Investigations, recalls, restatements, lawsuits and late filings at Japanese companies.
Suspected legal violations at an unnamed subsidiary pushed the company to set up a special investigation committee and defer business-report and financial-statement items from its June 26 shareholder meeting into a later continuation session. Even so, it separately resolved to pay an 18 yen year-end dividend while the accounts are still under review.
The corrected filing shows 7,726 million yen in sales and 122 million yen in net profit for the year ended March 31, while a separate notice proposes a 214 yen year-end dividend subject to shareholder approval on June 26.
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.
The company said it could not confirm compliance with the Growth market's market-capitalisation maintenance standard by the end of its improvement period, so the stock will be designated under review from June 1. Trading is set to continue while Tokyo Stock Exchange assesses its application to move to the Standard market, which the company says it meets on its own calculations.
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.
The catch: Aria Audit said it could not obtain enough evidence to verify three real-estate consulting related transactions booked in the final month of the year, leading to no-opinion reports on Espoir's financial statements and internal controls. The auditor said any required correction could leave the company with negative net assets for a second straight year, and Espoir is now looking for a successor auditor.