Fund outflow incident at the Company's Mexican subsidiary
The Company's Mexican subsidiary
The Company's Mexican subsidiary
A malicious third party impersonating the Company's Representative Director and President instructed the subsidiary to transfer funds to a designated account, and the funds were transferred after the instructions were mistakenly believed to be genuine.
Loss amount: US$857 thousand (approximately ¥136 million, as of 27 April 2026). The accounting classification for the impact on financial results is Not disclosed
Fiscal year ending December 2026
The impact of this incident on consolidated financial results for the fiscal year ending December 2026 is expected to be immaterial
Related procedures
Notifications to the relevant authorities and consideration and implementation of legal measures
Relevant authorities
Company response
Verification of the facts and an internal investigation are being conducted
Tightening the verification process for instructions purportedly issued by management or officers; reviewing fund transfer and payment approval processes, including those of overseas subsidiaries; and thoroughly raising awareness among and educating relevant officers and employees
The Company will continue to take appropriate action, including assessing the possibility of recovering the funds
The Company will promptly disclose any matters that should be disclosed in the future.
| Item | Details |
|---|---|
| Event name | Fund outflow incident at the Company's Mexican subsidiary |
| Date of occurrence | 21 and 23 April 2026 (Mexico time) |
| Date recognized / date notice received | The fraud was identified through internal verification on 25 April 2026 (Japan time) |
| Subject Entity | The Company's Mexican subsidiary |
| Target Locations / Products | The Company's Mexican subsidiary |
| Cause | A malicious third party impersonating the Company's Representative Director and President instructed the subsidiary to transfer funds to a designated account, and the funds were transferred after the instructions were mistakenly believed to be genuine. |
| Amount of Impact on Business Performance | Loss amount: US$857 thousand (approximately ¥136 million, as of 27 April 2026). The accounting classification for the impact on financial results is Not disclosed |
| Accounting period in which recognized | Fiscal year ending December 2026 |
| Impact on Earnings Forecast | The impact of this incident on consolidated financial results for the fiscal year ending December 2026 is expected to be immaterial |
| Type of litigation or proceeding | Notifications to the relevant authorities and consideration and implementation of legal measures |
| Court or authority | Relevant authorities |
| Investigation structure | Verification of the facts and an internal investigation are being conducted |
| Measures to prevent recurrence | Tightening the verification process for instructions purportedly issued by management or officers; reviewing fund transfer and payment approval processes, including those of overseas subsidiaries; and thoroughly raising awareness among and educating relevant officers and employees |
| Outlook | The Company will continue to take appropriate action, including assessing the possibility of recovering the funds |
| Planned follow-up disclosure | The Company will promptly disclose any matters that should be disclosed in the future. |
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.A malicious third party impersonating the Company's Representative Director and President instructed the subsidiary to transfer funds to a designated account, and the representative of the Mexican subsidiary mistakenly believed the instructions were genuine.