GEO HOLDINGS CORPORATION [2681.T]
TOKYO, Jun 11 (Pulse News Wire) – Geo Holdings Corporation (2681.T) received a directive from the Consumer Affairs Agency, concerning its subsidiary Geo Store's promotional campaign involving higher buyback prices for smartphones, tablets, and mobile phones. The directive was based on Article 7, Paragraph 1 of the Unfair Competition Prevention Act.
The campaign, which ran from May 12, 2025, to November 9, 2025, included six phases with varying increases in buyback prices ranging from 10% to 20%. Specific campaigns involved special offers during certain weeks and days, such as a 15% increase on Tuesdays from June 9 to August 3, 2025.
Geo Holdings stated it takes the notice seriously and will enhance compliance training for employees and management, improve oversight mechanisms, and prevent similar issues from recurring. The company noted that the impact on future performance is still being assessed and will disclose any significant developments promptly.
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