Items stated in the management plan
FormulatedA number of highly significant events have occurred that were not anticipated when the medium-term management plan was formulated, including the administrative sanction imposed on YE社 in February 2026, involving a 60-day partial suspension of operations related to the Specified Joint Real Estate Enterprise, multiple cases in the crowdfunding business in which investors' principal was impaired before repayment, and the recent designation of the company's shares as a security under special caution.
| Item | Details |
|---|---|
| Plan name | Improvement Plan and Status Report |
| Progress against the plan | Formulated |
| Key initiatives | Investigation by an internal investigation committee, Reinforcement of awareness of compliance and governance, Strengthening the Governance Framework, Review of the business strategy |
| Reason for revision or withdrawal | A number of highly significant events have occurred that were not anticipated when the medium-term management plan was formulated, including the administrative sanction imposed on YE社 in February 2026, involving a 60-day partial suspension of operations related to the Specified Joint Real Estate Enterprise, multiple cases in the crowdfunding business in which investors' principal was impaired before repayment, and the recent designation of the company's shares as a security under special caution. |
| Risks identified | Deficiencies in the systems for managing significant and unusual transactions and related contracts, Deficiencies in the internal management system for coordinating with the audit firm, Deficiencies in subsidiary management, including insufficient understanding of subsidiaries' circumstances, The governance systems of subsidiaries are not functioning adequately, Deficiencies in the system for considering the acquisition of subsidiaries, The possibility that repurchase transactions were not accounted for appropriately |
| Publication date | 24 August 2026 |
Items this document does not state (19)
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 number of highly significant events occurred that had not been anticipated when the medium-term management plan was formulated, including the administrative sanction imposed on YE社 in February 2026, cases in the crowdfunding business in which investors' principal was impaired before repayment, and the designation of the company's shares as a security under special caution. In addition, the Tokyo Stock Exchange identified deficiencies in the company's internal management systems, including its management of subsidiaries.