Notice Regarding Misconduct and Dismissal of Representative Directors of Subsidiary (STRIVE Inc.)
GREE Holdings has dismissed two representative directors of its subsidiary, STRIVE Inc., following the discovery of misconduct. The executives allegedly filed fraudulent registration applications based on false documents, raising serious compliance concerns and potential criminal liability.
📋 Article Processing Timeline
- 📰 Published: March 30, 2026 at 21:00
- 🔍 Collected: March 30, 2026 at 22:56 (1h 56m after Published)
- 🤖 AI Analyzed: April 24, 2026 at 06:14 (583h 18m after Collected)
GREE Holdings, Inc. (Headquarters: Minato-ku, Tokyo; Chairman and CEO: Yoshikazu Tanaka; hereinafter "the Company") has discovered misconduct by the representative directors of its wholly-owned subsidiary, STRIVE Inc. (hereinafter "STRIVE"). Following internal investigations and legal assessments by external lawyers, serious compliance violations, including acts that could lead to criminal liability, were identified. Consequently, the Company has dismissed the two representative directors as of March 30, 2026.
### 1. Overview of the Changes
- **Yusuke Amano**: Former President and Representative Director of STRIVE Inc. Dismissed as of March 30, 2026.
- **Tatsuo Tsutsumi**: Former Representative Director of STRIVE Inc. Dismissed as of March 30, 2026.
### 2. Reasons for Dismissal
Based on the background described in Section 3, the Company has certified the following misconduct and compliance violations:
**(1) Fraudulent Registration Application with False Content**
In January 2026, it was discovered that an application had been filed with the Legal Affairs Bureau to register the resignation of Yusuke Amano and Tatsuo Tsutsumi as directors of STRIVE effective December 31, 2025. The Company believes this application was made with false resignation letters. Based on legal assessment by external lawyers, such an application may fall under the attempted crime of making false entries in an original electromagnetically recorded notarized document (Article 157, Paragraphs 1 and 3 of the Penal Code).
### 1. Overview of the Changes
- **Yusuke Amano**: Former President and Representative Director of STRIVE Inc. Dismissed as of March 30, 2026.
- **Tatsuo Tsutsumi**: Former Representative Director of STRIVE Inc. Dismissed as of March 30, 2026.
### 2. Reasons for Dismissal
Based on the background described in Section 3, the Company has certified the following misconduct and compliance violations:
**(1) Fraudulent Registration Application with False Content**
In January 2026, it was discovered that an application had been filed with the Legal Affairs Bureau to register the resignation of Yusuke Amano and Tatsuo Tsutsumi as directors of STRIVE effective December 31, 2025. The Company believes this application was made with false resignation letters. Based on legal assessment by external lawyers, such an application may fall under the attempted crime of making false entries in an original electromagnetically recorded notarized document (Article 157, Paragraphs 1 and 3 of the Penal Code).