Tokyo Cosmos strips old targets from its midterm plan after probe questioned the numbers
Tokyo Cosmos said it is correcting its 2024 midterm plan after a special investigation found the targets lacked concrete support and later years had already baked in Bourns-related synergies before any formal acquisition process existed. The company is removing sales, margin and ROA targets from the old plan while leaving DOE targets in place, and it is also deleting parts of a 2025 board opinion on shareholder proposals that it says could have misled investors.