to the extent necessary to complete those transactions. |
| Measures to prevent recurrence | The Company will proceed with the necessary review of its systems for verifying officer eligibility and managing licenses and permits. |
| Directors' and officers' liability | The Company will promptly proceed with the necessary procedures on the premise that the director will resign. |
| Outlook | For transactions under contracts already concluded, the Company will confirm the applicable laws and the terms of each contract and respond appropriately. It will proceed with the necessary procedures for the director's resignation and prepare to reacquire its real estate brokerage license. It will also proceed with reviewing its systems for verifying officer eligibility and managing licenses and permits. |
| Planned follow-up disclosure | The Company will promptly announce any matter requiring disclosure once specific measures and the outlook have been determined. It will also promptly announce any revision to its earnings forecast or other matter requiring disclosure. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.One of the Company's outside directors who serves as an Audit and Supervisory Committee member was sentenced to 1 year and 2 months' imprisonment, suspended for 3 years, for causing injury through negligent driving, and the judgment had become final. The director was still within the suspended-sentence period when applying to renew the license, making the director subject to a disqualification under the Real Estate Brokerage Act. The Company explained that the matter was not caused by any legal violation in its real estate brokerage business.