Surcharge Payment Order Records in Japan

The Fair Trade Commission ordered Subaru Kogyo to pay a surcharge of 5,282,500 yen for involvement in bid-rigging related to road cleaning services, including activities such as determining bidders, selecting cooperators, preparing and providing cost breakdowns, and submitting or withdrawing bids, from at least May 22, 2017.

The Consumer Affairs Agency issued an order to pay a surcharge to Excom Global Corporation regarding the display related to their mobile router rental service called 'Imoto no WiFi', based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Japan Fair Trade Commission has ordered Dentsu Group Inc. to pay a revised surcharge related to a violation of the Anti-Monopoly Act, following an investigation into bid-rigging concerning Tokyo 2020 Olympic test events.

Based on the measure order issued by Saitama Prefecture on March 14, 2023, under Article 7, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations, a surcharge payment order was issued regarding the representations related to the service called "Beauty Pelvic Correction + Selectable Latest 5 Types of Slimming Diet" supplied at the store operated by Kumano Co., Ltd., called "Premium Body Balance."

On March 28, 2023, Tokyo issued a surcharge payment order based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations concerning the display related to the quasi-drug called 'Anlinkur' supplied by M&M Corporation, following a measure order issued under Article 7, Paragraph 1 of the same Act.

A surcharge payment order was issued to Hahaha Lab Co., Ltd. regarding the labeling of the functional food product called 'Meratt' supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Order for payment of surcharge against Forest Well Corporation under the Act against Unjustifiable Premiums and Misleading Representations

The Consumer Affairs Agency and the Fair Trade Commission (Kyushu Office) issued a surcharge payment order to Shin Nihon Enex Co., Ltd. based on their investigation into the representations related to solar power generation system equipment, including storage batteries supplied by the company, and the construction involved in their installation, in accordance with Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Saitama Prefecture issued a surcharge payment order to Yum Group Co., Ltd. based on the measures ordered under Article 7, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations on June 11, 2020. This pertains to the display related to the product called '3D Mask 30-Count Set' supplied by the company.

A surcharge payment order was issued based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations regarding the display of functional foods called 'Kinari Takumi' and 'Kinari Goku' supplied by the company.

A surcharge payment order was issued to Toa Sangyo Co., Ltd. regarding the display related to the product called 'Virus Shut Out' supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Consumer Affairs Agency issued a surcharge payment order to Ad Power Solutions Corporation regarding displays related to products that claim to improve fuel efficiency of four-wheeled vehicles, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Decision to order payment of surcharge for false statements in the change report related to Sakai Holdings Co., Ltd. stocks

The Consumer Affairs Agency and the Fair Trade Commission issued a surcharge payment order to Hokkaido Electric Power Co., Inc. regarding representations related to retail supply transactions of household electricity and city gas supplied by the company, based on the results of their investigation and in accordance with Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Financial Services Agency ordered Yoshimura Food Holdings to pay a penalty of 1,110,000 yen on December 2, 2024, for insider trading involving an executive and an information recipient.

On December 2, 2024, the Financial Services Agency ordered Tokyo Sangyo Co., Ltd. to pay a surcharge for false statements in securities reports.

The Financial Services Agency issued a surcharge payment order on December 2, 2024, to C&F Logi Holdings Inc. for insider trading related to its shares, involving an employee of the public tender offeror who received information.

The Financial Services Agency ordered 株式会社日本創発グループ to pay a penalty of 550,000 yen for market manipulation related to its stock, based on inspection results. The order was issued on December 2, 2024.

The Financial Services Agency issued a surcharge payment order to THE WHY HOW DO COMPANY (K.K.) on December 2, 2024, for false statements in securities reports under the Financial Instruments and Exchange Act.

The Financial Services Agency, based on the inspection results regarding the dissemination of rumors related to Human Metabolome Technologies Inc. from the Securities and Exchange Surveillance Commission, issued a recommendation for a surcharge payment order. On August 2, 2024, a decision was made to initiate adjudication proceedings (Reiwa 6 Year (Han) No. 15 Financial Instruments and Exchange Act violation case). The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 12 of the Financial Instruments and Exchange Act (hereinafter referred to as the 'Financial Instruments and Exchange Act') and the amount of surcharge payable. Following this, the adjudicator submitted a draft decision to order the payment of the surcharge based on the provisions of Article 185-6 of the Financial Instruments and Exchange Act. Accordingly, a decision was made as follows.

The Financial Services Agency ordered Taisei Corporation to pay a surcharge of 1,730,000 yen for insider trading based on inspection results from the Securities and Exchange Surveillance Commission. The order was finalized after a trial process.

The Financial Services Agency has ordered Quantum Solutions Inc. to pay a penalty of 6 million yen for false statements in quarterly reports, as per the Financial Instruments and Exchange Act on October 28, 2024.

On June 21, 2024, a decision was made to commence a trial procedure (Case No. 10 of the 2024 fiscal year, violation of the Financial Instruments and Exchange Act) following a recommendation from the Financial Instruments and Exchange Commission to impose a surcharge based on the results of an inspection of an employee involved in contract negotiations with Stream Media Corporation. The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 17 of the Financial Instruments and Exchange Act (hereinafter referred to as the 'Financial Instruments and Exchange Act') and the amount of surcharge payable. Based on this, a draft decision to order the payment of the surcharge was submitted by the trial judge pursuant to Article 185-6 of the Financial Instruments and Exchange Act, leading to the following decision.

Regarding the order to pay the surcharge, a correction decision was made on October 9, 2024, for the surcharge payment order decided on August 27, 2024 (PDF: 88KB).

Based on the results of an inspection regarding false accounting related to five investment units of Nomura Real Estate Master Fund Investment Corporation, a recommendation was made for a surcharge payment order. A decision was made to initiate a trial procedure. The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 12 of the Financial Instruments and Exchange Act and the amount of surcharge to be paid. Accordingly, a draft decision to order the payment of the surcharge was submitted based on the provisions of Article 185-6 of the Financial Instruments and Exchange Act. Therefore, it was ordered that the surcharge be paid into the national treasury.

Decision to order payment of administrative monetary penalty for false statements in quarterly reports at Ardepro Co., Ltd.

The Consumer Affairs Agency issued a surcharge payment order to Fujitsu Client Computing Limited regarding the display related to their supplied notebook computers, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Order to pay the surcharge to the national treasury as specified for the respondent.

On July 22, 2024, the Financial Services Agency ordered (Company) Image One to pay a surcharge of 65,070,000 yen for false statements in securities reports.

The Financial Services Agency has ordered Aqua Line Co., Ltd. to pay a surcharge of 42,060,000 yen for false statements in securities reports, in accordance with the Financial Instruments and Exchange Act on July 22, 2024.

Decision to order payment of surcharge for false statements in securities reports by Sakai Holdings Co., Ltd.

Order to Sincia Komuten Co., Ltd. to pay surcharge to the national treasury.

Decision to order payment of surcharge for failure to submit large shareholding reports related to Mitsuboshi Kabushiki Co., Ltd.

The Northern Shin Branch of the Nagano Prefecture Petroleum Business Association was ordered to pay a surcharge of 11,658,000 yen for violating the Antimonopoly Act by determining and communicating price revisions for specific volatile oils sold by its members.

On June 25, 2024, the Financial Services Agency ordered 株式会社EduLab to pay a surcharge of 237,055,000 yen for false statements in securities reports.

The Financial Services Agency issued a payment order for a penalty of 8,400,000 yen to Nippon Doro Corporation for insider trading related to Nippon Doro shares, based on an investigation into internal transactions involving persons who received information from employees negotiating contracts with a tender offeror.

The Financial Services Agency has ordered Shinwa Wise Holdings Co., Ltd. to pay a penalty of 21 million yen for false statements in securities reports, under the Financial Instruments and Exchange Act, on June 25, 2024.

The Financial Services Agency has ordered Pixel Companies Inc. to pay a penalty of 629,840,000 yen for false statements in securities reports, under the Financial Instruments and Exchange Act on June 25, 2024.

Order the defendant to pay the surcharge to the national treasury as follows.

Order the respondent to pay the surcharge to the national treasury as described below.

The Consumer Affairs Agency and the Fair Trade Commission issued a surcharge payment order to Chugoku Electric Power Co., Inc. based on their investigation into the display of services related to retail supply of household electricity applying the 'Gutto Zutto. Plan Smart Course' and 'Gutto Zutto. Plan Simple Course' electricity rates.

Decision to order payment of surcharge for false statements in securities reports, etc.

Decision to order payment of surcharge for false certification of financial documents by Taiyo Limited Liability Audit Corporation

Based on the results of an investigation into insider trading by an employee who received information from a negotiator involved in contract negotiations with Stream Media Corporation, the Securities and Exchange Surveillance Commission recommended a surcharge payment order. On June 21, 2024, a decision was made to initiate a trial procedure (Reiwa 6 Year (Han) No. 9 Financial Instruments and Exchange Act Violation Trial Case). Subsequently, a draft decision was submitted by the judge to order the payment of the surcharge pursuant to Article 185-6 of the Financial Instruments and Exchange Act. The decision was made as described below.

The Financial Services Agency issued a surcharge payment order to Taiheiyo Metal Co., Ltd. following an investigation into market manipulation involving a stock outside of Taiheiyo Metal by a personally residing overseas investor. A decision to pay a surcharge of 2,810,000 yen was made on April 27, 2024, based on a court ruling initiated on January 19, 2024.

The Financial Services Agency has ordered Wilco Holdings Co., Ltd. to pay a penalty of 27 million yen for false statements in securities reports, as of April 27, 2024.

Japan Trex was ordered to pay a surcharge for violating the Anti-Monopoly Act by agreeing on and exchanging information to raise the sales prices of specific trailers, thereby restricting competition.

Decision to modify the order for payment of surcharge related to false statements in securities reports concerning Nissan Motor Co., Ltd.

Order to pay the surcharge to the national treasury as specified to the respondent.

The Securities and Exchange Surveillance Commission recommended a payment order for a surcharge based on the results of an inspection related to stabilization operations concerning Oomori Kogyo Co., Ltd. After initiating the adjudication process, the respondent submitted a statement acknowledging the facts listed in Article 178-1, Item 15 of the Financial Instruments and Exchange Act and the amount of surcharge to be paid. In response, the presiding judge submitted a draft decision to order the payment of the surcharge pursuant to Article 185-6 of the same Act. Consequently, a decision was made to impose the surcharge.

Decision on payment order of surcharge for false statements in securities reports, etc.

Decision to order payment of surcharge for false statements in securities reports by Kyokutou Co., Ltd.

Decision to order payment of surcharge for false statements in securities reports by Yamauura Co., Ltd.

The Financial Services Agency has ordered KUSHIM Corporation to pay a surcharge for false statements in securities reports.

The Financial Services Agency has ordered Toyota Gosei Co., Ltd. to pay a surcharge of 580,000 yen for insider trading based on inspection results from the Securities and Exchange Surveillance Commission.

The Financial Services Agency issued a surcharge payment order to EPS Holdings Co., Ltd. for insider trading related to shares during a public tender offer, based on investigation results from the Securities and Exchange Surveillance Commission.

Fisco Inc. was ordered to pay a surcharge for false statements in securities reports.

Based on the results of an investigation into insider trading involving an employee of Nagoya Denki Kogyo Co., Ltd., a recommendation was made for a surcharge payment order. Subsequently, a decision was made to initiate an administrative hearing procedure. The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 16 of the Financial Instruments and Exchange Act and the amount of surcharge payable. In response, the presiding officer proposed a draft decision to order the payment of the surcharge pursuant to Article 185-6 of the Act. Accordingly, a final decision was made.

Order to pay the surcharge to the national treasury as specified for the respondent.

The company Baumkuchen was ordered to pay a surcharge based on the Act against Unjustifiable Premiums and Misleading Representations regarding the labeling of the pet supplement called 'Eyes One' supplied by the company, following investigations by the Consumer Affairs Agency and the Fair Trade Commission (Kyushu Office).

Order to pay the surcharge to the national treasury as specified for the respondent.

The Financial Services Agency decided to impose a surcharge payment order regarding insider trading by an overseas resident communicated by ZOZO Inc. employees. The Securities and Exchange Surveillance Commission recommended the surcharge payment order based on inspection results received from ZOZO Inc. employees. On October 13, 2023, a decision was made to initiate a trial procedure under the Act on Regulation of Conduct in Financial Instruments Transactions (Reiwa 5, No. 8), and the trial has been conducted by three judges. Recently, a draft decision to order the payment of the surcharge was submitted by the judges based on Article 185-6 of the Financial Instruments and Exchange Act. The decision was made as follows.

A surcharge payment order was issued based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations concerning the display related to the ordinary automobiles supplied by the company and the package option called 'AMG Line'.

The Consumer Affairs Agency issued a surcharge payment order to T-Life Corporation based on the results of an investigation into the labeling of the food product called 'Metabo Mecha' supplied by the company, pursuant to Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Decision to impose a surcharge payment order for false statements in securities reports, etc.

Order to pay the surcharge to the national treasury as specified to the respondent.

A surcharge payment order was issued to Tokyo Marui Co., Ltd. regarding the display related to BB bullets for air guns supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Decision to order payment of surcharge regarding recommended acts by negotiators of AlphaX Food System Co., Ltd.

The Financial Services Agency ordered Okamura Food Industry Co., Ltd. to pay a surcharge of 100,000 yen for using false display tactics involving five stock issues, in violation of the Financial Instruments and Exchange Act on February 18, 2024.

The Financial Services Agency has ordered 株式会社創建エース to pay a penalty of 78,440,000 yen for false statements in securities reports.

The Financial Services Agency issued a surcharge payment order to Iwasaki Tsushinki Corporation on February 18, 2024, based on findings of transmission of material facts by an executive involved in a contract with the company. The company acknowledged the facts and the amount of surcharge, leading to the issuance of the order.

The Financial Services Agency decided to order Yamaha Corporation to pay a surcharge related to market manipulation of its stock. The decision followed a recommendation from the Securities and Exchange Surveillance Commission based on inspection results. On November 11, 2021, a hearing process was initiated (Case No. 5 of 2021, violation of the Financial Instruments and Exchange Act). The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 14 of the Financial Instruments and Exchange Act and the amount of surcharge to be paid. Based on this, a draft decision to order payment of the surcharge was submitted by the adjudicator pursuant to Article 185-6 of the Act. The decision was made as described below. For details, see the summary of the decision (PDF: 217KB).

Decision to order payment of surcharge for false statements in securities reports, etc.

Order the respondent to pay the surcharge to the national treasury as specified below.

Decision to order payment of surcharge for false statements in securities reports by GALA Corporation

Decision to impose a surcharge payment order for insider trading by an information recipient from MINKABU THE INFONOID Co., Ltd. officers

On January 6, 2024, the Financial Services Agency ordered Alphax Food System Co., Ltd. to pay a surcharge of 34,860,000 yen due to false statements in securities reports.

Based on the results of an investigation into market manipulation related to long-term government bond futures, a recommendation was made for a surcharge payment order. After initiating the adjudication process, the respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 14 of the Financial Instruments and Exchange Act and the amount of surcharge to be paid. In response, the presiding judge submitted a draft decision to order the payment of the surcharge pursuant to Article 185-6 of the same Act. Consequently, a decision was made to impose the surcharge.

Decision to order payment of surcharge for failure to submit large shareholding reports related to Sakai Holdings Co., Ltd.

Decision to order payment of surcharge regarding specific involvement in false disclosure documents submitted by D.D.S. Corporation.

The Consumer Affairs Agency issued a surcharge payment order to Leck Corporation today regarding the display related to the product called 'Noro-Will Valsan' supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Based on the results of an inspection revealing false statements in securities reports filed by Amana Corporation, a recommendation was made for a surcharge payment order. A decision was made to initiate a trial procedure. The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 4 of the Financial Instruments and Exchange Act and the amount of surcharge payable. In response, the presiding judge submitted a draft decision to order the payment of the surcharge pursuant to Article 185-6 of the same Act. Consequently, a final decision was made to impose the surcharge.

Ordered the defendant to pay a surcharge of 270,000 yen to the national treasury as specified.

Decision on payment order of surcharge for false statements in securities reports, etc.

The Consumer Affairs Agency issued a surcharge payment order to Marukyu Co., Ltd. regarding the representations related to four fishing lure products supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Order to pay the surcharge to the national treasury as specified for the respondent.

Order to pay the surcharge to the national treasury as specified for the respondent.

Banzan Co., Ltd. was issued a surcharge payment order regarding the representations related to the services called 'Megasta High School Student', 'Megasta Junior High School Student', and 'Megasta Private', which are online individual instruction services supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Consumer Affairs Agency issued a surcharge payment order to Okinawa Tokusan Hanbai Corporation regarding the labeling of a food product called 'Yoryoku Keiso' based on investigation results and in accordance with Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Based on the results of an inspection related to the transmission from the Securities and Exchange Surveillance Commission concerning the facts related to the implementation of a public tender offer by employees of N-Field Co., Ltd., a recommendation was made for a surcharge payment order. A decision was made to initiate a trial procedure. The respondent submitted a statement acknowledging the facts listed in Article 178, Paragraph 1, Item 17 of the Financial Instruments and Exchange Act and the amount of surcharge to be paid. In response, the presiding judge submitted a draft decision to order the payment of the surcharge based on Article 185-6 of the Act. Accordingly, a decision was made.

Decision to order payment of surcharge for false statements in securities reports, etc.

Order to pay the surcharge to the national treasury as specified for the respondent.

Order to pay the surcharge to the national treasury as specified to the respondent.

A surcharge payment order was issued to W-ENDLESS Corporation regarding the labeling of the food product called 'Dr. Miso Soup' supplied by the company, based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Consumer Affairs Agency issued a surcharge payment order to Daiki Seiyaku Co., Ltd. regarding the labeling of products supplied by the company, including 'Willoff Strap Type,' 'Willoff Magnet Type,' and 'Willoff Hanging Type,' based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

The Consumer Affairs Agency issued a surcharge payment order to Daiko Pharmaceutical Co., Ltd. regarding the labeling of products including 'Kureberein Stationary 60g', 'Kureberein Stationary 150g', 'Kureberein Stick Pen Type', 'Kureberein Stick Hook Type', 'Kureberein Spray', and 'Kureberein Mini Spray', based on Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations.

Order the respondent to pay the surcharge to the national treasury as follows.

Order to pay a surcharge based on the Act against Unjustifiable Premiums and Misleading Representations to Excom Global Corporation

Decision to impose a surcharge payment order for false statements in securities reports, etc.

Order to pay the surcharge to the national treasury as follows to the respondent.