Decision and Details
The Company (specific name of the body that determined the basic policy: Not disclosed)Formulation of an improvement plan in response to the designation as Securities on Special Alert, and submission of the Improvement Plan and Status Report
The Company was designated as Securities on Special Alert effective 1 May 2026 after the Tokyo Stock Exchange determined that there was a significant need for improvement in its internal management systems and related matters. Improper accounting practices and the involvement of top management and other members of the management team in some of those practices were also confirmed.
Impact on business performance and financial position: Not disclosed
| Item | Details |
|---|---|
| Matter Covered | Formulation of an improvement plan in response to the designation as Securities on Special Alert, and submission of the Improvement Plan and Status Report |
| Decision-Making Body | The Company (specific name of the body that determined the basic policy: Not disclosed) |
| Decision Date | 29 May 2026 |
| Implementation Date | The Improvement Plan will be considered and drafted from 1 May through mid-June 2026, including scheduled activities. Timely disclosure of the Improvement Plan and Status Report is scheduled for late July 2026. |
| Quantity / scale | Town hall meetings are being held primarily at the Company and its 38 group companies where improper accounting cases were confirmed. As of 29 May 2026, meetings had been held at 24 companies. The head office accounting department increased its staff by 19 to a total of 35, while the internal audit department increased its staff by 1 to a total of 16. Regular meetings are being held with major subsidiaries covering a total of 39 companies in Japan and overseas. |
| Impact on Business Performance | Impact on business performance and financial position: Not disclosed |
| Reason | The Company was designated as Securities on Special Alert effective 1 May 2026 after the Tokyo Stock Exchange determined that there was a significant need for improvement in its internal management systems and related matters. Improper accounting practices and the involvement of top management and other members of the management team in some of those practices were also confirmed. |
| Governing Rule | Designation as Securities on Special Alert. Specific provisions of the timely disclosure rules and applicable laws and regulations: Not disclosed |
| Related previous disclosures | Notice Regarding the Designation as Securities on Special Alert by the Tokyo Stock Exchange and the Collection of a Listing Agreement Penalty, dated 1 May 2026; Notice Regarding Receipt of the Investigation Report from the Special Investigation Committee and Future Actions, dated 31 March 2026; Notice Regarding Disciplinary Actions Against Relevant Parties and Notice Regarding the Formulation of Measures to Prevent Recurrence (Detailed Version), both dated 3 April 2026 |
| Future plans | The Company plans to submit a draft of the Improvement Plan and Status Report to Japan Exchange Regulation in mid-June 2026 and make a timely disclosure of the Improvement Plan and Status Report in late July 2026. If the schedule changes or is delayed, the Company will disclose the change promptly. |
Items this document does not state (2)
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.The Company was designated as Securities on Special Alert after the Tokyo Stock Exchange determined that there was a significant need for improvement in its internal management systems and related matters. In response to the Special Investigation Committee’s confirmation of improper accounting practices and the involvement of top management and other members of the management team in some of those practices, the Company will reconsider its measures to prevent recurrence and formulate an improvement plan.