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Japan Corporate Risk

Investigations, recalls, restatements, lawsuits and late filings at Japanese companies.

  1. Unbanked names three outside lawyers to find root cause of control failure

    Unbanked's board named three outside lawyers on November 12 to find the root cause of the control failure behind its special-attention designation, with no start date, scope or reporting deadline, while going-concern doubt and delisting risk remain.

  2. SMFG restates March net assets by ¥68.2bn after valuation error, leaving profit untouched

    Sumitomo Mitsui Financial Group lowered March 2026 net assets by ¥68.2bn after a fair-value error on purchased monetary claims, while reported net profit stayed at ¥1.58tn and the same amount shifted into the April-June quarter's other comprehensive income.

  3. Nihon M&A Center's interim review flags 2025 dividend that exceeded legal limit

    The interim review report on Nihon M&A Center Holdings highlights a ¥4.442bn dividend, resolved in October 2025, that exceeded the Companies Act distributable amount; the reviewer says this does not affect its conclusion.

  4. Tokyo Sangyo provisions ¥3.123bn owed on a renewable project after court ruling

    Tokyo Sangyo has fully provisioned ¥3.123bn of receivables on a renewable project whose permits a court ruling has put in doubt, and booked further charges on two other projects, including a ¥719mn guarantee payment.

  5. Cybertrust Japan decides to resume certificate issuance under a new scheme, flags near-term hit

    Cybertrust Japan halted SSL/TLS server certificate issuance on September 15 and decided on November 2 to restart under a new scheme, warning that the effect on results could appear in the short term.

  6. Ymirlink cuts Cuenote FC leak count to 47.86mn records, final forensic report still pending

    Ymirlink says 47,864,147 delivery-target records leaked from 49 Cuenote FC systems, below its earlier maximum estimate of about 51.62mn, with the final forensic report pending and the earnings impact still under assessment.

  7. Amazon Japan to show cheapest offer when none meets rival-price test, under JFTC-approved plan

    Amazon Japan has committed to display its lowest-priced offer on a product page even when no seller matches the cheapest rival price, under a five-year commitment plan the JFTC approved on 11 November without finding a violation.

  8. Papyless puts Renta outage at ¥2.4bn of lost sales and ¥500mn of lost profit

    Papyless estimates the Renta e-book store suspension will cut sales by about ¥2.4bn and operating and ordinary profit by about ¥500mn each, and plans a phased restart without giving a date.

  9. Mercari restates four years of pay ratios, putting women's pay at 69.13% of men's in the latest year

    Mercari's amended annual reports restate its statutory measure as women's average wage as a percentage of men's, lifting the latest all-worker figure from 29.26% to 69.13% and revising three earlier years the same way.

  10. Nitori says up to 37.62 million records may have leaked after server intrusion

    Nitori Holdings says unauthorized access may have exposed up to 37.62 million records of member and order data, but not login passwords or credit-card information, and it expects a limited hit to consolidated results.

  11. Muji postpones online store reopening and revises list of customer data open to access

    Ryohin Keikaku has postponed the online store's reopening with no date set, added cash-on-delivery recipients to the customers whose data may have been accessed, and will begin notifying affected customers on 10 November 2026.

  12. JT says all its Russian units are now under temporary management

    A second Russian decree has brought the rest of JT's local companies under temporary management, and the company says its Russian business is about 25% of forecast adjusted operating profit and about ¥1.5tn of assets, with the earnings impact still under review.

  13. Furusato Choice app donations set to restart at 15:00 as Choice Pay stays shut

    Trust Bank said app donations would restart at 15:00 on November 9, which would put web and app both back in service, while Choice Pay stays suspended with no date after a breach of 4,454,097 member records.

  14. Alps Alpine books ¥8.889bn warranty loss on steering sensor lots

    Alps Alpine booked an ¥8.889bn product-warranty special loss tied to specific production lots of automotive power steering torque sensors, but its extraordinary report does not name the customer or the vehicles.

  15. Muji suspends its online store as it tightens security after a possible customer-data leak

    Ryohin Keikaku has halted Muji's web store and nearly all app functions to strengthen security, targets a restart within one to two days, and says stores are open and the earnings impact should be limited.

  16. JT says Russian decree puts four manufacturing subsidiaries under temporary administration

    Japan Tobacco says a Russian presidential decree signed on 5 November has placed four of its Russian manufacturing companies under temporary administration, and it is still assessing the details, its options and the impact on the group.

  17. Furusato Choice reopens web donations on Nov 6 after 4.45mn-record breach

    Trustbank will take Furusato Choice web donations again from noon on November 6, but the app and Choice Pay remain suspended, five donors had additional data exposed, and the earnings effect on CHANGE Holdings is still under review.

  18. Sapporo Breweries corrects interim cash to ¥217.1bn, leaving total assets and profit unchanged

    Sapporo Breweries restated end-June cash from ¥77.1bn to ¥217.1bn and its net financial liabilities to below zero, while total assets of ¥870.5bn and its income statement are not corrected.

  19. Prestige International says up to 5.5mn road-service records left its systems

    Prestige International says up to 5.5mn records, counting duplicates, were taken from a system run by a group company for road-service clients; the system is shut and the earnings impact is still under review.

  20. Paycloud's Arara breach grows to about 77 million email addresses as service stays shut

    Paycloud Holdings says up to about 380 client companies of its Arara mail service lost email addresses and member data, about 77 million addresses on a provisional count, and the service is suspended with no restart date.

  21. World says a subsidiary's server was breached, with about 1.2 million member records possibly leaked

    An outside party reached a World subsidiary's business server on 17 October and the breach was detected on 28 October; about 1.2 million member records may have leaked, though the company has not confirmed that any payment data was exposed.

  22. Matsuya Foods says 2.38mn records leaked in app system breach

    Matsuya Foods Holdings says a third party accessed its app management system, exposing 2,377,127 order and delivery records and a separate 2,000 to 3,000 app-member records that include encrypted passwords; the cause is under investigation.

  23. Nihon M&A Center will not sue directors or seek repayment over two illegal dividends

    A third-party committee found no criminal intent but could not rule out civil liability for directors who approved two dividends above the legal limit; Nihon M&A Center's audit committee chose not to sue, and the company will not ask shareholders to repay.

  24. Nidec misses its October 28 target for corrected filings, with no audit completion date set

    Nidec will file its internal control confirmation report with the Tokyo Stock Exchange on October 30, but extra auditor-requested checks on 252 sign-off candidates leave no date for audited corrected reports.

Japan Corporate Risk News: Probes, Recalls and Restatements