Disclaimer of conclusion on the review of the semiannual report for the fiscal year ending October 2026
株式会社ＲＥＶＯＬＵＴＩＯＮ and its consolidated subsidiary, the sub-subsidiary 株式会社ヤマワケエステート
Real estate funds organized and operated by 株式会社ヤマワケエステート and certain real estate properties purchased from external suppliers
Some transactions involving purchased real estate were subject to repurchase arrangements and may not have been accounted for appropriately in light of the accounting standards on revenue recognition and other applicable standards.
The interim consolidated accounting period for the fiscal year ending October 2026 (1 November 2025 to 30 April 2026)
Related procedures
Interim review and investigation by an internal investigation committee
Company response
An internal investigation committee including external experts independent of the company. Its establishment was resolved at a Board of Directors meeting held on 15 June 2026. The committee chair's name is Not disclosed
The investigation will be initiated and conducted under the internal investigation committee, and appropriate action will be taken.
| Item | Details |
|---|---|
| Event name | Disclaimer of conclusion on the review of the semiannual report for the fiscal year ending October 2026 |
| Date of occurrence | 15 June 2026 (the date on which the interim review report was received and the establishment of an internal investigation committee was resolved) |
| Date recognized / date notice received | 15 June 2026 (the date on which the interim review report was received; the date on which the repurchase transaction itself was identified is Not disclosed) |
| Subject Entity | 株式会社ＲＥＶＯＬＵＴＩＯＮ and its consolidated subsidiary, the sub-subsidiary 株式会社ヤマワケエステート |
| Target Locations / Products | Real estate funds organized and operated by 株式会社ヤマワケエステート and certain real estate properties purchased from external suppliers |
| Cause | Some transactions involving purchased real estate were subject to repurchase arrangements and may not have been accounted for appropriately in light of the accounting standards on revenue recognition and other applicable standards. |
| Accounting period in which recognized | The interim consolidated accounting period for the fiscal year ending October 2026 (1 November 2025 to 30 April 2026) |
| Type of litigation or proceeding | Interim review and investigation by an internal investigation committee |
| Investigation structure | An internal investigation committee including external experts independent of the company. Its establishment was resolved at a Board of Directors meeting held on 15 June 2026. The committee chair's name is Not disclosed |
| Outlook | The investigation will be initiated and conducted under the internal investigation committee, and appropriate action will be taken. |
Items this document does not state (15)
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.There may have been inappropriate accounting treatment, in light of the accounting standards on revenue recognition and other applicable standards, for real estate transactions subject to repurchase arrangements. In addition, sufficient evidence has not been obtained regarding the existence of similar transactions or the scope of their impact on the interim consolidated financial statements.