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TYO:9882

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Asia

Yellow Hat Confirms 3.18 Million Records Leaked in 2rinkan Cyberattack

Yellow Hat (TYO:9882) confirmed that a cyberattack leaked personal data of about 3.18 million 2rinkan members, down from an earlier 3.46 million estimate following a forensic investigation.The attacker exploited API calls from the 2rinkan mobile app to access customer data from the web server. Name, address, phone number, date of birth, gender, email address, membership number, app user ID, app password, point balance and vehicle information was compromised. However, credit card data remained secure as it is managed on an external system.No traces of intrusion were found on other servers, and customers of Yellow Hat's other brands are unaffected.The company is reviewing security structures, enhancing API controls, and strengthening unauthorized access monitoring, with the 2rinkan app expected to resume around October.

TYO:9882
Asia

Yellow Hat Rejects Activist Proposals on Dividends, Director Pay

Yellow Hat (TYO:9882) opposed shareholder proposals from Strategic Capital and Japan-Up that called for changes to its dividend policy and director compensation structure, according to a Friday filing on the Tokyo Stock Exchange.The proposals, submitted ahead of the company's annual shareholder meeting in June, sought to shift authority over year-end dividend decisions from the board to shareholders and introduce a 100% dividend payout ratio policy.The shareholders also proposed revising restricted stock compensation for directors by linking allocations to the company's price-to-book ratio relative to the Tokyo Stock Exchange Prime Market average.Yellow Hat said its current policy of combining dividends and share repurchases allows more flexible capital allocation while supporting long-term shareholder returns and growth investments. The company's medium-term plan targets a total shareholder return ratio of 100%, comprising a 45% dividend payout ratio and 55% share repurchases.The company also said its existing executive compensation framework already aligns management interests with shareholder value through a mix of fixed pay, variable compensation, and restricted stock awards overseen by an independent committee.The company said it has raised dividends for 16 consecutive years and argued that a rigid policy allocating all earnings to dividends could limit growth investments and reduce financial flexibility.

TYO:9882
Asia

Yellow Hat Subsidiary Hit by Malicious Attack, Customer Data Potentially Leaked

Auto accessories company Yellow Hat (TYO:9882) said a malicious attack on its subsidiary's server on April 20 may have leaked personal data of "2rinkan" members, according to a Tokyo bourse filing on Thursday.Exposed data may include names, addresses, phone numbers, birth dates, emails, membership numbers, point balances, app credentials, and vehicle info, but no credit card details as they were not stored on the affected server.After detecting the breach, the company disconnected the server, suspended some app services, and reported the incident to privacy authorities and police.Data for the main Yellow Hat brand is unaffected, and the company is setting up a consultation desk while planning prevention measures with external security experts.

TYO:9882

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