Tabikobo has received a notice from the Tokyo Labour Bureau canceling previous payment decisions for Japan’s Employment Adjustment Subsidy.
The Special Investigation Committee determined that the company created false application documents claiming business suspension despite not actually suspending operations, and received Employment Adjustment Subsidy payments to which it was not entitled. The company reported to the Tokyo Labour Bureau that the subsidies it received for the assessment base period from March 16, 2020, to November 30, 2022, were improperly obtained.
The amount to be returned, including penalties and late fees, is 778,375,928 yen. The impact on results for the fiscal year ending June 2025 is currently under review.
Notice
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