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Japan Corporate Risk (Page 3)

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

  1. Digital Arts finds intruder traces dating to July 2025 in cloud operations, asks all cloud users to change passwords

    Digital Arts says stolen operating credentials gave a third party access to its cloud environment, with traces dating to around July 2025; as of noon on October 21 it had not confirmed data exfiltration, and it asks users of six cloud services to change passwords.

  2. Antitrust inspectors visit an Arata subsidiary over suspected resale price maintenance

    Arata said a consolidated subsidiary received a Japan Fair Trade Commission on-site inspection on suspicion of resale price maintenance, and that it will cooperate fully; the notice gives no financial impact.

  3. Nidec panel says nine ex-officers are liable to the company, leaves the sum to a court

    Nidec's liability committee found nine former officers liable and counted ¥22.2bn of investigation costs among the company's losses, but did not apportion damages. Nidec says it is still considering whether to sue.

  4. Nakayama Steel restarts fire-hit hot-rolling mill, but costs remain unquantified

    Nakayama Steel resumed hot rolling on October 17 after the September 12 fire, but downstream lines are still returning to normal in stages, the cause is under investigation and the financial hit has not been quantified.

  5. Ransomware at a Toho Holdings subsidiary leaks healthcare-worker booking data

    Ransomware attackers took data from a database run by a non-consolidated Toho Holdings subsidiary, including healthcare workers' names and booking details, while recordings and content files were not on the database and the affected record count is unknown.

  6. Joshin suspends some services after network intrusion, leak not ruled out

    Joshin Corporation says a third party accessed its network without authorization and some services are unavailable; the company recognized the access on October 16 and has filed a first report with Japan's privacy regulator because a personal-data leak cannot be ruled out.

  7. Ymirlink says intruders pulled about nine million records from five email-service systems

    Ymirlink estimates that about 9 million cumulative records, including email addresses, were extracted from five systems behind its email delivery service, with the count of affected people and any earnings impact still unreported.

  8. TradeWorks says a setup flaw exposed up to 4,611 Iwai Cosmo customers' data

    TradeWorks says it will bear all costs after a misconfigured admin function in the trading system it supplies to Iwai Cosmo Securities may have exposed names and email addresses of 4,611 customers, and it is checking its other financial-institution clients.

  9. Santen's Chinese venture seeks bankruptcy, with the parent's ¥2bn loan already fully provisioned

    Santen Pharmaceutical's Chongqing joint venture, in liquidation since 2024, will apply for bankruptcy with about ¥3.3bn of liabilities, but the company says a fully provisioned ¥2bn loan means no new loss.

  10. Nidec receives officer-liability report and will weigh damages claims next

    Nidec has the committee report on whether current and former officers are legally liable for its accounting misconduct; the notice gives no findings, promises a redacted version later, and says damages claims will be deliberated next.

  11. Kirin says hackers took data on 785,000 Fancl and Attenir members

    Unauthorised access to the Fancl and Attenir online shops between 3 and 10 October exposed data on 368,184 Fancl and 417,312 Attenir members, Kirin said; it excludes card details, and the earnings effect is under review.

  12. Bookoff adds occupation and nickname to data possibly leaked, but affected-member count is unchanged

    Bookoff Group Holdings corrected its breach disclosures to add occupation and nickname to the member data that may have leaked, while the affected-person count of about 6.38 million and the record count stay unchanged.

  13. Yellow Hat puts confirmed breach at 1,797,124 members, with addresses and birth dates exposed

    Yellow Hat says log analysis fixes the number of affected members at 1,797,124, slightly below its first estimate, but adds addresses, birth dates, gender and login IDs to the data taken; the booking system has restarted and the final report has gone to the privacy regulator.

  14. Pasona says staffing subsidiary is under JFTC investigation over dispatch fee-setting

    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.

  15. Medley suspends @link healthcare platform after confirmed intrusion

    Medley suspended its @link medical-institution system and patient app on October 14 after confirming unauthorized access; patient data may have leaked from as many as 787 institutions, and no restart date has been given.

  16. Consec sets up outside probe after paying ¥47mn more dividend than the law allowed

    Consec says its auditor found the final dividend for the year to March 2025 exceeded the legal distributable amount by ¥47mn; shareholders need not repay, and an outside committee will examine causes and responsibility.

  17. Beauty Garage says 775,725 customer records leaked in website intrusion

    Intruders reached Beauty Garage's servers between 10 and 12 October, and the company has confirmed 775,725 leaked records covering salon names, customer names, emails and phone numbers; it is still assessing the earnings impact.

  18. FIXER flags going-concern doubt after a ¥2.302bn net loss

    After a ¥2.302bn net loss and a ¥2.239bn operating cash outflow, FIXER says a material uncertainty over its going-concern basis remains, with a ¥1.547bn cost cut under way and financing talks still unsettled.

  19. Shibuya hit with $38.3mn US patent damages award, plans appeal

    A Delaware federal court found Shibuya infringed Steuben Foods patents and awarded $38.3mn in damages plus $10.3mn in prejudgment interest; the company plans to appeal and has yet to size the hit to its year to June 2027.

  20. Wel-Dish says annual results will miss the 50-day mark, with Q3 still unpublished

    Wel-Dish has no date for its third-quarter or annual results, and says it plans to correct earlier years, though the periods affected and the amounts are still being determined.

  21. AEON Mall books ¥536mn quake loss as Kumamoto accident inquiry continues

    AEON Mall booked a ¥536mn disaster loss and says an accident committee is still investigating the Kumamoto mall explosion and Uki ceiling collapse, while operating profit hit a record ¥44.0bn for the half year.

  22. Treasure Factory subsidiary confirms 136,464 people hit by phishing-led data breach

    Treasure Factory says credential theft through a phishing email caused the breach at its subsidiary, which had no two-step authentication; 136,464 people are affected, passkey authentication now covers all staff accounts and no misuse is confirmed.

  23. Ride On Express warns up to 6.5 million sushi-delivery records may have leaked

    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.

  24. Arclands restatement cuts year's net profit 26% after pet-unit accounting probe

    Arclands cut net profit for the year to February 2026 from ¥8.09bn to ¥5.95bn after a special committee found a pet-business subsidiary group used consolidation numbers that differed from its accounting system.

Japan Corporate Risk (Page 3) | Tokyo Brief