Tsubota Laboratory Incorporated [4890.T]
TOKYO, May 20 (Pulse News Wire) – Tsubota Laboratory Incorporated (4890.T) announced today that its board of auditors resolved to appoint a new auditor effective June 23, 2026, marking the conclusion of the term of the incumbent auditor. The company's current auditor, Azusa Accounting Firm, will conclude their term upon the close of the 14th regular shareholders' meeting scheduled for June 23, 2026.
In light of the firm’s five-year tenure since the initial audit contract, which aligns well with the company's growth stage, Tsubota Laboratory decided to review its auditing approach comprehensively. After evaluating multiple accounting firms based on factors such as understanding of the company's business characteristics, audit quality, independence, and cost-effectiveness relative to enterprise size, the board selected Taiyou Certified Public Accountants as the successor. Taiyou Certified Public Accountants, located at Tokyo, Minato Ku Moto Akasaka Ichi Choume, will take over the role from Azusa Accounting Firm, whose representatives include Namba Hiroyasu and Takaura Akitoshi.
The incoming team comprises Ishikawa Shiki and Kado Shinichi. The decision was made considering the deep understanding of Tsubota Laboratory’s operations, independent standing, robust quality management systems, and reasonable costs associated with the new firm. Both the outgoing and incoming auditors did not express any particular opinions regarding the transition.
The board of auditors deemed the process fair and appropriate.
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