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SESC Latest Topics No.57＜May 2019＞

Last Updated : May 30, 2019

What’s New on the SESC Website

This page contains the latest in events, developments, and updates to the SESC website.

Press Releases

(Following press release is available in Japanese)

Market Misconduct

May 10, 2019:	Recommendation to impose an administrative penalty order against an officer of RUDEN HOLDINGS Co., Ltd. who recommended the purchase of shares of RUDEN HOLDINGS Co., Ltd. ＜Summary＞ The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 410,000 yen against an officer of RUDEN HOLDINGS Co., Ltd. Based on an inspection, the SESC determined that the offender had committed the offense of recommending the purchase of shares of RUDEN HOLDINGS Co., Ltd. to an acquaintance in violation of the Financial Instruments and Exchange Act.

May 10, 2019:

Recommendation to impose an administrative penalty order against an officer of RUDEN HOLDINGS Co., Ltd. who recommended the purchase of shares of RUDEN HOLDINGS Co., Ltd.

＜Summary＞

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 410,000 yen against an officer of RUDEN HOLDINGS Co., Ltd.

Based on an inspection, the SESC determined that the offender had committed the offense of recommending the purchase of shares of RUDEN HOLDINGS Co., Ltd. to an acquaintance in violation of the Financial Instruments and Exchange Act.

False Disclosure Statement

January 22, 2019:	Recommendation to impose an administrative penalty order against SHINYEI KAISHA for making false statements in its disclosure documents. ＜Summary＞ The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 12,000,000 yen against SHINYEI KAISHA ("Company"). Through an inspection for Company’s disclosure statements, the SESC confirmed that Company didn't record allowances for bad debts and overstated its sales from the fictitious transactions on clothing accessary products, which were conducted by Company's consolidated subsidiary, and, the SESC alleged that Company disclosed false statements in its annual security reports and quarterly reports.
January 18, 2019:	Recommendation to impose an administrative penalty order against TOHO METAL Co.,LTD for making false statements in its disclosure documents. ＜Summary＞ The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 12,000,000 yen against TOHO METAL Co.,LTD ("Company"). Through an inspection of Company's disclosure statements, the SESC confirmed that Company didn't record allowances for bad debts and overstated its sales from fictitious transactions on silicon carbide, which were conducted by Company, and, the SESC alleged that Company disclosed false statements in its annual security reports and quarterly reports.

January 22, 2019:

Recommendation to impose an administrative penalty order against SHINYEI KAISHA for making false statements in its disclosure documents.

＜Summary＞

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 12,000,000 yen against SHINYEI KAISHA ("Company"). Through an inspection for Company’s disclosure statements, the SESC confirmed that Company didn't record allowances for bad debts and overstated its sales from the fictitious transactions on clothing accessary products, which were conducted by Company's consolidated subsidiary, and, the SESC alleged that Company disclosed false statements in its annual security reports and quarterly reports.

January 18, 2019:

Recommendation to impose an administrative penalty order against TOHO METAL Co.,LTD for making false statements in its disclosure documents.

＜Summary＞

The SESC recommended that the Prime Minister and the Commissioner of the FSA impose an administrative penalty order of 12,000,000 yen against TOHO METAL Co.,LTD ("Company"). Through an inspection of Company's disclosure statements, the SESC confirmed that Company didn't record allowances for bad debts and overstated its sales from fictitious transactions on silicon carbide, which were conducted by Company, and, the SESC alleged that Company disclosed false statements in its annual security reports and quarterly reports.

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