Investigations, recalls, restatements, lawsuits and late filings at Japanese companies.
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.
Kyushu Railway expects to reopen the Kumamoto to Shin-Minamata Shinkansen section on September 18 and the Kagoshima Main Line's Uto-Yatsushiro stretch by mid-October, but both dates could slip with aftershocks and the earthquake's cost to earnings is still being tallied.
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.
An auditor's disclaimer over suspect property buyback deals at Revolution's real estate subsidiary has drawn a Tokyo Stock Exchange special-caution designation, and the company now has until mid-October to publish a fix.
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.
Abalance Corporation must ask shareholders to approve its year-to-March 2026 accounts at a September 30 extraordinary meeting because its auditor issued a disclaimer of opinion, unable to verify paid-supply transaction accounting, internal controls or the going-concern assumption, and next year's audit contract remains unsettled.
Terumo cut its Singapore treasury subsidiary to one share on August 21 ahead of liquidation, and its own regulatory filing admits that disclosure was overdue, with no reason given for the delay.
US Commerce has opened a nationwide anti-circumvention investigation into solar cells and panels finished in Ethiopia with Chinese parts, and customs separately issued two detention notices, together covering $13,770 of cells, from the same Abalance-owned factory under forced-labor review; CBP has given no timeline for completing its review, and the nationwide investigation continues.
Nidec shareholders filed a formal demand on August 20 for the company to sue current and former directors over accounting misconduct, adding pressure on a liability investigation the company opened back in March that has yet to report its findings.
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 Kyoto rental-housing brokerage under Elitz Holdings stored tenant-applicant emails, some dating back to April 2021, in a cloud environment with inadequate access controls, a gap an outside researcher caught on August 17, and the company still cannot say whether any data actually got out.
Shinto Holdings disclosed on August 19 that ¥205mn earmarked for its own metal purchases was instead used to repay a bank, a related company and an individual, cover payroll and rent, and fund a loan to another subsidiary, spending that happened before the board approved the change or investors were told.
Sakata Seed's final forensic report ties a Japan server breach to a public remote-access point and a separate US subsidiary intrusion to remote-access login credentials, and says neither has produced confirmed data misuse to date.
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.
CHIeru is replacing the entire leadership of subsidiary Okijimu and cancelling all stock compensation for its eight directors after an investigation flagged bidding conduct that could breach Japan's ban on unreasonable trade restraints, though the company expects only a minor hit to results for the year ending March 2027.
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.
Kaneka's Osaka District Court claim against supplier Onamba covers recall costs only through March 2026, and Kaneka has already flagged that the ¥3.63bn bill for the 2024 solar cable recall will grow.
Kanadevia told Japan's transport ministry that a plant making bridges and marine structures used uncertified welders on 175 projects and falsified inspection and paint records for decades; the company says its own experts found no significant safety impact but plans further field checks on in-service bridges.
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.
Nissha's semiannual report for the six months to June 2026, originally due August 14, now must be filed by October 23 after regulatory approval, and its second-quarter earnings summary is tied to that same later deadline.
Tokyo Stock Exchange has given semiconductor-equipment maker J.E.T. until June 2027 to pass a re-examination after past accounting irregularities and a broken listing pledge, on top of a ¥28.8mn penalty and a ¥488mn restatement cleanup bill that helped push its half-year net loss to ¥1.06bn.
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.
ACSL's half-year filing shows North American drone sales rising to ¥1.02bn from ¥42.7mn a year earlier as US bans on Chinese-made drones lift its NDAA-compliant SOTEN, even as China's Ministry of Commerce placed the Tokyo firm on a watch list in June that tightens export screening for the dual-use parts it still sources from China.
A court-appointed administrator is running Showa Holdings after a reorganization petition from J Trust Asia, and the company says the accounting and audit work involved means no first-quarter earnings report will appear before its shares are delisted on August 25.