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Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan Corporate Risk

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

  1. Mitsubishi Motors settles US subsidiary lawsuit, to book cost in July-September quarter

    Mitsubishi Motors said a settlement ended the lawsuit against Mitsubishi Motors North America on October 6 US time, will book the cost in the quarter to September, and kept its earnings forecast unchanged, with no amount disclosed.

  2. Tokai Kisen told to idle three vessels for 20 days from October 9

    Japan's transport ministry has barred Tokai Kisen from using three vessels from October 9 to October 28 after inspections found alcohol-related and record-falsification lapses; the company is still assessing the earnings impact.

  3. Four of seven Axelspace GRUS-3 satellites have high-speed downlink fault

    Axelspace Holdings said restoring the high-speed image-download link on four of the seven GRUS-3 satellites launched in July, and starting their commercial use, has been judged difficult, and a possible impairment charge on fixed assets has not been quantified.

  4. JR Kyushu sets September 18 restart for quake-hit Shinkansen line

    Kyushu Railway expects to reopen the Kumamoto to Shin-Minamata Shinkansen section on September 18 and the Kagoshima Main Line's Uto-Yatsushiro stretch by mid-October, but both dates could slip with aftershocks and the earthquake's cost to earnings is still being tallied.

  5. Showa Holdings Won't File First-Quarter Earnings Before Its August 25 Delisting

    A court-appointed administrator is running Showa Holdings after a reorganization petition from J Trust Asia, and the company says the accounting and audit work involved means no first-quarter earnings report will appear before its shares are delisted on August 25.

  6. Senko Group Rewrites Buyback Sign-Off Chain After Breaching Payout Limit

    Senko Group Holdings bought back treasury shares beyond what Japan's Companies Act allowed in December 2025, and its board has now approved new sign-off chains, standardized manuals and mandatory legal-review rules for future dividend and buyback decisions.

  7. Mikuni Restates Five Years of Filings After Fraud at Its Taiwan Subsidiary

    A former accountant at Mikuni's Taiwan subsidiary moved company funds into a personal account for years, and the discovery has forced the Tokyo auto-parts maker to correct five annual securities reports plus eight half-year and quarterly filings.

  8. Mikuni says reporting controls were ineffective after unauthorized transfers at Taiwan subsidiary

    Mikuni’s June 26 disclosures were less about annual sales than about governance: the supplier said reporting controls were ineffective after repeated unauthorized transfers at Taiwan Mikuni, and the amendments reach back to the year ended March 2021.