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 (negative conclusion), disclaimer of opinion (opinion or conclusion withheld), or qualified opinion (qualified conclusion) in the audit report (interim review report) attached to financial statements (quarterly financial statements, etc.).
List of Adverse Opinions and Disclaimers of Opinion
| Issue Name | Code | Document | Period | Date of Audit Report, etc. | Audit Opinion, etc. |
|---|---|---|---|---|---|
| Kushim,Inc. | 2345 | Annual securities report (consolidated and standalone financial statements) |
Year ending Oct. 2024 |
Apr. 28, 2025 | Disclaimer of opinion |
(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 Special 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.
- ･In the above table, information on Quarterly Earnings Reports (excluding second quarter earnings reports) is updated weekly.
List of Qualified Opinions
| Issue Name | Code | Document | Period | Date of Audit Report, etc. | Audit Opinion, etc. |
|---|---|---|---|---|---|
| Wedge Holdings CO.,LTD. | 2388 | Semiannual securities report (consolidated financial statements) |
H1 of year ending Sep. 2025 | May 15, 2025 | Qualified conclusion |
| PIXEL COMPANYZ INC. | 2743 | Quarterly earnings report (consolidated financial statements) |
Q1 of year ending Dec. 2025 |
May 14, 2025 | Qualified conclusion |
| SHINWA WISE HOLDINGS CO.,LTD. | 2437 | Quarterly earnings report (consolidated financial statements) |
Q3 of year ending May 2025 | Apr. 08, 2025 | Qualified conclusion |
| PIXEL COMPANYZ INC. | 2743 | Annual securities report (consolidated and standalone financial statements) |
Year ending Dec. 2024 |
Mar. 27, 2025 | Qualified opinion |
| SHINWA WISE HOLDINGS CO.,LTD. | 2437 | Semiannual securities report (consolidated financial statements) |
H1 of year ending May 2025 | Feb. 27, 2025 | Qualified conclusion |
| Showa Holdings Co.,Ltd. | 5103 | Quarterly earnings report (consolidated financial statements) |
Q3 of year ending Mar. 2025 | Feb. 14, 2025 | Qualified conclusion |
| Wedge Holdings CO.,LTD. | 2388 | Quarterly earnings report (consolidated financial statements) |
Q1 of year ending Sep. 2025 | Feb. 14, 2025 | Qualified conclusion |
| SHINWA WISE HOLDINGS CO.,LTD. | 2437 | Quarterly earnings report (consolidated financial statements) |
Q1 of year ending May 2025 | Jan. 20, 2025 | Qualified conclusion |
| TOKYO KOKI CO.LTD. | 7719 | Quarterly earnings report (consolidated financial statements) |
Q3 of year ending Feb. 2025 | Jan. 10, 2025 | Qualified conclusion |
Please refer to the Annual Securities Reports, Semiannual Securities Reports, Quarterly Securities Reports or Quarterly Earnings Reports (excluding second quarter earnings reports) of each company for the details of the qualified opinion and other information.
In the above table, information on Quarterly Earnings Reports (excluding second quarter earnings reports) is updated weekly.
(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.