Japan’s listed firms leaked 350m records in ten months, over 10 times last year
Tokyo Shoko Research’s count to October: 215 leak incidents at listed companies, already a full-year record, 109 of them in October, ten above 10 million records, and who lost the most.
Tokyo Shoko Research, a Japanese credit-research firm, has counted every leak or loss of personal data that a listed company or its subsidiary has disclosed since 2012. Its count for the first ten months of 2026, published on 9 November, is the largest in the series by both measures: incidents and records.1 What changed in October, why the record count ran so far ahead of the incident count, and what does a company that holds customer lists check first?
01215 incidents by October, after fourteen years below 190
Until September, 2026 looked like 2025: between 8 and 17 incidents a month, about the same pace as the year before. Then October brought 109, more than half the year’s 215.1 The previous record was 189 incidents in all of 2024; 2025 had 180, at a record 158 companies.2
Japan’s listed companies passed the full-year record for leaks in ten months
Personal-data leak and loss incidents disclosed by listed companies and their subsidiaries, by year, 2012 to October 2026
Show tableHide table
Incidents
2012
71
2013
107
2014
70
2015
87
2016
89
2017
90
2018
85
2019
86
2020
103
2021
137
2022
165
2023
175
2024
189
2025
180
2026 to Oct
215
Source: Tokyo Shoko Research, surveys of 30 January 2026 and 9 November 2026 · as of 9 November 2026 · 2026 is January to October, preliminary
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The cause has been shifting for years. In 2012 TSR counted 9 incidents from malware or unauthorised access; in 2025 it counted 116, 64.4% of the year’s 180, ahead of misdirected emails (37) and lost or wrongly discarded records (18). Internal systems and servers were where 140 of the 180 began.2
02Ten leaks above 10 million records, and why records are not people
In fourteen years to 2025, TSR counted three incidents of 10 million records or more. In 2026 there have been ten, six of them disclosed in October; 29 more fell between 1 million and 10 million, against 6 in 2025.1 The largest is SG Holdings, the parent of the parcel carrier Sagawa Express, at up to 53.23 million records, duplicates included, after unauthorised access to its website’s parcel-inquiry service; it first disclosed possible access on 30 September. Until this year the largest in the series was Benesse’s, about 35.04 million.1
Six of the ten leaks above 10 million records were disclosed in October
Personal records leaked or lost, or possibly so, in each 2026 incident of 10 million or more, millions, January to October 2026
SG Holdings (Sagawa Express) Sep53.23 m
Yumirink Oct51.62 m
Ryohin Keikaku (Muji) Oct27.26 m
BASE (E-Store) Aug23.35 m
Sourcenext Oct22.51 m
Adventure Oct14.64 m
KDDI Jul12.23 m
Capcom Oct11.77 m
Kyushu Electric Power Jun10.9 m
Monogatari Corporation Oct10.78 m
Show tableHide table
Value (m)
SG Holdings (Sagawa Express)
53.23
Yumirink
51.62
Ryohin Keikaku (Muji)
27.26
BASE (E-Store)
23.35
Sourcenext
22.51
Adventure
14.64
KDDI
12.23
Capcom
11.77
Kyushu Electric Power
10.9
Monogatari Corporation
10.78
Source: Tokyo Shoko Research, 9 November 2026 · as of 9 November 2026 · Preliminary; counts include records that may have leaked and duplicates
The TechBag Journal
Nine of the ten were unauthorised access; the tenth, at Kyushu Electric Power’s grid subsidiary, was records lost or wrongly discarded. Two routes stand out. Consumer apps and sites: Ryohin Keikaku, which runs Muji, and Monogatari Corporation, which runs the Yakiniku King restaurant chain, both reported access through their official apps. And suppliers: Yumirink builds email-delivery systems for companies and local governments, so its breach put its clients’ customer data at risk too, and TSR says the damage “snowballed”.1 Each listed client that discloses counts as an incident of its own, which is how one supplier’s breach becomes many lines in the count.
A record is not a person. Bookoff’s third report on its October breach puts the gap in numbers: 6,427,735 member records were sent out, which are 6,383,279 people once records sharing an email address are counted once.3 Across companies the overlap is wider, since one shopper can sit in a parcel carrier’s, a retailer’s and a mailing service’s files at once. TSR’s total of 349,998,482 is close to three times Japan’s population, but it is a count of records disclosed, not of people affected.1
03November so far, and what to watch
TSR says large leaks kept coming to light in November.1 On 2 November Nojima, an electronics retailer, said about 7 million members’ names, birth dates, addresses, phone numbers, email addresses, login IDs and encrypted passwords were taken from its Nojima Online store and its used-phone buying site on 1 November; it holds no card data there.4 Bookoff traced its breach to an access-control flaw in part of its member system, filed a preliminary report with Japan’s Personal Information Protection Commission and plans the confirmed report in early December.3
For a company holding customer lists, the year’s count points to three checks:
Which suppliers hold your customer data, starting with email delivery, where one breach reached many clients. Our Analysis of ARARA follows one such service to up to 380 client firms.
Who can reach member data through your app and website, the route in the Muji, Yakiniku King and Bookoff cases.13
How fast you would notice. TSR notes that even an information and communications group with its own security business took more than two months to detect unauthorised access.1
What to watch: TSR’s full-year count, which last year came on 30 January2; whether November’s disclosures keep the monthly figure near October’s 109; and the confirmed reports due to the regulator, Bookoff’s in early December.3
Disclosure. TechBag is a software reseller: it earns when companies buy through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view.