Toshin #C-pla Today, February 22: 60 Stores Shut Amid Safety Probe

Toshin #C-pla Today, February 22: 60 Stores Shut Amid Safety Probe

Japan’s Toshin capsule toy chain, branded #C-pla, has temporarily closed about 60 stores for safety inspections after its president was referred to prosecutors over alleged illicit filming. Police reportedly found around 2,000 videos, including about 200 from company locations. The Toshin capsule toy shutdown raises corporate governance risk and reputational damage in specialty retail. We expect near-term pressure on foot traffic and revenue until sites clear checks. As of February 22, inspections continue after starting on February 21. Landlords and nearby tenants are preparing for short-term adjustments.

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