Appointment of members of the Third-Party Special Investigation Committee
unbanked inc. (our group)
Our group (mainly the bullion and non-bank businesses)
In December 2025, ¥1.34 billion in trade receivables from bullion transactions became uncollectible, resulting in a violation of the matters required under the Corporate Conduct Code and recognition that substantial improvements were needed in the internal control system and related areas
Revenue ¥3,924 million, operating loss ¥288 million, ordinary loss ¥281 million, interim net loss attributable to owners of the parent ¥284 million, and special loss ¥16 million (interim period of the fiscal year ending March 2027)
Interim period of the fiscal year ending March 2027 (1 April 2026 to 30 September 2026)
Disclosure of the consolidated earnings forecast is being withheld because the company is heavily affected by financial market trends, making an appropriate earnings forecast difficult. Once reasonable estimates of earnings figures become possible, the company plans to disclose a preliminary consolidated earnings outlook as appropriate.
Trade receivables of ¥1.34 billion (bullion transactions in December 2025, uncollected)
Company response
Temporary suspension of withdrawals from the company's bank accounts and of its bullion business
2 September 2026 (lifting of the suspension of withdrawals from the bank accounts and resumption of the bullion business)
Third-Party Special Investigation Committee. The chair is attorney-at-law Matsushita Tomoki (松下知輝); the members are attorney-at-law and New York attorney Goto Shingo (後藤慎吾), and attorney-at-law Hojo Yohei (北條陽平). Its establishment was resolved at a Board of Directors meeting held on 26 June 2026, and its members were decided at a Board of Directors meeting held on 12 November 2026.
Fundamentally review and strengthen governance and the internal control system toward removal of the designation as a Security on Alert; steadily implement recurrence-prevention measures under the new management structure; after publication of the investigation results, formulate the necessary corrective measures and recurrence-prevention measures and disclose them promptly
Related procedures
Designation as a Security Under Special Caution
The details of the investigation and the scope of the persons subject to investigation will be announced once decided. The company will fully cooperate with the investigation by the Third-Party Special Investigation Committee. The start date, duration and publication date of the investigation results have not been decided. After publication of the investigation results, the company plans to formulate the necessary corrective measures and recurrence-prevention measures and disclose them promptly.
The details of the investigation and the scope of the persons subject to investigation will be announced once decided. The timing of publication of the investigation results has not been decided, and the company plans to disclose corrective measures and recurrence-prevention measures promptly after publication.
| Item | Details |
|---|---|
| Event name | Appointment of members of the Third-Party Special Investigation Committee |
| Date of occurrence | 12 November 2026 (the date on which the members were decided by the Board of Directors) |
| Subject Entity | unbanked inc. (our group) |
| Target Locations / Products | Our group (mainly the bullion and non-bank businesses) |
| Cause | In December 2025, ¥1.34 billion in trade receivables from bullion transactions became uncollectible, resulting in a violation of the matters required under the Corporate Conduct Code and recognition that substantial improvements were needed in the internal control system and related areas |
| Amount of Impact on Business Performance | Revenue ¥3,924 million, operating loss ¥288 million, ordinary loss ¥281 million, interim net loss attributable to owners of the parent ¥284 million, and special loss ¥16 million (interim period of the fiscal year ending March 2027) |
| Accounting period in which recognized | Interim period of the fiscal year ending March 2027 (1 April 2026 to 30 September 2026) |
| Impact on Earnings Forecast | Disclosure of the consolidated earnings forecast is being withheld because the company is heavily affected by financial market trends, making an appropriate earnings forecast difficult. Once reasonable estimates of earnings figures become possible, the company plans to disclose a preliminary consolidated earnings outlook as appropriate. |
| Type of litigation or proceeding | Designation as a Security Under Special Caution |
| Date of filing / date of action | 26 May 2026 (the date on which the designation as a Security on Alert began) |
| Amount of receivables at risk of non-collection or delayed collection | Trade receivables of ¥1.34 billion (bullion transactions in December 2025, uncollected) |
| Suspended operations | Temporary suspension of withdrawals from the company's bank accounts and of its bullion business |
| Scheduled resumption date | 2 September 2026 (lifting of the suspension of withdrawals from the bank accounts and resumption of the bullion business) |
| Investigation structure | Third-Party Special Investigation Committee. The chair is attorney-at-law Matsushita Tomoki (松下知輝); the members are attorney-at-law and New York attorney Goto Shingo (後藤慎吾), and attorney-at-law Hojo Yohei (北條陽平). Its establishment was resolved at a Board of Directors meeting held on 26 June 2026, and its members were decided at a Board of Directors meeting held on 12 November 2026. |
| Measures to prevent recurrence | Fundamentally review and strengthen governance and the internal control system toward removal of the designation as a Security on Alert; steadily implement recurrence-prevention measures under the new management structure; after publication of the investigation results, formulate the necessary corrective measures and recurrence-prevention measures and disclose them promptly |
| Outlook | The details of the investigation and the scope of the persons subject to investigation will be announced once decided. The company will fully cooperate with the investigation by the Third-Party Special Investigation Committee. The start date, duration and publication date of the investigation results have not been decided. After publication of the investigation results, the company plans to formulate the necessary corrective measures and recurrence-prevention measures and disclose them promptly. |
| Planned follow-up disclosure | The details of the investigation and the scope of the persons subject to investigation will be announced once decided. The timing of publication of the investigation results has not been decided, and the company plans to disclose corrective measures and recurrence-prevention measures promptly after publication. |
Items this document does not state (8)
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 reasons cited for the deterioration in performance include investors holding back from purchases due to the decline in gold prices, the suspension of withdrawals from the company's bank accounts and the temporary suspension of its business, and an increase in selling, general and administrative expenses. A Third-Party Special Investigation Committee has also been established to determine the root causes of the internal control issues that led to the designation as a Security on Alert.