銀行 on IT News

Zentoshin May Have Falsified Accounts for 20 Years—60.5 Billion Yen in Real Debt

Wed, 08 Jul 2026 12:00:00 +0900

As the Zentoshin bankruptcy unfolds, evidence of long-term accounting fraud has come to light. According to Tokyo Shoko Research (TSR), the company likely engaged in systematic window dressing for at least 20 years to conceal deteriorating financial performance. While book net assets showed a positive 2.48 billion yen, correcting for the fraud reveals an actual net debt of approximately 60.5 billion yen.

The Methods Revealed

TSR identifies four main categories of accounting fraud:

Zentoshin Bankruptcy: 125.9 Billion Yen Debt Sends Shockwaves Through Restaurants y Regional Banks

Wed, 08 Jul 2026 10:00:00 +0900

On July 6, 2026, Zentoshin Co., Ltd., a major credit card payment agency based in Osaka, filed for bankruptcy at the Osaka District Court and received an immediate order to begin bankruptcy proceedings. With total debts of approximately 125.9 billion yen, it is the largest bankruptcy of 2026. The collapse is having severe repercussions on both the food service industry and regional financial institutions.

Zentoshin’s Business Model

Founded in 1987 as the “Osaka Minami Food Business Cooperative” and incorporated in 2006, Zentoshin provided merchant adquisiciﾃｳn services for credit card companies and offered early payment services by advancing merchant settlement funds. Restaurants particularly valued receiving payments as quickly as four days after card use. At its peak in 2018, Zentoshin served over 200,000 merchants, generating approximately 8.2 billion yen in revenue in fiscal 2020.

3 Megabanks to Integrate ATMs: A New Financial Infrastructure Strategy Responding to the Cashless Era

Thu, 05 Jun 2025 08:40:54 +0900

ﾂ｡Hola! In Este artﾃｭculo, cubriremos the noticias reported on June 4, 2025, regarding the joint operation of ATMs by the three megabanks: MUFG banco, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho banco. This move aims to improve efficiency and user convenience in the financial industry, and futuro developments are being watched closely.

3 Megabanks Considering Joint ATM Operations

It has been revealed that the three megabanks—MUFG banco, Sumitomo Mitsui Banking Corporation, and Mizuho banco—have begun discussions toward joint operation of their ATMs. This could make it possible to use each other’s ATMs mutually, which is expected to significantly improve convenience for users.

MUFG banco y WealthNavi to Acquire Moneytree: New Developments in Digital Financial Services

Mon, 02 Jun 2025 08:00:00 +0900

ﾂ｡Hola! In Este artﾃｭculo, we bring you the noticias announced on May 27, 2025, regarding the adquisiciﾃｳn of Moneytree KK by MUFG banco and WealthNavi. This move is aimed at accelerating digitalization in the financial industry and strengthening personal financial management services.

Descripciﾃｳn general of the adquisiciﾃｳn

MUFG banco and its consolidated subsidiary WealthNavi have entered into a basic agreement to acquire all shares of Moneytree KK, which provides the asset management app “Moneytree". Through this adquisiciﾃｳn, Mitsubishi UFJ Financial Group (MUFG) aims to strengthen the functions of the "Money Advisory Platform (MAP)," which lies at the core of its digital banco concept, and to advance financial services for individuals and corporations.