TSI HOLDINGS CO.,LTD. [3608.T]
TOKYO, Apr 03 (Pulse News Wire) – TSI Holdings CO.,LTD. (3608.T) announced today that it has decided to initiate a voluntary recall of certain scooter models sold since around 2021 due to regulatory compliance issues.
The decision follows reports that Legaris Corporation, a supplier of the affected products, had falsely claimed compliance with domestic regulations when delivering these items to customers. The recalled products include several models such as SUPER73 SG1, SUPER73 ZX, and others. According to preliminary estimates, sales of the affected products amount to approximately ¥100 million. However, the exact quantity and value are still being verified. Customers who own these products are advised to cease their use immediately for safety reasons.
Affected customers can return the products for a refund or repair aimed at ensuring compliance with related laws. Detailed procedures can be obtained through the designated customer service hotline. TSI Holdings deeply regrets any inconvenience caused to its customers and requests understanding and cooperation. In response to this issue, TSI Holdings plans to strengthen its internal processes for verifying product compliance during introduction phases and reviewing labeling and sales methods. The company also stated that while a thorough assessment of potential impacts on its financial performance is ongoing, it expects the effects on its fiscal year ending February 2026 and February 2027 results to be minor.
Any necessary disclosures will be made promptly.
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