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Anime Studio DLE Accused of Manipulating Financial s
posted on by Jennifer Sherman
Japan's Securities and Exchange Surveillance Commission reported on February 13 that anime studio DLE listed in the First Section (top tier of exchange for large companies) of the Tokyo Stock Exchange after reporting inflated sales from falsified transactions. The Securities and Exchange Surveillance Commission recommended that Japan's Financial Services Agency fine DLE 135.4 million yen ($1.22 million) for violating Japan's Financial Instruments and Exchange Law.
According to the Securities and Exchange Surveillance Commission, DLE and production committee investors for its anime films used falsified transactions related to video production. They reportedly submitted marketable securities reports from around 2014 to 2018 that showed excess sales of about 2.3 billion yen ($20.80 million) and an inflated income of about 600 million yen ($5.43 million).
DLE is perhaps best known for its work on the Insufficient Direction.
established an American branch in 2012.
Source: Kyodo via Hachima Kikō
