Fraud and Financial Burden Risks Related to Aoie's Grant Application Services
First written in FY2026-H1. 4 of 7 entries say "Mitigated", first in 2026-04-14. Latest entry: FY2026.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The Group recognized ¥86.470 million in special investigation expenses and ¥61.094 million in costs payable to the Tokyo Metropolitan Environment Public Corporation for acting as a grant application agent, among other items. … It also recognized ¥82 million in compensation received from the transferor of the shares in the company, among other items.」
For the case involving Aoie's improper grant applications made on behalf of applicants, the Group recognized ¥86.470 million in special investigation expenses incurred for external experts, ¥61.094 million in costs payable to the Tokyo Metropolitan Environment Public Corporation, and ¥82 million in compensation from the transferor of the shares for the full fiscal year. - FY2026-H1MaterialisedAnnual report
「In connection with measures taken by the Tokyo Metropolitan Environment Public Corporation on 27 June 2025 under Article 25-2 of the Guidelines for Subsidies for the Promotion of Household Battery Installation relating to our consolidated subsidiary Aoie, we recognized ¥73.392 million as a provision for costs relating to agency applications for subsidies, representing the amount Aoie is reasonably estimated to owe the corporation based on the progress of its review of the matter involving improper agency applications for subsidies.」
Aoie recognized ¥73.392 million as a provision for costs relating to improper agency applications for subsidies. The interim consolidated income statement also included ¥86.470 million in special investigation expenses and ¥73.392 million in provision expense.