Yamaichi Securities controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1997
Tobashi transactions and concealed losses
Yamaichi concealed more than ¥200 billion in losses through off-balance-sheet arrangements. A Yamaichi Enterprise scheme absorbed ¥158.3 billion in losses, while a separate foreign-currency-bond arrangement concealed ¥106.5 billion through the Australian subsidiary.
1997
Public exposure and parliamentary acknowledgement
Weekly Toyo Keizai exposed the arrangements, and chairman Tsugio Yukihira later acknowledged before the Japanese Diet that the transactions were illegal.