On 17 July 2020, JPN SESC recommended disclosed fine on Freesia Macross.
- JPN SESC recommended a ¥12mn fine against Freesia Macross Co., Ltd., for failing to disclose its trades with its board member in its FY3/17 and FY3/18 securities reports.
- Having not included the relevant information in its consolidated financial statements.
- Accordingly, the company violated the financial instruments and exchange act.
- The recommendations were made to the Prime Minister and FSA commissioner.
