Risks of administrative monetary penalties, listing agreement violation penalties, and litigation arising from improper accounting
First written in FY2023-Q3. 6 of 11 entries say "Restated". Latest entry: 2026-07-15.
3 other companies' latest entry also says "Restated".
- 2026-07-15RestatedEarnings
「Litigation-related expenses 10,859 4,000」
Litigation-related expenses of ¥4,000 thousand were recorded, indicating that litigation costs associated with improper accounting and other matters continue to arise. - FY2026RestatedAnnual report
「The litigation-related expenses for the previous and current consolidated fiscal years are as follows. They comprise investigation expenses and attorney fees incurred in connection with the Company's filing of a damages claim against its former directors and others.」
The Company recorded ¥31.423 million in investigation expenses and attorney fees associated with its damages claim against former directors and others, and litigation-related costs continue to be incurred. - FY2026-H1RestatedAnnual report
「The Company recorded ¥18.781 million in attorney fees and mandate agreement fees related to claims against its former representative director and others in connection with the misconduct.」
The Company continues to record litigation-related expenses in pursuing claims against former officers and others in connection with the improper accounting and misconduct. - FY2025-H1RestatedAnnual report
「The Company recorded ¥22.415 million in attorney fees and mandate agreement fees related to claims against its former representative director and others in connection with the misconduct.」
The Company continues to record litigation-related expenses, including attorney fees, in pursuing claims against former officers and others in connection with the improper accounting and misconduct. - FY2024RestatedAnnual report
「The Company commissioned a law firm to conduct a legal analysis concerning claims against directors and others based on the third-party committee's investigation report dated 3 March 2023. Based on the results of that analysis, it filed a damages claim lawsuit against its former directors on 28 December 2023, and recorded the analysis and litigation costs as extraordinary loss under litigation-related expenses.」
A damages claim lawsuit was filed against former directors in connection with the improper accounting, and ¥24.083 million in analysis and litigation costs was recorded as extraordinary loss. - FY2024-Q3MaterialisedAnnual report
「Notice concerning the filing of a damages claim lawsuit against former directors of the Company」
Regarding the litigation risk associated with the restatement of prior-period financial results, the Company actually filed a damages claim lawsuit on 28 December 2023 against 3 former directors as defendants, seeking ¥220,218,962, representing the total of third-party committee investigation costs, restatement audit fees, the listing agreement violation penalty and the administrative monetary penalty. - FY2024-Q2Administrative monetary penalty finalised and excess provision reversedAnnual report
「The Company received an order dated 27 June 2023 to pay an administrative monetary penalty of ¥12 million. Since it had recorded a ¥30 million provision for restatement-related expenses for the penalty during the previous consolidated fiscal year, the difference was recognised as extraordinary income.」
The administrative monetary penalty risk associated with the restatement of prior-period financial results was finalised with a ¥12 million payment order, and the difference from the provision already recorded was reversed. - FY2024-Q1MaterialisedAnnual report
「On 27 June 2023, the Company received a decision ordering payment of an administrative monetary penalty of ¥12 million from the Financial Services Agency, with a payment deadline of 28 August 2023.」
The administrative monetary penalty risk anticipated in connection with the restatement of prior-period financial results materialised in the form of a ¥12 million payment order issued by the Financial Services Agency. - FY2023-Q3First statedAnnual report
「As a result, the Group may in the future be required to take action in accordance with laws and regulations, including measures such as an order to pay an administrative monetary penalty for violating disclosure regulations or a claim for a listing agreement violation penalty from the Tokyo Stock Exchange. The Company may also face lawsuits from shareholders and others in connection with the improper accounting.」
Following the restatement of prior-period financial results, the Company newly disclosed the potential for an administrative monetary penalty for violating disclosure regulations, a claim for a listing agreement violation penalty from the Tokyo Stock Exchange and lawsuits from shareholders and others.