TOKYO, Mar 31 (Pulse News Wire) – KDDI Corporation (9433.T) disclosed findings from a special investigation committee revealing fake circular transactions conducted between Biglobe and G Plan from August 2018 to December 2025. The transactions involved approximately 99.7% of advertising agency sales revenue being fictitious.
The investigation found that the transactions had caused external outflows totaling ¥1,476 billion across fiscal years up to March 2026, impacting operating profit negatively by ¥329 billion cumulatively. The committee also identified key individuals responsible for initiating and continuing these transactions, including former employees A and B from G Plan and Biglobe.
The investigation highlighted issues within KDDI’s subsidiary management structure and recommended enhanced risk assessment and direct management oversight to prevent future occurrences. KDDI expects its management team to implement effective preventive measures aligned with the revised control framework.
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