TOKYO, Apr 24 (Pulse News Wire) – V-cube,inc. (3681.T) established an independent investigation committee consisting of external experts following the discovery of irregular payments made to TEN Holdings, Inc., a former subsidiary.
The payments, totaling approximately, were allegedly unauthorized and misrepresented in the company’s consolidated financial statements as prepayment expenses. The company's board approved the formation of the committee on April 3, 2026, responding to requests from its auditing firm for further scrutiny. The committee includes renowned legal and accounting professionals such as Yoshiya Daichi, Tomoki Kojima, Kenji Kawae, and Kosuke Kawachu. Their mandate involves investigating the factual circumstances surrounding the payments, identifying similar cases, and recommending measures to prevent recurrence.
Regarding potential impacts on performance and future actions, V-Cube stated it would promptly disclose findings from the investigation. Additionally, the company continues negotiations with Nippon Kakushin Investment Co., Ltd. towards a final agreement, which could be affected by ongoing developments. V-Cube also noted it is preparing to file its December 2025 fiscal quarter securities report by March 31, 2026.
🟢 Confidence: High AI-translated content.