The Tokyo Stock Exchange (TSE) in Japan has designated Tabikobo as a Securities on Alert issue.
The reason cited is Article 503, Paragraph 1, Item (3) of the Securities Listing Regulations, for violating timely disclosure rules and being recognized as having a high need to improve its internal control systems.
The exchange stated that the company improperly accounted for Employment Adjustment Subsidy and Emergency Employment Stabilization Subsidy funds that it had fraudulently received, and made false disclosures in violation of the listing rules. Determining that there is a strong need to improve its internal control systems, it designated the company as a Securities on Alert issue.
The exchange will also collect 9.6 million yen as a penalty for breach of the listing agreement.
Notice
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