Miyakoshi Holdings to Switch Audit Firm as China Project Enters Full-Scale Phase

Miyakoshi Holdings, Inc. ( (JP:6620) ) has issued an update.

Miyakoshi Holdings has announced plans to change its accounting auditor, resolving at its Audit & Supervisory Board meeting to replace Koa Audit Corporation with Amaterasu Limited Liability Audit Corporation, subject to shareholder approval at the June 26, 2026 annual general meeting. The move follows nine years with Koa and comes as the company reaches a strategic milestone in its China urban development project, prompting a review of its audit structure and a decision to appoint a firm whose expertise, independence, and quality control are deemed better aligned with the group’s current business scale and operational phase.

The Audit & Supervisory Board evaluated Amaterasu on its audit plans, organizational structure, and registration status for listed company audits, concluding that it can ensure proper and appropriate auditing as Miyakoshi’s activities expand. While the outgoing auditor’s reports in recent years raised no issues, the transition underscores Miyakoshi’s effort to strengthen governance and oversight in line with its evolving international projects, which may be viewed positively by investors and other stakeholders focused on audit quality and risk management.

More about Miyakoshi Holdings, Inc.

Miyakoshi Holdings, Inc. is a Japan-based company listed on the TSE Prime Market under securities code 6620. The group is involved in businesses including an urban development project in China, which has recently obtained a substantial development permit and is shifting into full-scale operation, signaling a growing international and real estate-focused component to its portfolio.

Average Trading Volume: 156,351

Technical Sentiment Signal: Sell

Current Market Cap: Yen25.93B

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