Recommendation for an administrative monetary penalty payment order for Kyokuto Co., Ltd. regarding false statements in securities reports, etc.

News Corporate Finance & M&A General Updates

Date: 10th Dec, 2024 Source: Securities and Exchange Surveillance Commission Country: Japan Original Source

Brief

"On "10/12/2024", the "Securities and Exchange Surveillance Commission" issued an update regarding "Recommendation for an administrative monetary penalty payment order for Kyokuto Co., Ltd. regarding false statements in securities reports, etc.". The company allegedly engaged in irregular accounting processing of excessive operating income, resulting in 4 reports containing false statements between FY2022-Q2 and FY2023-Q4. A total administrative monetary penalty payment of Â¥15 million is recommended."

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Securities and Exchange Surveillance Commission

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Recommendation for an administrative monetary penalty payment order for Kyokuto Co., Ltd. regarding false statements in securities reports, etc.

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Recommendation for an administrative monetary penalty payment order for Kyokuto Co., Ltd. regarding false statements in securities reports, etc.

Brief

Securities and Exchange Surveillance Commission

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