Source disclosure: February 26, 2026, 16:15 JST
Abalance Corporation [3856.T]
TOKYO, Feb 26 (Pulse News Wire) – Abalance Corporation (3856.T) disclosed today the findings from its verification committee’s audit report received on February 20, 2026. The committee reviewed the Third Party Committee Investigation Report published on December 17, 2025, and conducted a thorough examination of the handling of related-party transactions and recommendations for privacy protection measures.
The company stated that partial non-disclosure was applied due to confidentiality concerns. It plans to finalize the new management structure after receiving additional recommendations expected around March 10, 2026, and will announce the final decision at a special shareholders' meeting scheduled for April 10, 2026. Regarding inappropriate accounting practices identified in the investigation, Abalance acknowledged issues with revenue recognition and improper treatment of intercompany sales.
The company committed to implementing preventive measures based on the committee's recommendations and will disclose concrete actions once finalized. Abalance also addressed discrepancies in the verification committee's report concerning the loss of interest benefit rights for the Daewa Solar Power Plant contract, asserting that a memorandum had resolved the issue until July 15, 2025. In addition, the company highlighted deficiencies in timely disclosure practices, particularly concerning debt restructuring agreements and associated costs.
Abalance emphasized that while some disclosures were deemed necessary, others were considered unnecessary based on the circumstances surrounding the FIT expiration and subsequent negotiations.
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