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Mar. 27, 2026 TSEJPX-R Measures Taken by IPO Stakeholders in Response to Accounting Fraud Cases at the Time of Initial Listing

In response to recent cases of accounting fraud at the time of initial public offerings (IPOs), Tokyo Stock Exchange, Inc. and Japan Exchange Regulation announced measures to prevent recurrence by the exchange in December 2025. Given that the Japanese Institute of Certified Public Accountants and Japan Securities Dealers Association have each announced their own measures, we are publishing a summary of the responses of IPO stakeholders. For details, please refer to the attached document.