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  "documentTitle": "Lasertec Corporation (6920)",
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  "notes": "The slide uses investigative findings to systematically dismantle management's narrative about a new facility.",
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      "text": "We observed almost no activity, except for an occasional machine being delivered, as it serves only as a storage facility for finished goods inventory, establishing that it Inova is not staffed and is empty of people.",
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      "text": "Third, we were unable to locate any construction or other permits for Lasertec’s purported build-out activity at the Innovation Park. Our investigators visited the City of Yokohama’s Housing And Architecture Bureau...",
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      "text": "We monitored the entrance to Fab 4A with a 24/7 time lapse camera... We observed almost no activity, except for an occasional machine being delivered, as it serves only as a storage facility for finished goods inventory...",
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      "text": "The second troubling circumstance: although it was a Toshina training facility, it was owned by Nomura Real Estate Holdings... In 2018, the US Department of Justice announced a $480MM settlement... In August 2023... a new $35MM settlement...",
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