Improper Outflow of Funds at a Subsidiary and Dismissal of the Subsidiary's Representative Director
株式会社ＴＡＮＴ (the company's consolidated subsidiary)
Improper misappropriation of company funds by the individual concerned
Company response
The company has begun a detailed investigation into the facts in cooperation with the Audit & Supervisory Board and external professionals, including attorneys.
The company will promptly issue a notice once matters requiring disclosure, including the causes of the suspected misconduct and measures to prevent recurrence, have been determined.
The individual concerned was dismissed from the positions of representative director and director of 株式会社ＴＡＮＴ effective 21 April 2026.
Approximately ¥8 million expected (damages; accounting classification: Not disclosed)
The impact on the company's consolidated results is expected to be limited.
The company will continue working to clarify the full circumstances, including whether anyone other than the individual concerned was involved. Once matters for disclosure, including the causes of the misconduct and measures to prevent recurrence, have been determined based on the investigation results, the company will promptly announce them.
The company plans to announce its financial results for the first quarter of the fiscal year ending December 2026 as scheduled on 15 May 2026. The company will promptly issue a notice once the investigation results and other relevant matters have been finalized.
| Item | Details |
|---|---|
| Event name | Improper Outflow of Funds at a Subsidiary and Dismissal of the Subsidiary's Representative Director |
| Date of occurrence | 21 April 2026 (the date of the individual's dismissal). The period during which the funds were improperly diverted was from October 2024 to March 2026. |
| Subject Entity | 株式会社ＴＡＮＴ (the company's consolidated subsidiary) |
| Cause | Improper misappropriation of company funds by the individual concerned |
| Amount of Impact on Business Performance | Approximately ¥8 million expected (damages; accounting classification: Not disclosed) |
| Impact on Earnings Forecast | The impact on the company's consolidated results is expected to be limited. |
| Investigation structure | The company has begun a detailed investigation into the facts in cooperation with the Audit & Supervisory Board and external professionals, including attorneys. |
| Measures to prevent recurrence | The company will promptly issue a notice once matters requiring disclosure, including the causes of the suspected misconduct and measures to prevent recurrence, have been determined. |
| Directors' and officers' liability | The individual concerned was dismissed from the positions of representative director and director of 株式会社ＴＡＮＴ effective 21 April 2026. |
| Outlook | The company will continue working to clarify the full circumstances, including whether anyone other than the individual concerned was involved. Once matters for disclosure, including the causes of the misconduct and measures to prevent recurrence, have been determined based on the investigation results, the company will promptly announce them. |
| Planned follow-up disclosure | The company plans to announce its financial results for the first quarter of the fiscal year ending December 2026 as scheduled on 15 May 2026. The company will promptly issue a notice once the investigation results and other relevant matters have been finalized. |
Items this document does not state (14)
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.Because the improper misappropriation of company funds by the individual concerned was confirmed, and it was determined that the matter would have a material impact on the governance framework of the group.