Risk of Administrative Fines, Listing Agreement Penalties and Litigation Following Restatement of Prior-Year Results
First written in FY2025. 1 of 2 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026-H1.
Toshin Holdings moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
1 other company's latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「On 21 November 2025, the Company received notice from the Tokyo Stock Exchange that its shares would be designated as a Security on Alert effective 22 November 2025 and that the exchange would collect a listing agreement penalty charge.」
Regarding the collection of a listing agreement penalty charge in connection with corrections to prior-period financial results, the matter has progressed from a possibility to the fact that the Company received notice from the Tokyo Stock Exchange. - FY2025First statedAnnual report
「Going forward, the Group may be required to take actions in accordance with laws, regulations, and rules, including measures such as orders to pay administrative penalties for violations of disclosure regulations and claims for listing agreement penalty charges by the Tokyo Stock Exchange. In addition, the Company may face lawsuits from shareholders and others in connection with the improper accounting.」
In connection with corrections to prior-period financial results, the Company newly identified as risks the possibility of future administrative penalties, a claim for listing agreement penalty charges from the Tokyo Stock Exchange, and lawsuits from shareholders and others.