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AISAN TECH plunges on suspected improper transactions at wholly-owned subsidiary
AISAN TECHNOLOGY CO.,LTD. <4667> tumbled to a fresh year-to-date low today.
Following the market close on the 3rd, the company announced the formation of a special investigation committee to look into suspected accounting irregularities and fraudulent transactions at its wholly-owned subsidiary, Akisoku (Akita City). The news sparked a heavy sell-off. The company stated that the potential impact on its earnings forecast for the fiscal year ending March 2026 is currently being assessed.
Source: MINKABU PRESS
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