Earnings, deals and disclosures from Japan's listed real estate companies, in English.
Park24 says a hacker viewed or improperly obtained names, addresses, driver's license images and other data from about 6.6 million Times Car and Times Business Service accounts, but that credit-card numbers were not leaked and passwords were stored in a form the company says cannot be read.
The Tokyo Standard-listed real estate group could not get its third-quarter earnings reviewed in time because its auditor, Aria Audit Corporation, has withheld a conclusion since June, and an internal probe found 28 of 251 affiliated property funds were wrongly booked as real estate deals rather than financial ones, pushing REVOLUTION toward correcting two years of past filings.
REVOLUTION sold off the property-fund subsidiary at the center of an accounting inquiry the same day it received a report finding 28 of 251 funds should be booked as loans, not sales, leaving two weeks before it must satisfy its auditor or restate June's half-year filing.
An auditor's disclaimer over suspect property buyback deals at Revolution's real estate subsidiary has drawn a Tokyo Stock Exchange special-caution designation, and the company now has until mid-October to publish a fix.
A Kyoto rental-housing brokerage under Elitz Holdings stored tenant-applicant emails, some dating back to April 2021, in a cloud environment with inadequate access controls, a gap an outside researcher caught on August 17, and the company still cannot say whether any data actually got out.
REVOLUTION's shares now carry a Tokyo Stock Exchange special-alert warning and a listing penalty fee after auditor Aria declined to issue an opinion on its half-year accounts, prompting internal investigation committees at the company and two subsidiaries.