Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from V-cube ( (JP:3681) ).
V-cube said its accounting auditor, Grant Thornton Taiyo, has issued a disclaimer of opinion on both its non-consolidated and consolidated financial statements for the year ended December 31, 2025, after failing to obtain sufficient evidence to support an audit opinion. As a result, the company will still seek shareholder approval of the 2025 financial statements at an extraordinary general meeting, underscoring heightened governance and disclosure risks for investors.
The disclaimer stems from outsourced service fees of about 5.4 million dollars paid in February 2025 by subsidiary TEN Holdings in connection with capital policy after its NASDAQ listing, where auditors could not verify actual services, noted mismatches between contracting party and payee, and cited an unauthorized support letter issued by the former representative director. V-cube has set up an independent Special Investigation Committee and TEN faces ongoing probes by U.S. authorities over its IPO, creating potential for material and pervasive misstatements in the group’s accounts until the investigations clarify the financial impact.
More about V-cube
V-cube, Inc. is a Japan-based technology company listed on the Tokyo Stock Exchange Prime Market that provides digital communication and related services. Through subsidiaries including TEN Holdings, it is involved in capital markets activities, with exposure to the U.S. market via a NASDAQ listing of its group company.
Average Trading Volume: 1,943,025
Technical Sentiment Signal: Sell
Current Market Cap: Yen1.01B
For an in-depth examination of 3681 stock, go to TipRanks’ Overview page.