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This page announces the Financial Services Agency's decision to order Shinshin Construction Industry Co., Ltd. to pay a surcharge for sham transactions involving its stock. Based on a recommendation from the Securities and Exchange Surveillance Commission, administrative monetary penalty proceedings began on April 24, 2020. After deliberation by three hearing examiners, a decision was issued under Article 185-6 of the Financial Instruments and Exchange Act, ordering the payment of approximately 334.75 million yen to the national treasury by June 15, 2022.
