unbanked’s corrected annual accounts put a hard number on the fallout from last winter’s gold-trading problem. For the year to March 2026, the company reported consolidated net sales of ¥9.394bn and an ordinary loss of ¥2.827bn, versus ¥9.489bn of sales and ¥308mn of ordinary profit a year earlier. On a non-consolidated basis, ordinary loss was ¥1.269bn.
The company said separately that its financial-reporting controls for the year were ineffective because of material weaknesses tied to a ¥1.34bn gold bullion transaction in which receivables went uncollected. The disclosure says unbanked had not been doing credit sales of gold scrap until July 2025, but repeated them after that without sufficiently checking customer credit information. According to the filing’s summary of an external investigation, the company also entered the trade without adequately checking facts about a new shareholder or the counterparty, failed to investigate credit concerns that emerged after the deal began, and did not give the board enough information. It said earnings corrections were therefore required, exposing defects in both operating controls and the settlement and financial-reporting process.
That distinction matters. unbanked says all necessary corrections arising from the weaknesses have been reflected in its financial statements, and the consolidated statements still received an unqualified audit opinion. In plain English, the company is saying the numbers are now corrected, while the machinery that produced them was not effective by the end of March. The same disclosure says the weaknesses could not be fixed by year-end because they were re-recognised after the period end and because previously announced preventive measures needed to be revisited. The evidence provided here does not quantify the gap between the originally announced results and the corrected annual figures, only the revised totals now on file.
The Tokyo Stock Exchange had already put the shares on special alert on May 26 and imposed a ¥14.4mn listing agreement penalty after concluding internal management controls still required substantial improvement. unbanked says it will stop the scrap-gold bullion trades that produced the uncollected receivable, limit credit transactions to board-approved counterparties such as refiners of domestic-brand bullion, and avoid credit sales to general customers investing in gold. The wider backdrop is still moving too: in a separate same-day disclosure, a director returned 2,236,829 borrowed shares to MaaaaRu Holdings, which again became a major shareholder with 12.39% of voting rights, while talks to unwind the capital tie had yet to produce a final contract. For investors, the credibility test now is execution, not disclosure volume.