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Japan Corporate Risk (Page 9)

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

  1. baby calendar's Ex-CFO Faces Embezzlement Complaint Over ¥9.26mn in Ad Revenue

    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.

  2. Nichirei Confirms Cyberattack Exposed Personal Data, Targets Full Recovery This Week

    Nichirei says personal information stored on some breached servers was exposed and is notifying those affected, while still withholding how the attack happened as it works with police and outside security specialists.

  3. LY Corporation's Data-Breach Reporting Duty to Regulators Finally Ends

    Japan's communications ministry and privacy watchdog accepted LY Corporation's final report on fixes to its 2023 data breach, closing off a compliance obligation that outlasted the original disclosure by nearly three years, though the one-page filing says nothing about what the regulators actually checked.

  4. Hokko Chemical Halts Two Okayama Units After Benzene-Laced Wastewater Leak

    A cracked lining in a wastewater pit let benzene, toluene and xylene escape near Hokko Chemical's Okayama plant, and the company has idled two synthesis units while regulators bar access to the coastal site.

  5. Aida Engineering delays quarterly results after suspected breach at Asian base

    Aida Engineering detected a likely breach at its Asian base on July 6 and is delaying its quarterly results to late August, past the usual 45-day reporting window, while saying no customer or partner data leak has been confirmed so far.

  6. Senko Group Rewrites Buyback Sign-Off Chain After Breaching Payout Limit

    Senko Group Holdings bought back treasury shares beyond what Japan's Companies Act allowed in December 2025, and its board has now approved new sign-off chains, standardized manuals and mandatory legal-review rules for future dividend and buyback decisions.

  7. US Jury Hits Kioxia Units With $229mn Verdict in Viasat Patent Case

    A Texas federal jury ruled that Kioxia's US and Japan subsidiaries infringed a Viasat patent, setting provisional damages of about $229mn (¥37.1bn) that Kioxia says it will contest.

  8. COTA's Ransomware Delay Drags Into a Second Earnings Cycle

    A March ransomware attack is still slowing COTA's books four months later: the TSE Prime-listed company says its first-quarter results will miss Japan's 45-day disclosure window, with no new date set, while its delayed full-year results are now due July 30.

  9. Cyberattack Forces Nichirei to Shut Down Systems, Halting Frozen-Food Shipments

    Nichirei confirmed a cyberattack on its servers and shut down group IT systems, halting refrigerated warehouse handling and frozen-food shipments while it checks whether customer data leaked.

  10. CAC Holdings Discloses a ¥5bn Loan Four Months After Signing It

    CAC Holdings admitted nearly four months late that it had signed a ¥5bn, unsecured, ten-year syndicated loan arranged by Sumitomo Mitsui Banking Corporation to fund acquisitions, a facility now bound by covenants on net assets and consecutive losses through 2036.

  11. Tokyo-listed unbanked calls in outside investigators after directors go silent on 'Mr. A' claims

    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.

  12. Towa Bank to Sell ¥11.3bn in Securities to Cover a Single Borrower's Bad Debt

    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.

  13. SMS Gateway Breach at Fabrica's Media 4u Exposes 95,412 Account Records

    A three-week gap between detection and disclosure left the SMS gateway of Fabrica Holdings' subsidiary Media 4u compromised, with hackers stealing management-console data on 95,412 accounts and sending 280 unauthorized text messages before the company went public with the breach.

  14. Toshin Holdings Enters Court-Supervised Restructuring After Accounting Fraud

    A dual-bookkeeping scheme at mobile-shop operator Toshin Holdings' handset subsidiary broke loan covenants, drew a Tokyo Stock Exchange delisting warning and ended with a court appointing trustees to run the company under corporate reorganization.

  15. Abalance Waited Seven Months to Tell Investors a Jinko Patent Fight Was Settled

    Abalance told investors on July 10 that a patent fight with Jinko Solar over eight subsidiaries was settled in December and dismissed in California and Texas by February, and pinned the months-long reporting delay on management turnover disrupting communication with its subsidiaries.

  16. Optoelectronics Breaches Loan Covenants on ¥587.6mn as Interim Loss Widens

    Optoelectronics breached financial covenants on ¥587.6mn of bank loans and widened its interim net loss to ¥287mn, triggering a going-concern flag it says its ¥5.15bn cash pile and steady lender relations resolve for now.

  17. Mikuni Restates Five Years of Filings After Fraud at Its Taiwan Subsidiary

    A former accountant at Mikuni's Taiwan subsidiary moved company funds into a personal account for years, and the discovery has forced the Tokyo auto-parts maker to correct five annual securities reports plus eight half-year and quarterly filings.

  18. CKD Subsidiary Loses ¥178mn in Five-Year Embezzlement Case, Executives Take Pay Cuts

    A former accountant at CKD's service subsidiary diverted company funds into a personal account for more than five years before his July 9 arrest; CKD has already booked the ¥178mn loss and is cutting pay for the executives on both sides of the reporting line.

  19. Grid Curtailment Costs Canadian Solar Infrastructure Fund ¥814.5mn in Rent This Year

    June's grid curtailment orders wiped ¥35.7mn off Canadian Solar Infrastructure Fund's rent, and the fund now says the cumulative hit for the six months to June has reached ¥814.5mn, or 17.85% of expected rental income, with a cable theft and a broken inverter dragging two more plants below their rent floor.

  20. Kyushu Electric's grid unit loses an unencrypted backup drive holding 13.5 million customer records

    An SSD backup drive holding 13.54 million customer records vanished from an unlocked cabinet at Kyushu Electric Power Transmission and Distribution, and METI has now received the company's formal account of what went wrong.

  21. A Cyberattack Froze Asahi's Japan Shipments, and Its Books Are Only Just Catching Up

    A cyberattack that froze Asahi's Japan order and shipping systems in September 2025 cut annual operating profit 30.9% to ¥185.9bn and delayed the results so long that the brewer now needs a September 2026 shareholders' meeting just to report them.

  22. Towa Bank Faces ¥8bn Exposure After Client's Bankruptcy Filing

    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.

  23. Kyodo Paper Holdings Books ¥70.4mn Loss After Tokyo Labour Bureau Voids Subsidy

    The number: the Tokyo Labour Bureau has cancelled Kyodo Paper Holdings' employment adjustment subsidy and confirmed a ¥70.4mn refund, which the paper wholesaler will book as an extraordinary loss in the first quarter of the fiscal year ending March 2027. The company had already applied to return the money voluntarily on June 26 and says it is tightening internal checks after the episode.

  24. Noritsu Koki admits late disclosure on Senqcia acquisition

    The catch: Noritsu Koki says a report required after its January 15 decision to buy Senqcia was left unfiled until July 3, even though the target had ¥35.41bn in sales in the year ended March 2025.