Publication of the Public Version of the Investigation Committee's Report, Formulation of Measures to Prevent Recurrence, and Disciplinary Action Against Relevant Parties
有限会社秋測, a wholly owned subsidiary of AISAN TECHNOLOGY CO.,LTD., and its Director X
有限会社秋測's marketing center (Ueda, Nagano Prefecture), surveying equipment, product number ❶, and others
Person-dependent business operations and the absence of internal controls, deficiencies in system controls, an excessive focus on performance, failure to take measures in response to events indicating misconduct, overly close and collusive relationships with customers, and industry characteristics
Company response
The marketing center business involving the purchase and sale of used surveying equipment was suspended until internal controls have been established and put in place
A Special Investigation Committee was established. The investigation was conducted from 2 April to 12 June 2026. The committee was chaired by Tatsuya Nakahira (中平達也), attorney-at-law, and comprised outside experts, outside directors, and outside corporate auditors
Consideration of a review of the company-wide strategy, including the business portfolio; reconstruction of governance; reinforcement of compliance awareness; consideration of business continuity; standardization with the parent company's procedures for segregation of duties and division of responsibilities; system and inventory controls using serial numbers; establishment of an organizational accounts receivable management framework; and consideration of personnel rotation
The representative director and president of the company will voluntarily forgo 30% of monthly compensation for 3 months, and the representative director and president of the subsidiary will voluntarily forgo 20% of monthly compensation for 3 months. Director X of the subsidiary was dismissed effective 12 June 2026. The company is considering legal action against X
¥49 million (cumulative adverse impact on consolidated operating profit: ¥36 million from correction of inventory discrepancies, ¥2 million from correction of accounts receivable, and ¥11 million from other items)
From the fiscal year ended March 2024 through the fiscal year ended March 2026. The impact represents the cumulative amount through the fiscal year ended March 2026
Accounts receivable discrepancies of ¥10,340,001 at the end of the fiscal year ended March 2025 and ¥2,225,000 at the end of the fiscal year ended March 2026
Related procedures
Investigation by the Special Investigation Committee and disciplinary action against relevant parties
The Group Management Monitoring Committee will monitor the implementation of the measures to prevent recurrence. The company will fundamentally examine and determine whether to continue the marketing center business, and will work to restore trust by implementing the measures to prevent recurrence. The measures to prevent recurrence may be changed or supplemented
| Item | Details |
|---|---|
| Event name | Publication of the Public Version of the Investigation Committee's Report, Formulation of Measures to Prevent Recurrence, and Disciplinary Action Against Relevant Parties |
| Date of occurrence | 10 March 2026 (discovery at the marketing center in Ueda, Nagano Prefecture, that sales had been recorded for products different from those actually sold) |
| Date recognized / date notice received | The company became aware of suspected misconduct on 10 March 2026 and received the Special Investigation Committee's report on 12 June 2026 |
| Subject Entity | 有限会社秋測, a wholly owned subsidiary of AISAN TECHNOLOGY CO.,LTD., and its Director X |
| Target Locations / Products | 有限会社秋測's marketing center (Ueda, Nagano Prefecture), surveying equipment, product number ❶, and others |
| Cause | Person-dependent business operations and the absence of internal controls, deficiencies in system controls, an excessive focus on performance, failure to take measures in response to events indicating misconduct, overly close and collusive relationships with customers, and industry characteristics |
| Amount of Impact on Business Performance | ¥49 million (cumulative adverse impact on consolidated operating profit: ¥36 million from correction of inventory discrepancies, ¥2 million from correction of accounts receivable, and ¥11 million from other items) |
| Accounting period in which recognized | From the fiscal year ended March 2024 through the fiscal year ended March 2026. The impact represents the cumulative amount through the fiscal year ended March 2026 |
| Type of litigation or proceeding | Investigation by the Special Investigation Committee and disciplinary action against relevant parties |
| Date of filing / date of action | Director X of the subsidiary was dismissed effective 12 June 2026. Other filing and disciplinary dates: Not disclosed |
| Amount of receivables at risk of non-collection or delayed collection | Accounts receivable discrepancies of ¥10,340,001 at the end of the fiscal year ended March 2025 and ¥2,225,000 at the end of the fiscal year ended March 2026 |
| Suspended operations | The marketing center business involving the purchase and sale of used surveying equipment was suspended until internal controls have been established and put in place |
| Investigation structure | A Special Investigation Committee was established. The investigation was conducted from 2 April to 12 June 2026. The committee was chaired by Tatsuya Nakahira (中平達也), attorney-at-law, and comprised outside experts, outside directors, and outside corporate auditors |
| Measures to prevent recurrence | Consideration of a review of the company-wide strategy, including the business portfolio; reconstruction of governance; reinforcement of compliance awareness; consideration of business continuity; standardization with the parent company's procedures for segregation of duties and division of responsibilities; system and inventory controls using serial numbers; establishment of an organizational accounts receivable management framework; and consideration of personnel rotation |
| Directors' and officers' liability | The representative director and president of the company will voluntarily forgo 30% of monthly compensation for 3 months, and the representative director and president of the subsidiary will voluntarily forgo 20% of monthly compensation for 3 months. Director X of the subsidiary was dismissed effective 12 June 2026. The company is considering legal action against X |
| Outlook | The Group Management Monitoring Committee will monitor the implementation of the measures to prevent recurrence. The company will fundamentally examine and determine whether to continue the marketing center business, and will work to restore trust by implementing the measures to prevent recurrence. The measures to prevent recurrence may be changed or supplemented |
Items this document does not state (9)
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 identified the concentration of duties and authority in X, the absence of segregation of duties and internal controls, inadequate controls over the sales management system and invoice issuance, an excessive focus on achieving performance targets, an inadequate response to signs of misconduct, overly close and collusive relationships with business partners, and industry characteristics as causes.