Key Facts
• April 2025: Alt identified potential overstatement of sales, launched third-party investigation.
• July 25, 2025: Report revealed up to 90% of sales were overstated.
• July 28, 2025: CEO Chikaki Yonekura resigned; CFO Yusuke Hioki became new CEO.
• July 30, 2025: Tokyo Stock Exchange decided to delist Alt, effective August 31, 2025.
• July 30, 2025: Alt filed for civil rehabilitation with Tokyo District Court.
• Alt’s total debt: approximately 2.4 billion yen as of June 30, 2025.
• Company plans to continue operations under court supervision while seeking a sponsor.
Summary
AI startup Alt, previously flagged by the Tokyo Stock Exchange for overstated sales, will be delisted on August 31, 2025. A third-party investigation revealed that up to 90% of its sales were inflated, leading to CEO Chikaki Yonekura’s resignation and CFO Yusuke Hioki’s promotion to CEO. On July 30, 2025, Alt filed for civil rehabilitation due to severe financial deterioration, with debts totaling approximately 2.4 billion yen. The company aims to continue operations under court supervision while urgently seeking a sponsor to facilitate business restructuring.
