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Adverse Opinions, Qualified Opinions, and Disclaimers of Opinion

This list is provided for the purpose of alerting investors to listed companies that have received an adverse opinion, disclaimer of opinion, or qualified opinion in the audit report (quarterly review report) attached to financial statements (quarterly financial statements, etc.).

Archives:

List of Adverse Opinions and Disclaimers of Opinion

Issue Name Code Document Period Date of Audit Report, etc. Audit Opinion, etc.
PIXEL COMPANYZ INC. 2743 Quarterly earnings report
(consolidated financial statements)
Q3 of year ending Dec. 2024 Nov. 12, 2024 Disclaimer of conclusion
PIXEL COMPANYZ INC. 2743 Semiannual securities report
(consolidated financial statements)
H1 of year ending Dec. 2024 Nov. 12, 2024 Disclaimer of conclusion
PIXEL COMPANYZ INC. 2743 Correction of annual securities report
(consolidated and
standalone financial statements)
Year ending Dec. 2023
Year ending Dec. 2022
Year ending Dec. 2021
Nov. 12, 2024 Disclaimer of opinion
PIXEL COMPANYZ INC. 2743 Correction of quarterly report
(consolidated financial statements)
Q1 of year ending Dec. 2024
Q3 of year ending Dec. 2023
Q2 of year ending Dec. 2023
Q1 of year ending Dec. 2023
Q3 of year ending Dec. 2022
Q2 of year ending Dec. 2022
Q1 of year ending Dec. 2022
Q3 of year ending Dec. 2021
Q2 of year ending Dec. 2021
Q1 of year ending Dec. 2021
Nov. 12, 2024 Disclaimer of conclusion
Aqualine Ltd. 6173 Quarterly report
(consolidated financial statements)
Q1 of year ending Feb. 2025 Oct. 10, 2024 Disclaimer of conclusion
GOODSPEED.CO.,LTD. 7676 Quarterly earnings report
(consolidated financial statements)
Q3 of year ending Sep. 2024 Aug. 14, 2024 Disclaimer of conclusion
Wellco Holdings Corporation 7831 Quarterly report
(consolidated financial statements)
Q2 of year ending Oct. 2024 Jul. 16, 2024 Disclaimer of conclusion
Sanyo Engineering & Construction Inc. 1960 Annual securities report
(consolidated and
standalone financial statements)
Year ending Mar. 2024 Jun. 25, 2024 Disclaimer of opinion
Sanyo Engineering & Construction Inc. 1960 Correction of quarterly report
(consolidated financial statements)
Q3 of year ending Mar. 2024
Q2 of year ending Mar. 2024
Q1 of year ending Mar. 2024
May 27, 2024 Disclaimer of conclusion
GOODSPEED.CO.,LTD. 7676 Quarterly report
(consolidated financial statements)
Q2 of year ending Sep. 2024
May 15, 2024 Disclaimer of conclusion
GOODSPEED.CO.,LTD. 7676 Quarterly report
(consolidated financial statements)
Q1 of year ending Sep. 2024
Apr. 09, 2024 Disclaimer of conclusion
GOODSPEED.CO.,LTD. 7676 Correction of annual securities report
(consolidated and
standalone financial statements)
Year ending Sep. 2022
Year ending Sep. 2021
Mar. 29, 2024 Disclaimer of opinion
GOODSPEED.CO.,LTD. 7676 Annual securities report
(consolidated and
standalone financial statements)
Year ending Sep. 2023 Mar. 29, 2024 Disclaimer of opinion
GOODSPEED.CO.,LTD. 7676 Correction of quarterly report
(standalone financial statements)
Q3 of year ending Sep. 2021
Q2 of year ending Sep. 2021
Q1 of year ending Sep. 2021

Mar. 29, 2024 Disclaimer of conclusion
GOODSPEED.CO.,LTD. 7676 Correction of quarterly report
(consolidated financial statements)
Q3 of year ending Sep. 2023
Q2 of year ending Sep. 2023
Q1 of year ending Sep. 2023
Q3 of year ending Sep. 2022
Q2 of year ending Sep. 2022
Q1 of year ending Sep. 2022
Mar. 29, 2024 Disclaimer of conclusion
ARDEPRO Co.,Ltd. 8925 Quarterly report
(consolidated financial statements)
Q2 of year ending Jul. 2024 Mar. 15, 2024 Disclaimer of conclusion
TOKYO SANGYO CO.,LTD. 8070 Quarterly report
(consolidated financial statements)
Q3 of year ending Mar. 2024 Feb. 14, 2024 Disclaimer of conclusion
TOKYO SANGYO CO.,LTD. 8070 Quarterly report
(consolidated financial statements)
Q2 of year ending Mar. 2024 Jan. 15, 2024 Disclaimer of conclusion
(Note)
  • ・In the case of an adverse opinion or disclaimer of opinion, if TSE deems that it clear that it will be difficult to ensure an orderly market unless the company is immediately delisted, the company will be delisted. If TSE deems that improvement of the internal control system is necessary, the company may be designated as Securities on Alert or be required to submit an improvement report.
  • ・"Details of and Reasons for Audit Opinion, etc.“ documents (in Japanese only), posted in place of the listed company’s disclosure documents, can be found on the Japanese website.

List of Qualified Opinions

Issue Name Code Document Period Date of Audit Report, etc. Audit Opinion, etc.
Wedge Holdings CO.,LTD. 2388 Annual securities report
(consolidated financial statements)
Year ending Sep. 2024 Dec. 27, 2024 Qualified opinion
Showa Holdings Co.,Ltd. 5103 Semiannual securities report
(consolidated financial statements)
H1 of year ending Mar. 2025 Nov. 14, 2024 Qualified conclusion
SHINWA WISE HOLDINGS CO.,LTD. 2437 Correction of quarterly report
(consolidated financial statements)
Q3 of year ending May 2024
Q2 of year ending May 2024
Q1 of year ending May 2024
Q3 of year ending May 2023
Q2 of year ending May 2023
Q1 of year ending May 2023
Q3 of year ending May 2022
Q2 of year ending May 2022
Q1 of year ending May 2022
Q3 of year ending May 2021
Q2 of year ending May 2021
Q1 of year ending May 2021
Q3 of year ending May 2020
Q2 of year ending May 2020
Q1 of year ending May 2020
Nov. 01, 2024 Qualified conclusion
SHINWA WISE HOLDINGS CO.,LTD. 2437 Correction of annual securities report
(consolidated financial statements)
Year ending May 2023
Year ending May 2022
Year ending May 2021
Year ending May 2020
Year ending May 2019
Nov. 01, 2024 Qualified opinion
SHINWA WISE HOLDINGS CO.,LTD. 2437 Annual securities report
(consolidated financial statements)
Year ending May 2024
Nov. 01, 2024 Qualified opinion
THE WHY HOW DO COMPANY,Inc. 3823 Correction of annual securities report
(consolidated and standalone financial statements)
Year ending Aug. 2019
Oct. 15, 2024 Qualified opinion
TOKYO KOKI CO.LTD. 7719 Semiannual securities report
(consolidated financial statements)
H1 of year ending Feb. 2025
Oct. 11, 2024 Qualified conclusion
Wedge Holdings CO.,LTD. 2388 Quarterly earnings report
(consolidated financial statements)
Q3 of year ending Sep. 2024 Aug. 14, 2024 Qualified conclusion
Showa Holdings Co.,Ltd. 5103 Quarterly earnings report
(consolidated financial statements)
Q1 of year ending Mar. 2025 Aug. 14, 2024 Qualified conclusion
TOKYO KOKI CO.LTD. 7719 Quarterly report
(consolidated financial statements)
Q1 of year ending Feb. 2025
Jul. 11, 2024 Qualified conclusion
Showa Holdings Co.,Ltd. 5103 Annual securities report
(consolidated financial statements)
Year ending Mar. 2024 Jun. 26, 2024 Qualified opinion
TOKYO KOKI CO.LTD. 7719 Correction of quarterly report
(consolidated financial statements)
Q3 of year ending Feb. 2024
Q2 of year ending Feb. 2024
Q1 of year ending Feb. 2024
Q3 of year ending Feb. 2023
Q2 of year ending Feb. 2023
Q1 of year ending Feb. 2023
Q3 of year ending Feb. 2022
Q2 of year ending Feb. 2022
Q1 of year ending Feb. 2022
May 30, 2024 Qualified conclusion
TOKYO KOKI CO.LTD. 7719 Correction of annual securities report
(standalone financial statements)
Year ending Feb. 2023
Year ending Feb. 2022
Year ending Feb. 2021
Year ending Feb. 2020
May 30, 2024 Qualified opinion
TOKYO KOKI CO.LTD. 7719 Correction of annual securities report
(consolidated financial statements)
Year ending Feb. 2023
Year ending Feb. 2022
Year ending Feb. 2021
Year ending Feb. 2020
Year ending Feb. 2019
May 30, 2024 Qualified opinion
TOKYO KOKI CO.LTD. 7719 Annual securities report
(consolidated and
standalone financial statements)
Year ending Feb. 2024 May 30, 2024 Qualified opinion
Wedge Holdings CO.,LTD. 2388 Quarterly report
(consolidated financial statements)
Q2 of year ending Sep. 2024 May 15, 2024 Qualified conclusion
Samty Co.,Ltd. 3244 Annual securities report
(consolidated financial statements)
Year ending Nov. 2023 Feb. 28, 2024 Qualified opinion
Wedge Holdings CO.,LTD. 2388 Quarterly report
(consolidated financial statements)
Q1 of year ending Sep. 2024 Feb. 14, 2024 Qualified conclusion
Showa Holdings Co.,Ltd. 5103 Quarterly report
(consolidated financial statements)
Q3 of year ending Mar. 2024 Feb. 14, 2024 Qualified conclusion
TOKYO KOKI CO.LTD. 7719 Quarterly report
(consolidated financial statements)
Q3 of year ending Feb. 2024 Jan. 11, 2024 Qualified conclusion

Please refer to the Annual Securities Reports or Quarterly Securities Reports of each company for the details of the qualified opinion and other information.

(Note)
  • ・EDINET is an electronic disclosure system operated by the Financial Services Agency for statutory disclosure (securities reports and other disclosure documents) required under the Financial Instruments and Exchange Act.
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