Japanese restaurant payments firm Zentoshin faces $700m loss after fraud discovery

Key facts

• Japanese payments firm Zentoshin has suffered a loss of around $695.6 million.
• The loss was discovered after the firm entered administration on July 6, 2026.
• The fraud involved obtaining loans through fraudulent statements.
• Banks are seeking to recover funds from Zentoshin.

Japanese advance payments and processing firm Zentoshin has incurred a significant loss of approximately $695.6 million. The discovery of fraud, which involved obtaining loans through false statements, came to light when the company entered administration on July 6, 2026. Many of Zentoshin's clients are in the hospitality industry. Following the administration filing, banks are now seeking redress to recover the funds.