Senko Group revises forecast after fraud discovery, tender offer

Senko Group Holdings announced the receipt of an investigative report revealing a cumulative fraud amount of JPY 367 million at its consolidated subsidiary, Minami Osaka Senko Transport Co. The company stated the impact on consolidated financial statements for the previous fiscal year is limited, and no revisions to past annual or quarterly securities reports will be made. The group will implement recurrence prevention measures based on the report's findings.

Separately, Senko Group Holdings will launch a tender offer to acquire all common shares of Maruun, aiming to make it a consolidated subsidiary and take it private. The tender offer price is JPY 949 per share. The tender offer is planned to commence around late January 2026, with a minimum acquisition target of 3,200,400 shares (50.10% ownership).

In light of these developments, Senko Group Holdings has revised its consolidated earnings forecast for the fiscal year ending March 31, 2026. The revised forecast for operating revenue is JPY 898,000 million (down 1.3%), operating profit is JPY 37,000 million (down 7.5%), ordinary profit is JPY 35,000 million (down 7.9%), and net income attributable to owners of parent is JPY 19,200 million (down 11.1%). The company also plans to omit the year-end dividend for the fiscal year ending March 31, 2026.