Recommendation against Zhu Shang Riaruteimanezimento K.K.

住商リアルティ・マネジメント株式会社 (Financial Instruments and Exchange Act)
Financial Instruments and Exchange ActSecurities and Exchange Surveillance CommissionNovember 11, 2025

Action summary

Company
Original: 住商リアルティ・マネジメント株式会社
Corporate Number: 1010001112429
Governing law
Financial Instruments and Exchange Act
金融商品取引法
Action type
Recommendation
勧告
Action date
November 11, 2025
Issuing authority
Securities and Exchange Surveillance Commission
証券取引等監視委員会

Violation

Machine-translated summary — verify against original

The company conducted hearings with multiple real estate appraisers regarding yield and land value, and upon realizing that the company's self-assessed price level (based on these hearings) did not meet the acquisition price desired by the parent company, it provided property information to another appraiser before internal approval procedures and obtained an estimated appraisal value. As a result, the company engaged in inappropriate conduct to obtain an appraisal value that meets the price proposed by the parent company.

Show original Japanese text

当社は、複数の不動産鑑定業者に「利回り感」や「更地価格」等のヒアリングを行い、当該ヒアリングを踏まえた本物件の価格水準(自己査定)が、親会社から提示された他社の取得希望価格とする価格に満たないことを把握すると、内規に反し、社内稟議前の段階から別の不動産鑑定業者に物件情報を提供し概算鑑定額を聴取した。その結果、親会社からの提示価格を満たす不動産鑑定評価額を得るために不適切な働きかけを行った。

Source

Original Securities and Exchange Surveillance Commission announcement (in Japanese)

The original Japanese disclosure is the authoritative record.

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Company info

English name
Zhu Shang Riaruteimanezimento K.K. Romanized
Japanese name
住商リアルティ・マネジメント株式会社
Corporate Number
1010001112429
Registered address
東京都中央区京橋1丁目17番10号
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About this recordAggregated and translated from public Japanese government disclosures. The English text is for reference only — authoritative content is the linked Japanese source.