TOKYO, Jun 19 (Pulse News Wire) – J.e.t.co.,ltd. (6228.T) entered a review period beginning June 18, 2026, due to accounting violations discovered during a special investigation into improper revenue recognition practices.
The Tokyo Stock Exchange also demanded a breach-of-contract fine of ¥28.8 million. In May 2026, the company disclosed findings from its internal committee investigating inappropriate accounting practices. It was found that senior management had engaged in premature revenue recognition and delayed reporting of sales figures, leading to false financial statements. Additionally, some executives misled auditors regarding semiconductor cleaning equipment status without disclosing these issues to regulators. As a result, J.E.T.Co. faces scrutiny over whether it meets the standards for listing on the Tokyo Stock Exchange's Standard Market.
The review period runs until June 18, 2027. Should the company fail to meet these criteria, its stock could face delisting. Alternatively, if it applies for a market segment change within this period, successful approval would allow continued listing. J.E.T.Co. deeply regrets causing inconvenience and concern among shareholders and investors. The company plans to address the deficiencies and implement effective preventive measures to restore trust.
Further updates will be provided as progress is made.
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