Skip to content
Saturday, November 14, 2026Japan edition · 日本語
Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan Corporate Risk (Page 2)

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

  1. Abalance Rewrites Years of Earnings After Accounting Probes and a Fictitious-Sales Allegation

    Abalance has rewritten four periods of results after finding improper accounting in overseas raw-material buy-back deals and a suspected fictitious-sales scheme at a subsidiary it later absorbed, and its auditor twice declined to give a conclusion on the numbers. With a governance review and overseas-subsidiary reorganization still underway, the company has withheld its earnings and dividend guidance for the year ahead.

  2. Abalance Delays Its Next Results Again While It Rewrites Years of Past Filings

    Abalance expects to publish corrected historical filings and two backlogged fiscal-2026 results by August 21, but the same staffing squeeze pushes its next quarterly summary past its usual 45-day norm and into early October.

  3. Nidec Says It Can't Rule Out a Data Leak From Taiwan Ransomware Attack

    A forensic probe found no log evidence that hackers pulled data from Nidec's Taiwan subsidiary, but a dark-web list of folder and file names means Nidec still can't rule out a leak, even as the unit's production and shipping continue as normal.

  4. IRISO Electronics Has No Release Date for Two Straight Earnings Reports

    IRISO Electronics has no release date for either its year-to-March 2026 results or the following quarter's earnings, as a third-party committee investigates suspected improper overseas payments alongside separate quality and inspection concerns.

  5. Media Links' New Auditor Quits Weeks After Taking the Job

    Appointed on June 25, Media Links' incoming audit firm resigned within a month after it could not get sufficient evidence to sign off on inventory recoverability for the year to March 2026 and earlier periods, and the electronics maker now has no accounting auditor while it looks for a temporary replacement.

  6. US Jury Hits Kioxia Units With $229mn Verdict in Viasat Patent Case

    A Texas federal jury ruled that Kioxia's US and Japan subsidiaries infringed a Viasat patent, setting provisional damages of about $229mn (¥37.1bn) that Kioxia says it will contest.

  7. Abalance Waited Seven Months to Tell Investors a Jinko Patent Fight Was Settled

    Abalance told investors on July 10 that a patent fight with Jinko Solar over eight subsidiaries was settled in December and dismissed in California and Texas by February, and pinned the months-long reporting delay on management turnover disrupting communication with its subsidiaries.

  8. Optoelectronics Breaches Loan Covenants on ¥587.6mn as Interim Loss Widens

    Optoelectronics breached financial covenants on ¥587.6mn of bank loans and widened its interim net loss to ¥287mn, triggering a going-concern flag it says its ¥5.15bn cash pile and steady lender relations resolve for now.

  9. Noritsu Koki admits late disclosure on Senqcia acquisition

    The catch: Noritsu Koki says a report required after its January 15 decision to buy Senqcia was left unfiled until July 3, even though the target had ¥35.41bn in sales in the year ended March 2025.

  10. Abalance probe says legacy IT deal lacked economic substance

    The finding: Abalance's committee said a ¥30mn LPWA prototype order later carried at Abit lacked economic substance, making ¥25mn of booked sales inappropriate, while stopping short of concluding the accounting was intentional.

  11. Abalance seeks August filing extension as Abit probe may force prior-year corrections

    Abalance wants a 62-day extension, to August 31, after a probe into suspect transactions at merged subsidiary Abit opened the door to extra audit work and possible prior-year corrections.

  12. Diamond Electric audit correction cuts annual profit to ¥217mn from ¥819mn

    The catch: an audit review of intercompany accounting left Diamond Electric’s sales unchanged but cut reported net profit to ¥217mn from ¥819mn, reversing what had looked like a forecast beat into a ¥382mn miss.

  13. Abalance shifts results to late August as Abit probe prompts filing-extension plan

    A June 30 probe into accounting and suspicious transactions at former subsidiary Abit has pushed Abalance's results to late August, while a separate U.S. solar-shipment dispute leaves another ¥3bn to ¥5bn potential hit to be settled in the same window.

  14. Abalance weighs 62-day filing extension as Abit probe pushes results to late August

    The move: a June 30 investigation report on former subsidiary Abit is set to trigger added audit work, so Abalance is weighing a 62-day filing extension and says even its separate ¥3bn to ¥5bn US solar-shipment loss cannot be pinned down before late August.

  15. Abalance pushes results to late August, weighs 62-day filing extension over Abit probe

    The move: Abalance pushed both its third-quarter and full-year results for the year to March 2026 to late August while it reviews an investigation into accounting treatment and suspicious transactions at former subsidiary Abit. Read-through: that same timetable now also governs when a separate ¥3bn to ¥5bn estimate from US-bound solar shipments may be nailed down.

  16. Fukuda Denshi gives outside panel mandate to examine management’s role in former chairman case

    Fukuda Denshi has created an independent third-party committee, chaired by former Nagoya High Court president Seiichi Fusamura, after concluding its earlier investigation into former chairman Kotaro Fukuda's improper expense use needed a more objective follow-up. The panel will examine not just the expense case but any broader mixing of corporate and personal affairs, management's role in related governance problems, and prevention measures.

  17. 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.

  18. 3D Matrix drops its going-concern note after reaching full-year operating profit

    3D Matrix says it can remove its going-concern note after revenue rose 57% to ¥10.886 billion, operating profit turned positive at ¥1.335 billion and operating cash flow moved back into the black. The company also ended the year with ¥2.83 billion of cash and said convertible bond-type instruments linked to Heights Capital had been redeemed or converted, while bank facilities were expanded. Still, the much larger ordinary and net profit figures were boosted by a ¥2.661 billion foreign-exchange gain, so the cleaner recovery signal sits in operations and funding rather than the headline bottom line.

  19. A&D Holon unit and executive each fined ¥500,000 in Measurement Act case

    Subsidiary A&D Engineering and one executive officer each received a ¥500,000 summary order dated May 27 from Saitama Summary Court over certification marks that were not removed from repaired measuring instruments. The company says the effect on group performance is minor.