The measure was imposed on June 1, 2026 after the Securities and Exchange Surveillance Commission (Japan market watchdog) recommended action following an inspection of the company.
Japan’s Kinki Finance Bureau imposed an administrative action on Kurosai on June 1, 2026. The step followed a recommendation from the Securities and Exchange Surveillance Commission (Japan market watchdog), which acted after an inspection found problems at the company. The case points to regulatory enforcement in Japan’s financial market oversight system, where local finance bureaus can take action after issues are identified through official inspections.