Source disclosure: January 14, 2026
CORREC HOLDINGS Inc. [6578.T]
TOKYO, Jan 14 (Pulse News Wire) – CORREC HOLDINGS Inc. (6578.T) announced plans to recognize a special gain in its fourth quarter ending February 28, 2026, due to a settlement agreement with the seller of Aoié Corporation.
In April 2024, CORREC HOLDINGS entered into a share purchase agreement with the seller of Aoié, completing the acquisition in May 2024. However, a review revealed inappropriate procedures in some grant applications related to Aoié's energy business, potentially violating warranties made by the seller.
As a result, the seller agreed to compensate CORREC HOLDINGS with a total amount of ¥82 million. The seller also resigned from Aoié’s board of directors effective January 12, 2026.
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