Source disclosure: February 20, 2026
VALUE CREATION CO.,LTD. [9238.T]
TOKYO, Feb 20 (Pulse News Wire) – Value Creation CO.,LTD. (9238.T) disclosed today that its subsidiary transaction with KDDI’s subcompany, G-Plan Corp., has come under scrutiny due to suspected fraudulent advertising activities.
According to reports published by KDDI on January 14 and February 6, G-Plan was found to engage in inappropriate fictitious transactions within its advertising agency operations. An online media report on February 18 also mentioned Value Creation as part of these suspicious dealings. Value Creation confirmed the existence of ongoing transactions with G-Plan but stated that it had not yet received confirmation from KDDI’s special investigation committee regarding whether these transactions were indeed fictitious. The company has engaged two independent external lawyers and one certified public accountant to verify the legitimacy of the transactions.
As of now, Value Creation holds approximately ¥215 million in receivables related to these transactions, which KDDI’s investigation team indicated are still active contracts. Regarding the impact on performance, Value Creation halted new orders from G-Plan in December 2025. Details of the financial implications were previously outlined in their notice concerning the suspension of trading relationships, revisions to annual forecasts, dividend expectations, and the discontinuation of shareholder benefits programs. Moving forward, Value Creation plans to disclose further findings once the investigation concludes in April 2026.
The company emphasized there are currently no additional significant developments to report beyond those already communicated.
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