Investigations, recalls, restatements, lawsuits and late filings at Japanese companies.
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.
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.
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.
A third party planted malicious programs on customer servers at GMO Internet's Onamae.com Desktop Cloud, and trading-account login details stored there may have been misused. All plans stay offline, with no restart date and 26,739 servers potentially affected.
Pasona Group says subsidiary Pasona is under a Japan Fair Trade Commission investigation into dispatch fee-setting and that it is cooperating fully; the quarterly report gives no allegation or outcome, and full-year guidance is unchanged.
Ride On Express Holdings says up to about 6.5 million registrant records from its Gin no Sara, Kamatora and Sushi Jouto sites and apps may be exposed, though no leak is confirmed and official-channel ordering stays suspended.
Adventure says one of three separate intrusions exposed or may have exposed about 14.64mn skyticket records, including 4.13mn with hashed passwords, and it has suspended saved-card payments while it assesses the earnings impact.
Nihon M&A Center Holdings has formed a five-member independent committee to establish how two interim dividends exceeded the legal limit and to examine whether directors are responsible, with a report expected in late October 2026.
Nihon M&A Center Holdings says its December 2024 and December 2025 interim dividends exceeded the distributable amount by ¥71.7mn and ¥833.2mn, that no repayment will be sought from shareholders, and that an outside committee will examine director responsibility.
Ureru Net Advertising Group's shareholders' equity turned negative at the end of its year to July 2026 after a net loss that widened to ¥1.11bn, breaching the Tokyo Stock Exchange's minimum net-asset standard for Growth Market companies; the firm says a share exchange and share deliveries completed on August 10 already pushed net assets back into positive territory, though a formal compliance plan for the listing rule has yet to be published.
Tetsujin shares go under Tokyo Stock Exchange supervision from September 1 after the company failed to confirm its 25% free-float ratio by an improvement-period deadline, with delisting possible from March 2027 only if the exchange's review of an early-September filing still finds the ratio short.
A Japan Fair Trade Commission order against event contractor Cerespo has become the trigger for a ¥4.1bn penalty-and-damages suit from the liquidating Tokyo Olympic and Paralympic Games committee, filed at the Tokyo District Court in May and served on the company in late July.
Japan M&A Solution Incorporated faces a Tokyo District Court claim for ¥816.2mn tied to its advisory role in a 2023 share sale, though its contract limits any damages to the ¥23.8mn fee it earned and only if intentional misconduct or gross negligence is found.
A Tokyo court complaint accuses Japan M&A Solution of mishandling advice on a 2023 share sale, seeking ¥816.2mn in damages, but the company says its advisory contract limits any payout to the ¥23.8mn fee it earned on the deal.
Two Sunwels term loans, carrying balances of ¥321mn and ¥549mn, tripped their covenants this quarter, and lenders have only granted a principal repayment pause through September while the Parkinson's-care operator freezes new facility openings and absorbs a reimbursement-fee cut.
Harajuku Police Station has accepted a criminal complaint against baby calendar Inc.'s former CFO, accused of diverting ¥9.26mn in advertising revenue to a personal account, a case that already forced the company to correct prior financial filings.
Tameny said it can remove the going-concern note after ending March 2026 with net assets of ¥1.134bn and cash of ¥3.115bn, against ¥2.406bn of borrowings due within one year. A year earlier net assets were negative ¥694mn. The company credits share allotments totaling ¥2.049bn for the recovery and says the exchange confirmed it met the Growth Market's net-assets listing standard at end-March.
A correction to crypto-asset accounting and presentation left the year to March with JPY 14,159m of sales, JPY 211m of operating profit and a JPY 528m net loss. The company says the issue was classification, not new transactions, and now guides for JPY 1,270m of net income in the coming year.
Persol said the Japan Fair Trade Commission carried out on-site inspections on June 2 at Persol Tempstaff, Persol Excel HR Partners and MC Partners over suspected Antimonopoly Act violations tied to worker dispatch services, and the company said it will cooperate fully with the investigation. The case is still at the inspection stage, but it lands in a large business: Persol said it had 74,926 consolidated employees as of March 31, with 34,149 in Staffing, and that the segment count included about 20,000 indefinite-term dispatch staff while excluding about 100,000 registered temporary dispatch workers.
The company said year-end audit procedures found overstated deferred tax assets and an unrecorded valuation loss on a subsidiary's investment securities, leading to a ¥31.908 million tax-line correction and recognition of an ¥8.804 million valuation loss. The corrected filing shows a net loss attributable to shareholders of ¥1.268 billion, so this is an audit clean-up rather than a new operating surprise.
Convano's corrected results for the year to March 2026 cut revenue to ¥15.44 billion from ¥15.50 billion, operating profit to ¥1.484 billion from ¥1.795 billion and widened the loss attributable to owners to ¥1.178 billion from ¥951 million. A review of expense classification, the treatment of 10 million subsidiary-held shares as treasury stock and a tax-related correction all fed into the reset. The yen guidance for next year stayed in place, but forecast EPS fell to ¥11.67 from ¥12.25.
Value Creation said G-Plan-related transactions previously booked as sales and outsourcing costs will be cancelled and treated as non-operating income, a change that cut sales for the year ended February 2025 to 3,071,001 thousand yen from 3,431,976 thousand yen and turned operating profit into a 233,904 thousand yen loss from a 121,616 thousand yen profit. The company then booked impairments and concluded deferred tax assets were no longer recoverable, extending corrections across reports from the year ended February 2024 to the first nine months of the year ending February 2026.