Japan's Financial Services Agency ordered Toshiba in December 2015 to pay an administrative penalty of more than JPY 7.3 billion for false statements in its securities reports.

Why this label

The FSA states in its weekly review that it issued the order on 24 December 2015^S4. It describes understated provisions for contract losses and overstated sales^S4. The SESC recommendation of 7 December 2015 gives the amount as JPY 7,373,500,000 and cites false statements on material issues under the Financial Instruments and Exchange Act^S3. The Tokyo Stock Exchange separately found serious issues in internal management^S2. These are regulator findings, not a criminal conviction of the company.

Current procedural position

Administrative monetary penalty order issued on 24 December 2015^S4. Final.

Evidence score: 94 of 100

The score grades how well the record establishes this assessment. It is not a score of Toshiba Corporation. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.

Timeline

1. 15 September 2015Exchange designates Toshiba a Security on Alert^S2
2. 7 December 2015SESC recommends a JPY 7,373,500,000 penalty^S3
3. 24 December 2015FSA issues the penalty order^S4

Related cases

• Financial Services Agency and Toshiba CorporationFinancial Services Agency of Japan, on recommendation of the Securities and Exchange Surveillance Commission. Regulatory. Not published.Stage: Administrative monetary penalty order issued.
  • 7 December 2015 SESC recommends a penalty of JPY 7,373,500,000^S3
  • 24 December 2015 FSA issues the order^S4

Revision history

• 25 October 2026 Assessment first published with label Supported.

Have a record that changes this assessment? See corrections and responses.

Sources

1. S4Tier A Administrative penalty charge against TOSHIBA CORPORATION for making false statements in securities reportsFinancial Services Agency of Japan. Regulator press release. 6 January 2016.FSA Weekly Review No. 177, covering 21 to 28 December 2015. It confirms the order of 24 December 2015 and the conduct, and gives the amount as more than JPY 7.3 billion.Link working, checked 25 October 2026
2. S3Tier A Recommendation for Administrative Monetary Penalty Payment Order for Violation of Disclosure Requirements by TOSHIBA CORPORATIONSecurities and Exchange Surveillance Commission. Regulator press release. 7 December 2015.Supports the recommended amount and the legal basis. It is a recommendation, not the order.Link working, checked 25 October 2026
3. S2Tier A Designation of Security on Alert and Imposition of Listing Agreement Violation Penalty -TOSHIBA CORPORATION-Japan Exchange Group, Tokyo Stock Exchange. Regulator order. 15 September 2015.Supports the designation, the JPY 91.2 million penalty and the restated overstatement amounts. It does not cover the FSA penalty.Link working, checked 25 October 2026

Other claims about Toshiba Corporation

• Outdated83
  Press reports in July 2015 said an independent committee found Toshiba had overstated profits by JPY 151.8 billion between 2008 and 2014.
  Press report, 21 July 20152 records citedAccounting
• Opinion65
  Toshiba said on its delisting in December 2023 that it would take a major step toward a new future with a new shareholder.
  Company statement, 20 December 20232 records citedCorporate status