TOKYO, May 29 (Pulse News Wire) – Mikuni Corporation (7247.T) disclosed today the results of its internal investigation team's probe into fraudulent activities committed by a former employee of its Taiwan subsidiary, Taiwan Sangoku Co., Ltd., which occurred from August 2010 to December 2025. The total amount misappropriated was approximately ¥97 million Taiwanese dollars (equivalent to ¥487 million in Japanese yen).
Based on the findings, Mikuni has implemented several preventive measures, including a thorough review and strict enforcement of accounting procedures, restructuring personnel systems and operational processes, and enhancing compliance functions. Additionally, the company plans to reduce the surplus reserves for fiscal years prior to March 2023 and record special losses for the affected periods.
In the fiscal year ending March 2026, the company has already recorded a special loss of ¥29 million. Going forward, Mikuni stated it will fully cooperate with ongoing criminal proceedings and work towards recovering stolen funds while ensuring the implementation of preventive measures to restore trust.
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