Adventure, Inc. (Japan) will temporarily suspend preparations for an application to change its market segment to the Tokyo Stock Exchange (TSE) Prime Market. The decision was approved by the board of directors.
After uncovering issues at Tabikobo Co., Ltd., which became a consolidated subsidiary in October 2023—including the improper receipt of government subsidies, inappropriate capitalization of software, and the deferral of losses stemming from travel booking errors by a former employee—the group will prioritize strengthening its management and governance structure and will temporarily suspend preparations toward the market change application.
The company expects the impact on future business development to be minor.
