Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5
Fiscal years covered (fiscal years ended March 2021 through March 2025)Wording
Definitive
How definitive the wording is.Decision and Details
Board of Corporate Auditors (decision to conduct an internal investigation); Board of Directors (subsequent approval of the transactions)Filing of amendment reports for prior-year annual securities reports
Decision10 February 2026 (decision to conduct an internal investigation); 23 June 2026 (filing of amendment reports)
Period CoveredFiscal years ended March 2021 through March 2025
Implementation23 June 2026 (amendment reports filed)
Going forwardThe Company plans to ultimately terminate all transactions with ホーショーイン. It will work to thoroughly implement measures to prevent recurrence and strengthen governance.
AmountThreshold for notes on related-party transactions: more than ¥10 million; voluntary return of compensation by the Representative Director and Chairman: 20% of monthly compensation for 2 months
Quantity / scale5 years, covering 5 fiscal years of annual securities reports
Reason
The Company mistakenly believed that ホーショーイン was a related party belonging to the corporate group and failed to recognize that the transactions met the disclosure threshold for notes on related-party transactions.
Impact on Business Performance
There is no impact on operating results, financial position or other matters for prior years. No amendments will be made to prior-year earnings reports.
| Item | Details |
|---|---|
| Matter Covered | Filing of amendment reports for prior-year annual securities reports |
| Decision-Making Body | Board of Corporate Auditors (decision to conduct an internal investigation); Board of Directors (subsequent approval of the transactions) |
| Decision Date | 10 February 2026 (decision to conduct an internal investigation); 23 June 2026 (filing of amendment reports) |
| Implementation Date | 23 June 2026 (amendment reports filed) |
| Period Covered | Fiscal years ended March 2021 through March 2025 |
| Amount | Threshold for notes on related-party transactions: more than ¥10 million; voluntary return of compensation by the Representative Director and Chairman: 20% of monthly compensation for 2 months |
| Quantity / scale | 5 years, covering 5 fiscal years of annual securities reports |
| Impact on Business Performance | There is no impact on operating results, financial position or other matters for prior years. No amendments will be made to prior-year earnings reports. |
| Reason | The Company mistakenly believed that ホーショーイン was a related party belonging to the corporate group and failed to recognize that the transactions met the disclosure threshold for notes on related-party transactions. |
| Related previous disclosures | Corporate Governance Report published on 26 June 2026 |
| Future plans | The Company plans to ultimately terminate all transactions with ホーショーイン. It will work to thoroughly implement measures to prevent recurrence and strengthen governance. |
Items this document does not state (1)
Governing Rule
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 Company mistakenly classified ホーショーイン as a related party and failed to recognize that transactions exceeding ¥10 million required disclosure in the notes.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.