Prime-listed company shocks profits to gangsters [Economic column]
2023-09-10 00:05:00
The issue of the former president of Sanei Architectural Design, which is listed on the Tokyo Stock Exchange's prime market, allegedly providing money to organized crime members has shocked everyone involved. The prime market is the top market of the Tokyo Stock Exchange, where only companies with high governance standards are allowed to list. Despite this, why was it not obvious that top management had been involved with organized crime members for many years? And why is it that the company has not yet fulfilled its own accountability, and that the TSE has not sent out a message to prevent a recurrence? We will examine the unprecedented scandal that occurred in Japan's leading market.
