MEDIUS HOLDINGS Co., Ltd. (TSE: 3154), the medical-equipment and nursing-care distribution holding company, filed five amended annual securities reports with the Kanto Local Finance Bureau on the same day, 3 September 2026. Each covers a different fiscal year, running from the year ended June 2021 through the year ended June 2025, and each rewrites the same note: how much the company owed under non-cancellable operating leases.
In every one of the five years, the figure the company had originally told investors was well below the one now on the books. For the year ended June 2025, the most recent, MEDIUS HOLDINGS had disclosed ¥485.6mn in unpaid lease commitments; the correction puts the figure at ¥2.58bn. The widest gap sits in the year ended June 2024, corrected from ¥490.2mn to ¥2.63bn.
| Fiscal Year-End | Originally Disclosed | Corrected Figure |
|---|---|---|
| 30 June 2021 | ¥224.0mn | ¥993.8mn |
| 30 June 2022 | ¥138.3mn | ¥1.82bn |
| 30 June 2023 | ¥130.7mn | ¥1.36bn |
| 30 June 2024 | ¥490.2mn | ¥2.63bn |
| 30 June 2025 | ¥485.6mn | ¥2.58bn |
The same five filings revise other note disclosures. Assets pledged as loan collateral were revised in every one of the five reports; the secured-debt figures set against that collateral, a line disclosed only in the two most recent filings, were revised in both of those years. A guarantee obligation for one of the group's medical-equipment retail subsidiaries, left off the original guarantee tables, was added back into every correction from the year ended June 2022 onward, reappearing most recently at ¥75.0mn for the year to June 2025. Capital-expenditure totals moved too: for the year to June 2024, the disclosed total rose from ¥2.47bn to ¥3.41bn, almost entirely inside the companywide segment rather than the core medical-device or nursing-care businesses.
None of the five corrections rewrite the numbers investors watch most closely. In each filing, the segment tables show identical net sales and segment profit before and after the correction; only the capex, lease, collateral and guarantee lines change. The amendments give no explanation for why the lease note was wrong for so long, nor whether the same underlying leases were simply dropped from the original tally each year. The earliest of the five original reports was filed in September 2021, just under five years before the correction now on record.