Investigations, recalls, restatements, lawsuits and late filings at Japanese companies.
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.
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.
Advance Create's board approved a detailed plan on 30 September under which its president leaves the top job even if re-elected a director, a day after the TSE designated its shares special attention and set a listing penalty; no handover date is given.
Tokio Marine & Nichido settled a Credit Suisse-linked lawsuit over Greensill-linked insurance on September 24, its second confidential Greensill settlement this year, without admitting liability or disclosing terms.
Advance Create's shareholders' equity turned negative by ¥276mn and the Osaka insurance agency now expects a ¥391mn net loss for the year to September, reversing a previously guided ¥450mn profit, after a third-party investigation into improper accounting at an advertising subsidiary forced write-downs and a restatement of prior results.
Sony Life's internal review now confirms ¥56.4mn in insurance-related fraud from 21 customers and ¥124.2mn in separate improper money transfers from 17 customers, and the insurer says the Financial Services Agency has given notice of an on-site inspection while it winds down its exclusive-agency sales channel.
Investigation Division 2 has accepted unbanked's criminal complaint against five former trading partners over a gold bullion deal that left ¥1.34bn uncollected, a figure the company now puts at ¥1.36bn across 61 bars, while stressing the complaint's acceptance alone will not move its earnings.
Some used trucks bought by FinTech Global's investor funds were never re-registered in the funds' name, a special probe into operator AI Storm found, and the Tokyo firm still cannot say what it will cost.
A dismissed director's court petition was enough to get unbanked's bank accounts frozen for nine business days; the Tokyo District Court's August 31 dismissal of her claim let the freeze lift and gold bullion trading resume on September 2.
FinTech Global says AI Storm, an operator in its used-vehicle fund series, failed to re-register truck titles in the funds' name as required, and the wholesaler's own earnings-impact estimate is still pending.
Advance Create's amended half-year report discloses four straight loss-making years, a breached financing covenant and new material doubt about the Osaka insurance agency's ability to continue as a going concern.
A third-party investigation into ad-transaction and software accounting forces the Osaka insurer-comparison firm to restate prior results and set aside a loss it still hasn't finished counting.
Advance Create's corrected first-quarter filing shows liabilities now exceed assets by ¥6.1bn, and a breach of covenants tied to receivables-securitization contracts has pushed the company and its auditor to flag material doubt about its ability to keep operating.
Osaka insurance broker Advance Create has restated results for five straight fiscal years after a third-party panel found improper accounting in advertising bookings and software capitalization, a correction that pushed net worth to negative ¥6.56bn at one point before a preferred-share issue tied to SBI Holdings restored positive equity by September 2025.
unbanked's board ordered an independent probe after allegations that an outside figure known only as 'Mr. A' shaped management, funding and legal decisions. Directors accused of ties to him refused to answer the company's own email inquiry.
Towa Bank plans to sell about ¥11.3bn of securities for a ¥5.5bn gain, using it to absorb most of a ¥5.8bn uncollateralized loss from a single borrower, Zentoshin, and says its profit forecast for the year to March 2027 holds for now, subject to review at its August 4 earnings release.
One client's collapse leaves Towa Bank facing ¥8bn in troubled loans, worth 8.83% of its consolidated net assets, with ¥5.89bn due for full provisioning within the year.